mutual savings bank

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

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mutual savings bank mutual savings bank bank1

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mutual savings bank UK US noun [C] BANKING, FINANCE
in the US, a bank that does not have shareholders and can share its profits with the people who save with the bank
Compare STOCK SAVINGS BANK(Cf. ↑stock savings bank)

Financial and business terms. 2012.

Look at other dictionaries:

  • mutual savings bank — n. a state chartered savings bank owned by its depositors and managed by a board of trustees. Abbreviated {MSB}. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • mutual savings bank — ☆ mutual savings bank n. a savings bank that has no capital, its depositors sharing all the net profits …   English World dictionary

  • Mutual savings bank — For mutual banks, see mutualism (economic theory). Banking A series on …   Wikipedia

  • mutual savings bank — noun a state chartered savings bank owned by its depositors and managed by a board of trustees • Syn: ↑MSB • Hypernyms: ↑savings bank * * * noun : a bank organized without stock which receives savings deposits and whose earnings accrue entirely… …   Useful english dictionary

  • mutual savings bank — a noncapitalized savings bank that distributes its net earnings to depositors. * * * …   Universalium

  • mutual savings bank — noun a non capitalised savings bank distributing its profits to depositors …   Australian English dictionary

  • mutual savings bank — /ˌmju:tʃuəl seɪvɪŋz bæŋk/ noun a savings bank which is owned by the customers who have deposits with it …   Dictionary of banking and finance

  • mutual savings bank — Fin in the United States, a state chartered savings bank run in the interests of its members. It is governed by a local board of trustees, not the legal owners. Some of these banks have recently begun offering accounts and services that are… …   The ultimate business dictionary

  • mutual savings bank — A bank organized by depositors, whose interest is shown by certificates of deposit, for the purpose of furnishing a safe depositary for money of members. It need not be incorporated or under supervision unless state law so requires. A C… …   Black's law dictionary

  • Mutual Savings Bank - MSB — A type of thrift institution, originally designed to serve low income individuals, that historically invested in long term, fixed rate assets such as mortgages. Initiated in 1816, the first mutual savings banks (MSBs) were the Philadelphia Saving …   Investment dictionary

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