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
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“Marry first, and love will come after is a shocking assertion; since a thousand things may happen to make the state but barely tolerable, when it is entered into with mutual affection.”
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