MSB

Also found in: Dictionary, Thesaurus, Acronyms, Encyclopedia, Wikipedia.

Mutual Savings Bank

A savings and loan association that has no stockholders and, as a result, reinvests all profits in itself. Most mutual savings banks are owned by their depositors and borrowers. Because there are no stockholders to please, mutual savings banks are often very conservative with how they invest deposits. As a result, they tend to survive periods of financial distress relatively well. This was especially true during the Great Depression. In the United States, most mutual savings banks are in the Northeast.

MSB

See mutual savings bank.

Mentioned in ?

mutual savings bank

References in periodicals archive ?

It also came two days after parliament released a report on the proposed deal in which they recommended that the government should instead work on the bank's recapitalisation over the next four years, by which time, the report said, the MSB would have regained its financial stability.

Malawi - Controversy as government sells Malawi Savings Bank

He went on to express concern that "banks have been indiscriminately terminating the accounts of all MSBs, or refusing to open accounts for any MSBs.

Dealing with high-risk clients and final advice for maintaining an effective AML compliance program

The professors at MSB are very passionate about their jobs and subjects; their aim is to contribute to the students' development and make a positive change to our future.

Unique experience: infinite possibilities for success

It was a great privilege for the MSB team to meet so many talented and ambitious Bahrainis and we look forward to working with Jobs4Bahrainis and Tamkeen in the future," he added.

Key seminar boost for Bahraini job-seekers

Two representatives from Decision Insight, a portfolio company of TPG, and one representative from TPG, have also been elected to the Automated Benefits board of directors: Chris Cartwright, CEO, MSB and Decision Insight; Chris Jutkiewicz, CTO, Decision Insight; and Nehal Raj, a principal in the technology group of TPG.

Symbility purchases MSB claims division

More than four-fifths (83 per cent) of accountants said MSB clients had also experienced decreased sales margins.

'Squeezed middle' halting growth plans in Midlands

After the appeal, the LSC awarded MSB the full 40 points.

City firm wins appeal bid to handle family legal aid work

If Eyjafjallajokull had a VEI ranking of 4, an eruption ten times as powerful would have a VEI figure of 5 -- according to MSB, such an explosion would release between 1 and 10-billion cubic meters of tephra and have a plume soaring 25 kilometers into the sky.

Another volcanic eruption in Iceland?

To make the KU MSB SCM program successful, coordination and mutual understanding between both campuses enables the students to manage both programs.

Earning a graduate degree at ILE: intermediate-level education students now can earn a master's degree in supply chain management and logistics from the University of Kansas while they attend the Army Command and General Staff College

At the beginning of September, MSB, based in Bromley, Kent, was proposed to be bought by Keyman under a scheme of arrangement, whereby, with the sanction of a court, a company can be taken over if 75% of the shares voted are in favour.

Drawing up 11th hour deal; in association with Robert muckle inside a deal

In order to improve awareness of, and disseminate knowledge about, the expanded BSA and related MSB issues, a recent Tax Talk Today webcast featured a panel of IRS officials and tax experts.

Requirements for money service businesses under the Bank Secrecy Act

With new federal filing requirements imposed on money service business activities, it is more important than ever that CPAs understand MSB definitions and requirements, and educate their clients accordingly.