state bank

noun

state bank

See national bank
(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

An Americanism dating back to 1805–15

The State Bank of Adot had been an important institution in an unimportant community.

This bank still exists and has always been the state bank of Sweden.

The object of the tax was to secure the retirement of the State bank-notes to make room for the circulation of the national banks.

There is no state bank in the United States, and no government interference with the natural course of paying debts.

He turned the corner by the State Bank of Hope and walked boldly down the street.

April 19, 2024tortuous

[tawr-choo-uhs ]

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