savings bank

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Related to Savings Banks: Mutual Savings Banks

Savings bank

An institution that primarily accepts consumer savings deposits and to make home mortgage loans.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Federal Savings and Loan Association

A federally chartered bank that specializes in taking deposits for checking and savings accounts, as well as making home mortgages. Savings and loan associations tend to be smaller than other banks and are more focused on the local communities in which they operate. It is sometimes (but not always) easier to obtain a loan from a savings and loan association because it may have better knowledge of the local market. They derive most of their funds from customer savings accounts, but they also generally have easy access to loans from the Federal Home Mortgage Banks. They are also known as thrifts. They are regulated by the Office of Thrift Supervision.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

savings bank

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

savings bank

a BANK which offers clients a variety of savings accounts to attract deposits, mainly from the general public, and which specializes in investments in financial securities such as STOCKS and SHARES and government BONDS. In recent times, however, some savings banks, such as the Trustee Savings Bank, have become JOINT-STOCK COMPANIES and operate more like the COMMERCIAL BANKS, offering their clients money transmission services (cheque books and credit cards), bank loans and mortgages, and other financial services.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

savings bank

a financial institution that accepts deposits from savers and that specializes in investments in stocks and shares and government securities. Some of the larger savings banks now offer depositors COMMERCIAL BANK facilities (for example, the use of a cheque book). See also FINANCIAL SYSTEM.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

savings bank

Originally organized under individual state supervision as a vehicle for cash workers to deposit their earnings. The industry remained small until the mid-1980s, when savings banks became a federally chartered alternative to the savings and loan associations,whose insurance fund was bankrupt.Savings banks could be protected under the Bank Insurance Fund of the FDIC.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
However, savings banks say it is unfair for the sector to be held responsible for the misdeeds of their "old, bad fellows."
PR Savings Bank is a member of the Ropali Group of Companies, a mid-sized conglomerate that is a leading player in the motorcycle and agricultural machinery trade.
Qatar promised 300 million euros ($425 million) of investment for the savings banks in February and Abu Dhabi has said it will invest 150 million euros in one unnamed savings bank.
Barcelona-based La Caixa and the largest savings bank Bankia have both said they plan stock market listings, as has Banca Civica, a small bank resulting from the merger of savings banks from northern regions and the Canary Islands.
Hancock, chief executive officer, North American Savings Bank, Grandview, Missouri
Savings Bank Plc reported an operating loss of EUR0.98m for the financial period January-March 2004.
He won 45 votes in a runoff race, routing the runner-up former Korea Investment Savings Bank CEO Nam Young-woo who garnered 28 votes.
What is important are the microinsurance in the countryside that we cannot reach," he added.UnionBank's City Savings Bank Inc.
South Korea's Woori Finance Holdings Company (053000.SE) and Hana Financial Group Inc (086790.SE) have submitted initial bids to buy the troubled savings banks put up for sale by the government, Dow Jones has reported, citing people familiar with the matter.
On March 17, the Financial Services Commission (FSC) unveiled measures to tighten supervision on savings banks. Acknowledging that many savings banks have been vulnerable to improper practices of their largest shareholders, the FSC plans to toughen controls on the major shareholders and hold them more accountable for the banks' business operations.

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