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bank charter

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Noun1.bank charter - a charter authorizing the operation of a bank
charter - a document incorporating an institution and specifying its rights; includes the articles of incorporation and the certificate of incorporation


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Although ReliaStar's federal savings bank subsidiary, ReliaStar Bank, was granted trust powers by the Office of Thrift Supervision in 1998, ReliaStar said it believes that a national trust bank charter will allow the company to compete more effectively in delivering trust services on a nationwide basis.
NEW CHARTER: Pacific Crest Bank, a subsidiary of Agoura Hills-based Pacific Crest Capital, has received the necessary regulatory approvals and has changed its charter to a California State Bank Charter.
The new national bank charter, granted by the Office of the Comptroller of the Currency and approved by appropriate regulatory agencies, will aid HSBC in growing its bank footprint.
 
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