A state bank is one that is owned and operated by a state government. Such organizations often sell and buy federal bonds, have competitive interest rates, and are highly regulated.
If people want to ensure that their money is safe, such a state bank is often considered one of the best around. However, to open and maintain an account with such a group, one will need a solid credit score and may even have to be referred or related to a state employee.
Click for the full glossary of credit card terms.