state bank
noun[C]
BANKING,GOVERNMENTukusabankthat isownedby thegovernmentof acountry:
Millions ofsaversputtheirsavingsin thestatebankspreciselybecause thegovernmentownsthem.
The country'sprivatecompaniesare beingstarvedofcashby both the stockmarket and thestatebanks.
in the US, abankthat iscontrolledby thelawsof astateratherthan bynationallaws. Astatebankdoes not have to be amemberof theFederal Reserve System
Compare
central bank
national bank