mutual savings bank

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Related to mutual savings bank: savings and loan association

Mutual savings bank

A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees.

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.

mutual savings bank (MSB)

A deposit-gathering thrift institution that chiefly makes mortgage loans. Mutual savings banks, typically located in the northeastern states, are organized much like savings and loan associations. MSBs are technically not depositor-owned, although all are state-chartered. Also called savings bank.
References in periodicals archive ?
McKinley Mutual Savings Bank has never had a money-losing quarter, even when tumbling real estate prices caused crises for bigger banks.
For a menu of First Mutual Savings Bank press releases or to retrieve a specific release, call 1-800-IRNEWS9, extension 108215, or http://www.
Headquartered in Bellevue, First Mutual Savings Bank operates eight full-service offices in the Seattle metropolitan area.
Headquartered in Bellevue, First Mutual Savings Bank operates six full service offices in the Seattle metropolitan area.
According to Paul Bourke, BISYS president and chief operating officer, "Everett Mutual Savings Bank is one of the most progressive, sales-oriented organizations we have worked with recently.
In DE043, Mutual Savings Bank Reports Third Quarter 1995 Results,
The offering was oversubscribed by eligible account holders at Community Mutual Savings Bank as of March 31, 2005.
25 /PRNewswire/ -- First Mutual Savings Bank (Nasdaq: FMSB) today reported that the trustee for its Employee Stock Ownership Plan (ESOP) will sell 10,883 shares of its common stock on the open market.
June 22 /PRNewswire/ -- First Mutual Savings Bank (Nasdaq: FMSB) today announced its board of directors has declared a 10% stock dividend to be issued August 16, 1995 to shareholders of record on July 27, 1995.
the parent of Beneficial Mutual Savings Bank (together, "Beneficial"), and FMS Financial Corporation (NASDAQ:FMCO), the parent of Farmers and Mechanics Bank (together, "FMS"), have signed a definitive merger agreement.
Third Century Bancorp (OTCBB:TDCB), an Indiana corporation and parent company of Mutual Savings Bank announced today that on August 23, 2006 the Board of Directors declared a quarterly cash dividend of $0.
April 20 /PRNewswire/ -- The following was released by Mutual Savings Bank, f.

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