Investopedia

Continue to Site »

State Bank

Filed Under » , ,
Dictionary Says

Definition of 'State Bank'

A financial institution that has been chartered by a state to provide commercial banking. A state bank is not the same as a central or reserve bank because those banks are primarily concerned with influencing a government's monetary policy. In the United States, state banks are not regulated by the Office of the Comptroller of the Currency (OCC) which is the federal agency that oversees banks that operate nationally. Some state banks are regulated by the Federal Reserve, and those that are not are regulated by the Federal Deposit Insurance Corporation (FDIC).
Investopedia Says

Investopedia explains 'State Bank'

State banks can still be large financial institutions. They are not permitted to expand nationwide because they do not have a federal charter. State banks may be able to provide more nationwide services, such as ATMs, by partnering with banks with a broader presence around the country. In certain states, state banks have more authority than national banks in providing insurance and investment banking services.

Articles Of Interest

  1.

    The Evolution Of Banking

    Banks are a part of ancient history. Find out how this system of money management developed into what we know today.

  2. Get To Know The Major Central Banks

    The policies of these banks affect the currency market like nothing else. See what makes them tick.

  3. Are Your Bank Deposits Insured?

    Learn how the FDIC is helping to keep your money in your pockets.

  4. Bank Failure: Will Your Assets Be Protected?

    The SIPC and FDIC insure against personal financial ruin when banks or brokerages go belly up.

  5. Who Backs Up The FDIC?

    The FDIC insures depositors against loss, but what happens if it runs out of money?

  6. Financial Career Options For Professionals

    Find out if spreading your wings to try a new career will make you soar or fall flat.

  7. Besides a savings account, where is the safest place to keep my money?

    Savings accounts are safe because investors' deposits are guaranteed by the Federal Deposit Insurance Corporation (FDIC) for bank accounts or the National Credit Union Administration (NCUA) for ...

  8. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.

  9. Who Does Wall Street Want For President?

    Wall Street seems to benefit more from a president who favors "laissez-faire" policies.

  10. Defining The 3 Types Of Investments

    The first step to being a successful investor is knowing what is and isn't an investment.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center