National Bank

In banking, the term national bank carries several meanings:

  • especially in developing countries, a bank owned by the state
  • an ordinary private bank which operates nationally (as opposed to regionally or locally or even internationally)
  • in the United States, an ordinary private bank operating within a specific regulatory structure, which may or may not operate nationally, under the supervision of the Office of the Comptroller of the Currency.

In the past, the term "national bank" has been used synonymously with "central bank", but it is no longer used in this sense today. Some central banks may have the words "National Bank" in their name; conversely if a bank is named in this way, it is not automatically considered a central bank. For example, National-Bank AG in Essen, Germany is a privately owned commercial bank, just like National Bank of Canada of Montreal, Canada. On the other side, National Bank of Ethiopia is the central bank of Ethiopia and National Bank of Cambodia is the central bank of Cambodia.

Read more about National Bank:  Afghanistan, Australia, Denmark, Canada, Chile, Colombia, India, Iran, Pakistan, Serbia, United States

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List Of Bank Failures In The United States (2008–present) - List of Bank Failures in 2012
... 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. 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 02012-01-27Janua ... 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 ...
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... in 1968 with the construction of Worthen Bank (now Bank of America), and Union National Bank ... Worthen was topped out at 375 feet and Union National at 331 feet making them both taller than the Tower Building which was 300 feet and the tallest building up to that time ... In 1975, First National Bank, now Regions Bank, was topped out at 454 feet and 30 stories ...
Leonis C. Malburg - Banking Career
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National Bank - United States
... In the United States, the term "national bank" originally referred to the revolutionary era Bank of North America, later, First Bank of the United States ... the term "national bank" has a precise meaning a banking institution chartered and supervised by the Office of the Comptroller of the Currency ("OCC"), an agency in the U.S ... Treasury Department, pursuant to the National Bank Act ...
List Of Tallest Buildings In Omaha, Nebraska
... The tallest buildings in Omaha, Nebraska include towers for Woodmen of the World and the First National Bank of Omaha ... tallest building is the 45-story First National Bank Tower ... Tower was the tallest until the construction of the First National Bank Tower ...

Famous quotes containing the words bank and/or national:

    The English language is like a broad river on whose bank a few patient anglers are sitting, while, higher up, the stream is being polluted by a string of refuse-barges tipping out their muck.
    Cyril Connolly (1903–1974)

    It is no part of the functions of the National Government to find employment for the people, and if we were to appropriate a hundred millions for his purpose, we should only be taxing 40 millions of people to keep a few thousand employed.
    James A. Garfield (1831–1881)