A bank chartered by a state rather than by the federal government(noun)
WordNet. Princeton University. 2010.
Use "state bank" in a sentence
"A time-and-temperature sign outside the state bank poked scarlet digits down the dark streets: 91, it said, and 11: 04."
"Partially privatizing state bank Caixa Geral de Depósitos SA is also part of his vision—outlined in a book called "Mudar," or "Change," published in January 2010—to surpass the goals tied to the bailout program."