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 Chase Bank will open a retail branch Wednesday in South Baltimore’s Cherry Hill community, becoming the first national bank to set up shop in the neighborhood. Hallie Miller, baltimoresun.com, "Chase Bank opening branch in South Baltimore’s Cherry Hill as neighborhood’s first national bank," 15 Sep. 2020 Smaller community banks seem to be processing loans more quickly than larger national banks that have been flooded with requests, Kassar says. Paul Davidson, USA TODAY, "How can I get a small business loan under the coronavirus stimulus package? Here's your guide to the process," 24 Apr. 2020 One common problem faced by a large number of small businesses trying to apply for the relief loans is that big national banks were much slower at processing and sending loan applications to the SBA than local, community banks. Nihal Krishan, Washington Examiner, "Trump administration shrugs off complaints to tout small-business relief program as big success," 28 Apr. 2020 Some small businesses are struggling with big banks Many of the country's biggest national banks, like Bank of America, are already accepting hundreds of thousands of loans. Anne Sraders, Fortune, "As small businesses race to submit SBA loan applications, small banks are struggling too," 10 Apr. 2020 In 1933, a national bank holiday declared by President Franklin D. Roosevelt aimed at calming panicked depositors went into effect. BostonGlobe.com, "This day in history," 6 Mar. 2020 Grovetta Gardineer, senior deputy comptroller for bank supervision policy at the Office of the Comptroller of the Currency, said national bank examiners have recently observed weaknesses in compliance. Kristin Broughton, WSJ, "U.S. Bank Supervisor Sees Weaknesses in Compliance With Due Diligence Rule," 6 Feb. 2020 The Federal Reserve is closed for Martin Luther King Day, so most branches of national banks will be closed, but ATM machines should be accessible. Rachel E. Greenspan, Time, "Here’s What’s Open and Closed on Martin Luther King Day 2020," 17 Jan. 2020 Getting through this very high regulatory hurdle now opens the door for Varo to become the biggest mobile-centric national bank. John Detrixhe, Quartz, "Fintech has finally cracked the US banking sector," 11 Feb. 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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Time Traveler for national bank

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The first known use of national bank was in 1736

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Last Updated

20 Sep 2020

Cite this Entry

“National bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/national%20bank. Accessed 21 Sep. 2020.

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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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