Calvin Coolidge, Bank President
For Presidents Day, the ABA Banking Journal presents this selection from its archive, a reflection on the service of then-President Calvin Coolidge at a Massachusetts savings bank.
Browsing: Mutual Banks
OCC Proposes New Round of EGRPRA-Recommended Rule Changes
As part of its ongoing actions to implement regulatory relief identified by the decennial Economic Growth and Regulatory Paperwork Reduction Act review, the OCC today proposed several rule changes and sought comments on prospective changes sought by ABA during the EGRPRA feedback process.
Podcast: Consciously Cultivating an Internal Talent Pipeline
After her bank’s CEO unexpectedly died a quarter century ago, Annette Russell was suddenly thrust into the top job at Security Federal Savings Bank in Logansport, Indiana. But if Russell has anything to do with it, the next transition won’t be so abrupt.
Leader of the Pod
Meet Puget Sound banker Laurie Stewart, who is chairing ABA in 2019-20.
Eighth Circuit Court Sides with Mutual Institutions in M&A Lawsuit
The Eighth Circuit this week delivered a win to mutual institutions when it dismissed a Missouri case in which two mutual thrift depositors claimed that they were entitled to a distribution of their thrift’s capital at the time the bank merged into another institution.
OCC Issues Resources on HOLA Flexibility Final Rule
As the OCC’s long-awaited HOLA flexibility rule took effect this week, the agency issued several documents to help bankers understand the new rule and provide guidance to institutions wishing to elect to become “covered associations.”
OCC Issues Long-Awaited Final Rule on HOLA Flexibility
The OCC has issued a long-awaited final rule implementing a new section of the Home Owners’ Loan Act permitting certain federal stock and mutual savings associations to elect the rights and duties of national banks.
OCC Names New Members to Mutual Advisory Committee
The OCC today named four bank CEOs to its Mutual Savings Association Advisory Committee, which advises the OCC about mutual banks, assesses their current condition, and offers feedback on regulatory changes affecting mutuals’ health and viability.
In New Hampshire, the Feeling Is Mutual
How three banks formed a mutual holding company to streamline operations while retaining high-value local New England brands.
In New Hampshire, the Feeling Is Mutual
A multibank mutual holding company validates its model by adding a third bank.