state bank

noun

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

state bank

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

Word History and Origins

Origin of state bank¹

An Americanism dating back to 1805–15

Example Sentences

The Second Bank of the U.S. would stabilize currency and backstop riskier state banks.

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In Iran, Chinese infrastructure projects tend to be huge state-directed endeavors, including airports, refineries and transport projects, managed by China’s largest state banks and engineering groups.

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

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The partnership between insurance broker Marsh McLennan, Lloyd’s, two Ukrainian state banks and the government offers up to $50 million for each of two types of coverage protecting against damage and other losses.

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Lloyd's of London insurers and Ukrainian state banks launched a programme this week to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor.

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