state bank

noun

1. a bank chartered by a state and operated under the banking laws of that state.

state bank

noun

1. (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

Word History and Origins

Origin of state bank¹

An Americanism dating back to 1805–15

Example Sentences

Donors would buy bonds from the state bank anonymously and then pass them on to politicians.

From New York Times

The partnership between insurance broker Marsh McLennan, Lloyd’s, two Ukrainian state banks and the government offers up to $50 million for each of two types of coverage protecting against damage and other losses.

From Seattle Times

Lloyd's of London insurers and Ukrainian state banks launched a programme this week to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor.

From Reuters

Although he had studied as a religious scholar, he worked as a bank clerk and was for years the Afghan state bank’s representative in Karachi, which was then a port city in undivided India.

From New York Times

But now the two main Chinese state banks that provided most of the infrastructure loans have reduced their new lending.

From New York Times