National Bank: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: National Bank

  • a bank that operates under federal charter and is legally required to be a member of the Federal Reserve System
  • a bank owned or controlled by the state that acts as a bank for the government and implements its monetary policies

Additional Resources

NAB back from the brink: after a difficult period in the early 2000s, National Australia Bank is now more dynamic and more profitable than ever
BEST NATIONAL FINANCIAL INSTITUTION National Australia Bank NOMINEES: AMP, ANZ, Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank, St.George Bank, Suncorp Metway, Westpac National Australia Bank is a truly international financial services organisation that provides a comprehensive, integrated range of financial products and services. ...
Tags: bank, FINANCE, financial, National Australia Bank
Research articles 2007-06-15
Michigan National will offer Standard Fed mortgages.(Brief Article)
Michigan National Bank will begin offering Standard Federal Bank mortgage products when Standard Federal's parent company, ABN Amro Bank N.V., completes its $2.75 billion purchase of Michigan National on April 2. ABN Amro is buying Michigan National from National Australia Bank Ltd. and...
Tags: ABN AMRO, bank, Federal Reserve Board, mortgage
Research articles 2001-03-26
Deutsche Bank Appointed as Depositary Bank for the Global Depositary Receipt Program of Hatton National Bank Limited
LONDON -- Deutsche Bank today announced its appointment as depositary bank for the Luxembourg Stock Exchange-listed Regulation S Global Depositary Receipt GDR program of Hatton National Bank Limited Hatton National Bank. E[acute accent]Hatton National Bank was established in 1888 as the "Hatton Bank" to cater to the flourishing tea industry...
Tags: Deutsche Bank AG
Research articles 2005-06-17
Abbey targeted by National Australia
NATIONAL AUSTRALIA Bank is poised to go on an acquisitions trail in the UK and Ireland with mortgage bank Abbey National seen as its first takeover target. The Australian financial group is seeking a separate stock market listing for its European operations - which include Glasgow-based Clydesdale Bank, Yorkshire Bank,...
Tags: acquisition, bank, FINANCE, Investment, National Australia Bank, U.K.
Research articles 2000-04-16
City National Expands Into Inland Empire; Riverside National Bank to Merge Into City National Corporation
BEVERLY HILLS, Calif.--BUSINESS WIRE--Oct. 16, 1996--City National Corporation and Riverside National Bank today announced that they have signed a definitive agreement in which Riverside National Bank will be merged into City National Bank in a transaction totaling $39 million. Riverside National Bank shareholders will receive, at their election, cash,...
Tags: bank
Research articles 1996-10-16
The National Bank Launches a New National Bank/Fidelity Fund.
MONTREAL, QUEBEC, NOVEMBER 13, 2001 National Bank Securities Inc., a wholly-owned subsidiary of National Bank of Canada, announced the launch of a new fund in its National Bank/Fidelity Fund Family. The new fund-on-fund is known as the National Bank/Fidelity True North Fund and is...
Tags: Benefits, Fidelity Investments, FINANCE, Insurance, Investment
Research articles 2001-11-13
NAB explores merger with Abbey National.
Jul 15, 2002 The Asian Wall Street Journal ABIX via COMTEX -- Merger talks are taking place between Abbey National and the National Australia Bank. Morgan Stanley is the adviser of Abbey National, a financial institution in the UK. National Australia Bank has had...
Tags: Banking, FINANCE, Investment, merger, National Australia Bank, U.K.
Research articles 2002-07-15
National Australia Bank is set to buy Michigan National
After a six-year search for a way to gain a foothold in the US, the National Australia Bank Ltd. has found one with its agreement to acquire Michigan National Corp., the owner of Michigan National Bank. Long considered as a takeover target, Michigan National, with $8.7 billion in assets has...
Research articles 1995-02-20
National Bank of Canada: General Trust Adopts New Name.
MONTREAL,QUEBEC, NOVEMBER 8, 2001 General Trust, a wholly owned subsidiary of the National Bank since 1993, has officially changed its name to include that of its parent company. In so doing, National Bank Trust has further strengthened its alliance with the impressive financial group...
Tags: administration, Bank of Canada, Benefits, FINANCE, financial, Investment
Research articles 2001-11-08
Think National, act local.
