News Topic: Mutual banks

3Rivers Federal Credit Union in Indiana will pay about $38 million for West End Bank. ... Read full article

Provident Bancorp, one of the nation's oldest active banks, is setting the stage to become a fully stock-owned company. ... Read full article

The Massachusetts mutual hired two former bankers from Blue Hills Bancorp, which was recently sold to Independent Bank. ... Read full article

The former credit union will shed its mutual status when it becomes a fully stock-owned company. ... Read full article

Hometown, which agreed to buy Millbury Savings Bank, has already completed one acquisition this year and has another pending. ... Read full article

Readers weigh legislative proposals on pot banking, consider JPMorgan's new digital coin, debate the Federal Deposit Insurance Corp.'s brokered deposit rules and more. ... Read full article

While proponents contend the model could help reach the underbanked, there remain many arguments against it. ... Read full article

Hometown Financial will merge Abington Bank into Pilgrim Bank. The combined bank will be run by Andrew Raczka, Abington's CEO. ... Read full article

Her guidance of a former credit union through the crisis and into a profitable bank, her advocacy for reg relief and other industry priorities, and her vocal support of women seeking to knock down many of the same workplace barriers she faced make her one ... Read full article

The mutual holding company received regulatory approval to form a limited-purpose commercial bank, allowing it to work around a state law barring mutuals from working with municipalities. ... Read full article

A proposal to let certain thrifts operate like national banks blurs the line even further between the two institution types. ... Read full article

Cape Cod Five Cents Savings Bank has transformed its summer intern program so that it is more structured and attracts students who could see themselves staying in the industry. ... Read full article

The central bank’s dividend waiver rule has severely limited the formation of mutual holding companies. ... Read full article

The leader of an Ohio mutual is urging his peers to follow the lead of credit unions by forming groups to share technology and collaborate on lending and deposit gathering. ... Read full article

Thomas Fraser will step down as president and CEO of First Federal Lakewood and instead focus on overseeing the mutual's holding company. ... Read full article

Call it mutual respect. Bankers from mutually owned British building societies and similarly structured U.S. thrifts recently gathered in New England to address common challenges and share ideas about staying relevant at a time of rapid change in financial ... Read full article

The Pittsburgh bank opted to give more than half of its employees $2,000 pay hikes instead of the bonuses handed out by many rivals. ... Read full article

Dollar Bank has applied to form a mutual holding company as it nears a key regulatory threshold. ... Read full article