savings bank

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Savings bank

An institution that primarily accepts consumer savings deposits and to make home mortgage loans.

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.

savings bank

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.

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.

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.

References in periodicals archive ?
[H.sub.2]: Monetary policy actions have asymmetric effects on portfolio returns of savings institutions across different monetary policy environments.
Thus, in mid-2010, the mean and median concentrations of both MSA and rural banking markets were substantially lower than in 1999 (and in 1993 for MSA markets) even though there were far fewer banks and savings institutions in the United States in 2010 than in either 1993 or 1999.
Early Bird (Register by 07/29/11) Product Code: BANK11 AICPA National Conference on Banks & Savings Institutions
The Resolution Trust Corporation assists in liquidating the assets of insolvent savings institutions. The other organizations monitor and regulate the Nation's existing savings and loans.
However, a series for savings institutions' holdings of Treasury and agency securities cannot be computed, because of the lack of interest income detail; in particular, all savings institution securities and deposit assets are combined on the income statement and cannot be further decomposed into the constituent parts (except for mortgage-backed securities).
The Bank of Maine was organized in 1834 as Gardiner Savings Institution. In 2007, Gardiner Savings Institution changed its name to Savings Bank of Maine, and today it is known simply as The Bank of Maine, a wholly owned subsidiary of SBM Financial, Inc.
DSA Financial Corporation is the holding company for Dearborn Savings Bank, a federally chartered savings institution headquartered in Lawrenceburg, Indiana.
DSA Financial Corporation is the parent company for Dearborn Savings Bank, a federally chartered savings institution headquartered in Lawrenceburg, Indiana.
John Alexander, Northfield's Chairman of the Board stated, "Northfield is making a name for itself as a community-based savings institution.
In contrast, only one in five financial institutions used is a savings institution, and about one in ten financial institutions used is a credit union.
26 June 2017 - Texas, US-based state savings institution TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc.
The duo worked with the purchaser in the procuring a new first mortgage from a New York savings institution.