Mutual banks

Mutual holding company pioneer dies after long cancer battle


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


Maine mutual banks plan merger


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


Nation's oldest mutual bank plans IPO to meet post-pandemic challenges


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.


New York mutual plans second-step conversion


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


Massachusetts mutual taps insider as its next chief


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


Banks try pooling resources to help defray AML costs


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


William Penn Bancorp to acquire pair of Philadelphia-area mutuals


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


Columbia Financial expanding in N.J. with Roselle Bank acquisition


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


One community banker's plan to reach the underbanked


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.


First Federal parent announces merger with Cincinnati mutual


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