### Question
How does FEDERAL DEPOSIT INSURANCE CORPORATION define State bank?


### Answer
Under *12 U.S.C. § 1813*, **State bank** is defined as:

> any bank, banking association, trust company, savings bank, industrial bank (or similar depository institution which the Board of Directors finds to be operating substantially in the same manner as an industrial bank), or other banking institution which—


(A) is engaged in the business of receiving deposits, other than trust funds (as defined in this section)

#### Citation:
  - *12 U.S.C. § 1813*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

