News Topic: Mutual banks

Mid-Southern Bancorp could use proceeds to make more loans or to pursue acquisitions. ... Read full article

A recent acquisition that was highly dilutive, and a lack of suitable mutual targets, could spur HarborOne Bancorp to pursue a second-step conversion. ... Read full article

The mutual has agreed to buy Cape Ann Insurance, which specializes in personal insurance products. ... Read full article

Savings Bank of Walpole and New Hampshire Mutual Bancorp believe merging help them preserve a banking model that has faced pressure in recent years. The CEO at Savings Bank will also replace New Hampshire Mutual's retiring leader. ... Read full article

The Boston mutual, which lost its innovation team when it spun off Numerated last year, has hired a State Street executive to oversee a plan to encourage all employees to be more creative. ... Read full article

Stilwell Group and Jeffrey Thorp will gain board seats in exchange for a vow to refrain from waging proxy battles against MB Bancorp. ... Read full article

The Boston mutual touted Deborah Jackson's role in promoting social justice and sustainability causes. ... Read full article

A bull market and investor appetite for bank stocks are spurring more mutuals to consider partial conversions. ... Read full article

Columbia Financial will sell about 43% of its stock in a public offering that could raise up to $493 million. ... Read full article

The mutual, which agreed to buy First Colebrook Bancorp, had recently opened a limited-service branch in Portsmouth, N.H. ... Read full article

The ranks of mutually owned banks are in decline. Survivors say sharper marketing, better access to capital and lower barriers to entry could stop the bleeding. ... Read full article

Former Inter-State Federal account holders believe they were shortchanged by the Missouri mutual's merger. A ruling in their favor could give depositors more power and could undermine what it means to be a mutual. ... Read full article

First Mutual Holding and Doolin Security Savings Bank are planning to create a mutual with nearly $100 million in assets. ... Read full article

From SoFi to Venmo, fintech competitors are creating a customer experience that is so fast and easy community bankers like Julieann Thurlow cannot help but worry. ... Read full article

The mutual's conversion could bring in up to $22.5 million in proceeds. ... Read full article