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federal savings bank

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.04 sec.
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Noun1.federal savings bank - a federally chartered savings bank
savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks


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BANKS THIS LAST YEAR YEAR COMPANY LOCATION 1 6 OneUnited Bank Boston, MA 2 1 Carver Federal Savings Bank New York, NY 3 2 Industrial Bank N.
Wright, president and chief executive officer, USAA Federal Savings Bank.
BOSTON -- The First Marblehead Corporation (NYSE: FMD) announced today that it has completed its previously announced acquisition of Union Federal Savings Bank (UFSB) of North Providence, Rhode Island.
 
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