state bank

state bank
a bank chartered by a state rather than by the federal government

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1. : a bank owned, controlled, or operated by a government
2. usually capitalized S : a bank chartered by and operating under the laws of a state of the U.S. — compare national bank 1

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a bank chartered by a state and operated under the banking laws of that state.
[1805-15, Amer.]

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state bank noun
(in the USA) a bank that is awarded its charter by a state government
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Main Entry:state

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state bank,
1. a bank owned or controlled by a government, especially an institution through the agency of which currency is issued or controlled.
2. U.S. a bank that has a charter from a state government.

Useful english dictionary. 2012.

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