Word forms: (regular plural) national banks
nounTypes of BankThe following are all types of bank:commercial bankcorrespondent bankcustodian bankinvestment bank (Finance: Banking) A national bank is a bank in the US that is regulated by the OCC. ⇒ A commercial bank obtains a charter either from the Comptroller of the Currency in the case of a national bank or from a state banking authority in the case of a state bank. ⇒ A national bank may charge the maximum rate of interest permitted by state law for any state-chartered or state-licensed lending institution. ⇒ A national bank is a bank in the US that is regulated by the OCC.
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