mutual savings bank

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mutual savings bank

n
(Banking & Finance) chiefly US a savings bank having no subscribed capital stock and distributing all available net profit to depositors who, however, remain creditors without voting power
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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Noun1.mutual savings bank - a state-chartered savings bank owned by its depositors and managed by a board of trustees
savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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Heritage Bank is Australia's third-largest mutual bank and is headquartered in Toowoomba.
Massachusetts, US-based North Easton Savings Bank and Massachusetts-based Mutual Bank have received final approval from the FDIC and Massachusetts Division of Banks to merge under the North Easton Savings Bank name, the companies said.
The company has been linked to the Gupta family and VBS Mutual Bank scandals that have gripped Africa's second-biggest economy.
In 2014, Eastern Bank of Boston, the oldest and largest mutual bank in the country, acquired Centrix Bank & Trust of Bedford.
Finally, Police Bank, QT Mutual Bank, Select Encompass Credit Union, South West Slopes Credit Union, Sydney Credit Union, Teachers Mutual Bank, The Mac (Macarthur Credit Union), Warwick Credit Union and Woolworths Employees' Credit Union are also getting Apple Pay support with the new deal.
With more than $1.8 billion in assets, Penn Community Bank is Pennsylvania's second largest mutual bank, large enough to compete - and thrive - alongside larger banking firms, while still offering personal service in every community it serves.
Summary: Teachers Mutual Bank is headquartered in Homebush, NSW, Australia.
MUTUAL INSTITUTIONS REMAIN A STRONG AND VIABLE part of the industry, according to the recently released ABA annual Mutual Bank Survey.
For example, the members of the $1.7 billion Technology CU in San Jose, Calif., voted overwhelmingly not to convert to a mutual bank in 2012.
Global Banking News-February 22, 2011--Har-Co Federal Credit Union looking for a mutual bank charter(C)2011 ENPublishing - http://www.enpublishing.co.uk
She is a retired vice president at Coast Federal Savings in California and Washington Mutual Bank.

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