state bank

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state bank

(Economics, Accounting & Finance / Banking & Finance) (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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Noun

state bank - a bank chartered by a state rather than by the federal government

banking company, banking concern, depository financial institution, bank - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"

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