mutual savings bank
noun[C]
BANKING,FINANCEukusin the US, abankthat does not haveshareholdersand canshareitsprofitswith thepeoplewhosavewith thebank
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stock savings bank
Examplesofmutual savings bank
mutual savings bank
Some have questioned whether these conversions are in the best interests of the credit union members, and have compared them to themutualsavingsbankconversion raids of the 1980s.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Unlike commercial banks, savings banks have no stockholders; the entirety of profits beyond the upkeep of the bank belongs to the depositors of themutualsavingsbank.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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