Meaning of “national bank” in the English Dictionary

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"national bank" in Business English

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national banknoun [ C ]

uk us BANKING

→  central bank

in the US, a private bank that is a member of the Federal Reserve System and provides its services to people and businesses:

The biggest national banks charged the highest fees, according to the report.

(Definition of “national bank” from the Cambridge Business English Dictionary © Cambridge University Press)