national bank

noun

Definition of national bank

2 : a bank operating under federal charter and supervision

Examples of national bank in a Sentence

Recent Examples on the Web Varo, for example, had to put up $100 million in capital to gain a national bank charter in the U.S. and the process took three years. Maria Abreu, Forbes, 3 Sep. 2021 Varo—which last year became the first neo-bank to receive a national bank charter from federal regulators—offers its customers no-fee checking and savings accounts while also eschewing overdraft fees. Rey Mashayekhi, Fortune, 8 June 2021 Brown Brothers owned a majority share of Nicaragua’s main railroad and its national bank, and its loans to the government of Nicaragua provided President William H. Taft with an excuse to send the Marines to occupy the country in 1912. Zachary Karabell, WSJ, 14 May 2021 Dimon said he has long been bothered by the fact that there is not one true national bank, at least by his definition. BostonGlobe.com, 11 May 2021 Paulson has continued to approve national bank charters for fintech companies—a highly controversial move—on the basis of interpretive guidance Brooks released just before leaving office. Eleanor Eagan, The New Republic, 29 Apr. 2021 The investigation comes as Oportun seeks status as a national bank, answerable to one regulatory body and free from state interest rate caps. Chronicle Staff, San Francisco Chronicle, 20 Mar. 2021 Once a national bank headquarters, the Riggs is one of D.C.’s newest hotels, filled with small bespoke touches that pay homage to its history, such as minibars designed like vintage safes. Maya Kachroo-levine, Travel + Leisure, 1 Mar. 2021 The process of obtaining a national bank charter is slow and costly, but is one to which other financial upstarts are turning. Jeff John Roberts, Fortune, 28 Oct. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'national bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of national bank

1736, in the meaning defined at sense 1

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The first known use of national bank was in 1736

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Dictionary Entries Near national bank

national assembly

national bank

national banknote

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Statistics for national bank

Last Updated

9 Sep 2021

Cite this Entry

“National bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/national%20bank. Accessed 17 Sep. 2021.

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More Definitions for national bank

national bank

Legal Definition of national bank

— see bank

More from Merriam-Webster on national bank

Britannica.com: Encyclopedia article about national bank

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