state bank

American  

noun

1. a bank chartered by a state and operated under the banking laws of that state.

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state bank British  

noun

1. (in the US) a commercial bank incorporated under a State charter and not required to be a member of the Federal Reserve System Compare national bank

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Etymology

Origin of state bank

An Americanism dating back to 1805–15

Example Sentences

The Kraken unit, which has a special type of Wyoming state bank charter geared toward crypto companies, previously relied on intermediary banks to move money to other firms.

From The Wall Street Journal • Mar. 4, 2026

Donors would buy bonds from the state bank anonymously and then pass them on to politicians.

From New York Times • Mar. 15, 2024

His catering businesses expanded significantly, and in 2010, Putin helped open Prigozhin’s factory, which was built on generous loans from a state bank.

From Seattle Times • Aug. 23, 2023

The cost of shorting the yuan jumped, the state bank sources told Reuters, as seen from sudden rises in offshore yuan tomorrow-next forward points .

From Reuters • Aug. 21, 2023

Even since the revival of state bank regulation, which began in 1887, the requirement of a reserve has not been regarded in many of the States as an important part of the state banking law.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur