state bank

A bank chartered by a state and supervised by the state banking department.

• For a state bank to have FDIC insurance on deposits, it must become a member of the Federal Reserve System. [Cases: Banks and Banking 2–6. C.J.S. Banks and Banking §§ 2–5, 7–9, 15–18.]

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词条贡献者

法律翻译Virginia，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与国际贸易与投资监管有关的法律文件。