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

资深译员Fang，毕业于美国一流的高级翻译学院，专注翻译各种与主权及机构投资有关的法律文件。