Fed proposes revising mutual bank rules for raising capital

The Federal Reserve Board proposed modernizing rules for mutual banking organizations that would increase flexibility for ...
American Banker

First new mutual bank in 50 years clears final regulatory hurdle

Organizers of Walden Mutual said the Federal Deposit Insurance Corp. has approved its application for deposit insurance, allowing the bank to move ahead toward a mid-November opening. It will be the ...
Business Wire

Walden Mutual Bank, a Sustainable Food-Focused Digital Bank, is Scheduled to Open to the Public in the Coming Weeks

CONCORD, N.H.--(BUSINESS WIRE)--On October 5th, 2022 Walden Mutual Bank—a new sustainable farm and food-focused digital bank—received full approval from both the FDIC and New Hampshire State Banking ...
American Banker

After 50 years, a new mutual bank will launch

Organizers of what would be the nation’s first de novo mutual bank in half a century say they’re nearly ready to open their doors. Processing Content Walden Mutual in Concord, New Hampshire, has ...
Reuters

Mutual bank conversions ebb, but still offer big upside

BOSTON (Reuters) - Parking your money at a mutual bank before it goes public is the best way to pull off a heist with no threat of jail time. For years, mom-and-pop depositors have made a lot of easy ...
Smart Business Magazine

How mutual banks benefit businesses and communities

Businesses have a number of choices when it comes to banking. Sometimes choosing a bank doesn’t center on a menu of products or current loan rates. Businesses may look at relationships between the ...
Smart Business Magazine

Why working with a mutual bank can help transform your business

From coast to coast, businesses have thousands of banking options. So, why should they choose a mutual bank? The answer is simple: the power of mutual banks lies in the community and everything it ...
The Motley Fool

Could Eastern Bank's IPO Prompt a Wave of Mutual Savings Bank Demutualizations?

The bank grew total assets by about $2 billion over the last five years, reaching $11.6 billion and representing about 21% growth. Maybe it wasn't doing a regular 10% compounded growth each year, but ...
Business Wire

Third Century Bancorp and Mutual Savings Bank Announce New Director

FRANKLIN, Ind.--(BUSINESS WIRE)--(OTCPINK: TDCB) - Third Century Bancorp and Mutual Savings Bank announced the appointment of a new director, Philip L. Powell. Mr. Powell’s appointment fills an ...