state bank

noun

Definition of state bank 

2 : a bank chartered by and operating under the laws of a state of the U.S.

Examples of state bank in a Sentence

Recent Examples on the Web

Russian state banks now account for about 70% of lending in the country. Anatoly Kurmanaev, WSJ, "Russian Lenders Need Western Money, Top Banker Says," 24 June 2018 Most mergers are among smaller community state banks, although in recent years some banks have come in from other states to buy Wisconsin banks, and even some larger credit unions have purchased the assets of banks. Paul Gores, Milwaukee Journal Sentinel, "Bank Mutual set to switch to Associated Bank this weekend," 20 June 2018 That has resulted in an uptick in bond defaults by private businesses with limited access to state banks and instead tap nonbank lenders. WSJ, "Cash Flows: Beijing Opens the Taps With Rail Projects and More Lending," 13 July 2018 All private sector workers must open an account in a state bank to carry out all their business operations. Nora Gámez Torres, miamiherald, "Cuba imposes more taxes and controls on private sector and increases censorship on the arts," 10 July 2018 Modi’s administration also has pledged $33 billion to recapitalize state banks. Iain Marlow, Bloomberg.com, "India’s Push to Fast-Track Bankruptcies," 26 June 2018 All of the big four state banks reported a wider net interest margin, the difference in lending and borrowing rates and thus a key measurement of Chinese lenders’ profitability. WSJ, "Growth Bounces Back for Year at China’s Largest Banks," 29 Mar. 2018 Would create a state bank to take tax receipts from cannabis sales and use them to fund production of low-cost pharmaceuticals. San Francisco Chronicle, "Where candidates for governor stand on California’s biggest issues," 17 May 2018 Trump also nominated Michelle Bowman, the Kansas state bank commissioner, for a spot on the Fed board that is normally reserved for a community banker. Martin Crutsinger, chicagotribune.com, "Fed is set to leave rates alone but to hike later in year," 30 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'state 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 state bank

1702, in the meaning defined at sense 1

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Last Updated

1 Sep 2018

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Time Traveler for state bank

The first known use of state bank was in 1702

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More Definitions for state bank

state bank

Legal Definition of state bank 

see bank

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