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
References in periodicals archive ?
Piermont Bank is the first independent de novo bank charter approval for New York State in the last decade.
BANGKO Sentral ng Pilipinas (BSP) officers will go around the country to talk about the recent amendments made to the central bank charter, in an effort to connect with and inform banks and other stakeholders in the countryside.
Watermark is Oklahoma's first new bank charter granted in the past decade and one of only 14 granted over the past nine years in the United States.
Nelnet Bank would be a separate subsidiary of Nelnet, and the industrial bank charter would allow the company to maintain its other diversified business offerings.
Two credit union industry groups are keeping a close eye on one startup's recent bank charter application to see whether fintechs that want to compete on their turf will land on the same regulatory playing field.
Fintech firms approved for a special purpose national bank charter would also be subject to the Bank Secrecy Act, anti-money laundering laws and economic sanctions issued by the Treasury Department's Office of Foreign Assets Control.
"However, as companies look for ways to become more efficient, reduce costs, and streamline processes and procedures, sometimes it is a better strategy to operate under a single bank charter in multiple states," he said.
The council has also weighed in with key House Financial Services Committee members as well as congressional leaders from our region, urging them to support the reauthorization of the Ex-lm Bank charter.
Goldman executives have repeatedly said they have no interest in shedding their bank charter.
The Milford National Bank Charter is one of the oldest bank charters in the country, and I am confident that my experience and extensive education has prepared me to assume this important position and to assist the bank with its long-term goals."
The approved structures depend on the laws of the state and whether the state permits the sale of a single bank charter, but they have generally followed the structure in Rev.
If Wal-Mart gets a charter and begins banking operations in every state and any community they do business in, then all the other companies would follow and then what's a bank charter worth?