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In Australia and the United States, a state bank in a federated state is usually a financial institution that is chartered by the government of that state, as opposed to one regulated at the federal or national level.
In British English, the term is more or less synonymous with the term "national bank",[1] which refers to any bank owned and operated by a government or state.[2]
- ^ "state bank". Cambridge Dictionary. 3 May 2023. Retrieved 9 May 2023.
- ^ "National bank definition and meaning". Collins English Dictionary. 8 May 2023. Retrieved 8 May 2023.