Apr 17, 2002 The Bulletin ABIX via COMTEX -- The National Australia Bank did not have to deal with extensive or long-lasting controversy over its reorganisation program. That does not mean that the Australian banking institution does not have challenges. The head of the...
Tags: bank, Banking, National Australia Bank
Research articles 2002-04-17
Developers Diversified Realty Corporation enters into a $150 million unsecured revolving credit facility
CLEVELAND--BUSINESS WIRE--May 2, 1995--Developers Diversified Realty Corporation has entered into a $150 million unsecured revolving credit facility with a bank group agented by The First National Bank of Chicago and The First National Bank of Boston. Members of the bank group also include: BHF - Bank; Dresdner Bank, AG;...
Tags: bank
Research articles 1995-05-02
JPMorgan Chase & Co. Completes Merger of Its Lead Banks; Merged Bank is JPMorgan Chase Bank, National Association
NEW YORK -- JPMorgan Chase & Co. (NYSE: JPM) announced that the merger of JPMorgan Chase Bank, Bank One, N.A., Chicago, Illinois, and Bank One, N.A., Columbus, Ohio became effective November 13, 2004. Immediately prior to the merger, JPMorgan Chase Bank converted its charter to a national bank. The name...
Tags: bank, J.P. Morgan Chase & Co., merger
Research articles 2004-11-15
National Bank Increases its Prime Rate
MONTREAL -- National Bank of Canada increases its prime rate from 5.25 % to 5.50 %, effective March 8, 2006. About National Bank of Canada National Bank of Canada (TSX:NA) is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and...
Tags: bank, Bank of Canada, Banking, Benefits, FINANCE, Investment, SMB/SME
Research articles 2006-03-07
Abbey's door opens again for NAB.
Oct 20, 2002 (The Courier-Mail - ABIX via COMTEX) The new CEO of United Kingdom banking group Abbey National has left open the possibility of another merger bid by National Australia Bank. While Abbey National recently rejected overtures from National Australia Bank and the...
Tags: Banking, CEO, FINANCE, Investment, National Australia Bank
Research articles 2002-10-20
National Bank Decreases its Prime Rate
National Bank of Canada (TSX: NA) decreases its prime rate from 4.50% to 4.25% effective October 14, 2008. About National Bank of Canada National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core...
Tags: bank, Bank of Canada, Banking, Benefits, FINANCE, Investment, MARKETING, SMB/SME
Research articles 2008-10-10
Eastern National Bank to join Union Planters Corporation
MEMPHIS, Tenn.--BUSINESS WIRE--May 25, 1995--Union Planters Corporation (NYSE:UPC) and Eastern National Bank jointly announced today that the two financial services companies have executed a definitive agreement for the acquisition of Eastern National Bank by Union Planters.The announcement was made by Union Planters Chairman and CEO Benjamin W. Rawlins Jr. and...
Tags: Business Wire, FINANCE, Investment, Memphis
Research articles 1995-05-25
Bank of America to Buy National Processing Inc. for 2.94 Times Revenue
The Deal: Bank of America Corporation has agreed to acquire National Processing Inc. in a cash transaction worth over $1.4 billion. Bank of America will pay $26.60 for each share of National Processing. Bank of America will combine National Processing with its own merchant-services division, creating the second largest bank-card...
Tags: Bank of America Corp.
Research articles 2004-07-19
Heist costs NAB $5 million in bank sale.(National Australia Bank Ltd.)(Brief Article)
Mar 16, 2005 (Independent Financial Adviser - ABIX via COMTEX) National Australia Bank has sold Northern Bank and the National Irish Bank to Danske. The institution made a $A1.1 billion profit on the sale. Over $A64 million was stolen from Northern Bank shortly after news...
Tags: bank, FINANCE, National Australia Bank, Republican
Research articles 2005-03-16
Punjab National Bank set to expand
Punjab National Bank is awaiting Reserve Bank of India's ok for taking over troubled Nedungadi Bank on a no-profit no-loss basis while reworking its plans to foray into the insurance sector by this fiscal.
Research articles 2003-04-08
Fallout from First Union. (Charles Hughes Jr. leaves to go to Baptist Health Services Inc.; J. Malcolm Jones Jr. new CEO of American Federal Savings Bank of Duval County) (People & Changes)
The fallout continues from the merger between Florida National Bank and First Union National Bank. The fallout continues from the merger between Florida National Bank and First Union National Bank.
Tags: fallout, First Union
Research articles 1990-10-01
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