News Topic: Mutual banks

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The depositor-owned banks are discouraged from participating in the Emergency Capital Investment Program because they can't issue preferred stock to back loans for underserved communities. It's another reason to overhaul their capital rules, ... Read full article

Though it is unclear why Rhinebeck Bancorp is looking to form Rhinebeck Commercial Bank, other mutual banks have pursued the strategy to work around a state law barring them from working with municipalities. ... Read full article

Jane Allerman-Rey, the mutual's chief operating officer, will take on the new role in January. ... Read full article

First Mutual Holding has agreed to buy Martinsville First Savings Bank, which will retain its charter, brand and management team. ... Read full article

The New Jersey company will add three branches in the northern part of the state as part of the transaction. ... Read full article

A state judge deciding a dispute between Spencer Savings and an investor said the mutual must get an independent review before switching from a savings association to a savings bank. The ruling may complicate mutuals' efforts to make more business ... Read full article

Eric Luse, who co-founded the Luse Gorman law firm, helped Community Bank Shares of Indiana create the first MHC in the early 1990s. ... Read full article

Kennebec Savings Bank will have $1.3 billion in assets after it absorbs Kennebec Federal Savings and Loan Association of Waterville. ... Read full article

Eastern Bank in Boston could raise as much as $1.7 billion to spend on acquisitions and technology investments that it says will be necessary to respond to customers' increasing preference for digital tools. ... Read full article

Seneca-Cayuga Bancorp's capital levels have fallen steadily since peaking in 2013. ... Read full article

Jonathan Dowst will become president in July and CEO a year later. ... Read full article

A North Carolina group is trying to take regulators' cue to work together. A successful effort could encourage others to follow its lead. ... Read full article

The company will merge Fidelity Savings and Loan and Washington Savings Bank into its own bank. ... Read full article

The company will enter three counties in its home state after it buys Roselle. ... Read full article

Julieann Thurlow says Reading Cooperative Bank in Massachusetts is well positioned to help immigrants and millennials. Technology is crucial to serving both groups, she says. ... Read full article

Warsaw Federal will keep its name and charter after joining First Mutual Holding in Lakewood, Ohio. ... Read full article