A state bank is generally a financial institution that is chartered by a state. It differs from a reserve bank in that it does not necessarily control monetary policy (indeed, the state in question may have no legal capacity to create monetary policy), but instead usually offers only retail and commercial services.
A state bank that has been in operation for five years or less is called a de novo bank.
Read more about State Bank: United States, Australia, List of State Banks
Other articles related to "state bank, bank, banks, state":
... State Bank of Pakistan State Bank of India State Bank of New South Wales (now part of the Commonwealth Bank) State Bank of South Australia (now the Bank of South Australia, owned by St.George Bank) State Bank of ...
... Syed Salim Raza is the former Governor of State Bank of Pakistan ... Oxford University and was the 15th Governor of the State Bank ... Raza brought to the State Bank 36 years of international banking experience ...
... The following 51 banks failed in 2012 Bank City State Date Acquired by Assets ($mil.) 1 Central Florida State Bank Belleview Florida 02012-01-20January 20, 2012 CenterState Bank of Florida 79.1 2 The First State. 19.6 4 First Guaranty Bank and Trust Company of Jacksonville Jacksonville Florida 02012-01-27January 27, 2012 CenterState Bank of Florida 377.9 5 Tennessee Commerce Bank Franklin Tennessee 02012-01-27January ... Bancorp 272.6 8 Charter National Bank and Trust Hoffman Estates Illinois 02012-02-10February 10, 2012 Barrington Bank Trust Company, NA 93.9 9 SCB Bank Shelbyville Indiana 02012-02-10February 10 ...
... The following are the Scheduled Banks in India (Public Sector) Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation ...
... The bank charter had various clauses to help prevent possible insolvency and reduce risks ... Bank officers were not permitted to receive loans at a rate different from that offered to the public ... The bank could not issue securities on its own stock, and any loan over $500 had to be approved by five-sevenths of banks board members ...
Famous quotes containing the words bank and/or state:
“Good resolutions are useless attempts to interfere with scientific laws. Their origin is pure vanity. Their result is absolutely nil. They give us, now and then, some of those luxurious sterile emotions that have a certain charm for the weak.... They are simply cheques that men draw on a bank where they have no account.”
—Oscar Wilde (1854–1900)
“From this elevation, just on the skirts of the clouds, we could overlook the country, west and south, for a hundred miles. There it was, the State of Maine, which we had seen on the map, but not much like that,—immeasurable forest for the sun to shine on, the eastern stuff we hear of in Massachusetts. No clearing, no house. It did not look as if a solitary traveler had cut so much as a walking-stick there.”
—Henry David Thoreau (1817–1862)