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LeoGlossary: State Banking Department

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The overseer in each state (in the US) for the state banks. It supervises all activities and affairs pertaining to the banks.

Entities that typically are under their regulatory authority:

  • state-chartered banks
  • credit unions
  • savings and loan associations
  • trust companies
  • money order companies.
  • money transmitters

The regulations will vary from state-to-state.

LeoGlossary: State Banking Department | Ecency