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state bank
(redirected from State-Chartered Banks)

    Also found in: Financial, Wikipedia 0.01 sec.
state bank
n
(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
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.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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Effective July 11, the new law authorizes state-chartered banks and CUs direct powers without first obtaining legislative amendments.
N.Y. Gov. extends 'wild card' powers by Credit Union Times
State-chartered banks were not permitted to belong to the FDIC program until 1955.
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Like all California state-chartered banks, Banco BuenaVentura deposits are currently insured by the Federal Deposit Insurance Corporation (FDIC), up to $250,000 per depositor.
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