State Bank (Noun)
Meaning
A bank chartered by a state rather than by the federal government.
Classification
Nouns denoting groupings of people or objects.
Examples
- The company has a state bank charter in several states across the country.
- After 25 years in business, the family-owned state bank has been sold to a larger corporation.
- The new state bank will focus on providing loans to small businesses and farmers in the community.
- State bank regulators have taken over management of the institution due to financial concerns.
- The state bank has an ATM located in the student union building on campus for student convenience.