National bank (United States)
It has been suggested that this article be merged with State bank (United States) to Dual banking system. (Discuss) Proposed since March 2024. |
In the United States, a national bank is an ordinary private bank operating within the federal government's regulatory structure, which usually but not always operates nationally,
Overview
The term national bank in the U.S. context originally referred to the Revolutionary War–era Bank of North America, its successor, the First Bank of the United States, or that institution's successor, the Second Bank of the United States. The first survives as an acquisition of Wells Fargo, while the others are defunct.
In the modern usage since the 1860s, the term national bank has taken a precise meaning: a banking institution chartered and supervised by the
The advantage of holding a National Bank Act charter is that a national bank is not subject to state
Notwithstanding the name, many national banks do not have nationwide operations. Many have operations in only one city, county, or state. This is because of the
National banks should also be distinguished from federal savings associations, including federal
List of U.S. banks with "National Bank" in their name
- First National Bank (Mobile, Alabama)
- National Bank of Alaska
- Valley National Bank of Arizona
- City National Bank (California) in Los Angeles
- Crocker National Bank in San Francisco, California
- Florida National Bank in Jacksonville, Florida
- Atlantic National Bank in Jacksonville, Florida
- Citizens & Southern National Bank in Atlanta, Georgia
- Old National Bank in Chicago, Illinois
- American Fletcher National Bank in Indianapolis, Indiana
- First National Bank of Davenport, Iowa
- First National Bank of Mason City, Iowa
- First National Bank (Mount Pleasant, Iowa)
- Michigan National Bank
- National Bank of Detroit, Michigan
- First National Bank of Omaha, Nebraska
- Broad Street National Bank in Trenton, New Jersey
- Marine National Bank in Wildwood, New Jersey
- National Bank of Commerce in New York
- Fourth National Bank of New York
- Mechanics and Metals National Bank in New York City
- Franklin National Bank in Franklin Square, New York
- North Carolina National Bank
- Commercial National Bank in Charlotte, North Carolina
- Potters National Bank in East Liverpool, Ohio
- Delaware County National Bank in Chester, Pennsylvania
- Centennial National Bank in Philadelphia, Pennsylvania
- First National Bank (Philadelphia)
- Moody National Bank in Galveston, Texas
- Laredo National Bank, Texas
- Ranchlander National Bank in Melvin, Texas
- Woodforest National Bank in The Woodlands, Texas
See also
Notes
- ^ a b "What is the difference between a state and a national bank?". Department of Insurance and Financial Institutions (Arizona). Retrieved 8 May 2023.
- ^ a b "State bank: what it is, how it works, services". Investopedia. 26 July 2011. Retrieved 8 May 2023.
- ^ "National bank definition and meaning". Collins English Dictionary. 8 May 2023. Retrieved 8 May 2023.
- ^ 12 U.S.C. § 22.
- ^ 12 CFR § 5.20(e)(1)(i).
- ^ Beneficial National Bank v. Anderson, 539 U.S. 1 (2003).
- Cuomo v. Clearing House Association, L. L. C., 557 U.S. ___ (Supreme Court of the United States2009).
- ^ General Accounting Office (1993). Interstate Banking Benefits and Risks of Removing Regulatory Restrictions: Report to the Chairman, Committee on Banking, Housing, and Urban Affairs, U.S. Senate. Washington, D.C.: General Accounting Office. p. 19. Retrieved 19 November 2022.
- ^ "Chase Bank enters the Dakotas with new branches in both states". Grand Forks Herald. October 12, 2021. Retrieved November 19, 2022.