Bank Receiver Law and Legal Definition

Bank receiver is a bank acting in the capacity of a receiver or a person designated by statute or appointed to take charge of the assets of an insolvent bank and conserve them for liquidation or reorganization of the bank.

The receiver of an insolvent national bank is an officer of the U.S. [Pufahl v. Estate of Parks, 299 U.S. 217, 225 (U.S. 1936)].