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
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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
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It said, "Bank Zero will make use of a mutual bank licence.
the no-stock mutual holding company for First Federal Savings and Loan Association of Lakewood and First Mutual Bank, FSB, has said that it has completed its private placement of USD10.
As the largest independent mutual bank in the nation, Dollar Bank has been focused on its customers' needs for more than 162 years.
Dollar Bank, the biggest independent mutual bank in the US, on Tuesday has made an announcement on its strategy to buy Bank @Lantec of Virginia Beach.
The rating affirmation reflects (1) Moody's assessment of the standalone credit strength of the issuer's main operating entity Finbond Mutual Bank; and (2) Moody's view that Finbond Group Limited's creditors are structurally subordinate to those of Finbond Mutual Bank.
MUTUAL INSTITUTIONS REMAIN A STRONG AND VIABLE part of the industry, according to the recently released ABA annual Mutual Bank Survey.
Global Banking News-February 22, 2011--Har-Co Federal Credit Union looking for a mutual bank charter(C)2011 ENPublishing - http://www.
Primeau most recently was president of consumer and small business banking at Eastern Bank, a mutual bank in Boston, where he worked for the last 19 years.
A Washington Mutual bank branch on Royal Avenue was robbed Saturday for the second time in a month.
An account has been sent up at Washington Mutual Bank, and donations can be made at any branch; or mail to Washington Mutual Bank, 165 W.
Other area retailers include CVS Pharmacy, HSBC Bank, Chase Bank, Blockbuster Video and Washington Mutual Bank.
Lorenz said Pasadena Superior Court Judge Joseph DeVanon issued the warrant for Michael Mason Wolke, 58, who allegedly tried to steal a purse from a woman coming out of a Washington Mutual Bank at 620 N.