Born two centuries ago, savings banks burnished the reputation of the banking industry and taught the virtue of thrift.
Browsing: Mutual Banks
As a mutual community bank celebrates its 150th birthday, it offers lessons for the future of banking.
The OCC and FDIC will host a joint forum for mutual institutions on August 4 in Arlington, Va.
A total of 130 OCC-regulated savings associations signed onto an ABA letter today thanking Congressional leaders for supporting legislation that would allow institutions chartered under the Home Owners’ Loan Act to elect to operate more like banks without having to change their charters — a key part of ABA’s Agenda for America’s Hometown Banks.
Armed with insight and tailored educational outreach, these banks are catering to nontraditional customers that, in turn, boost their bottom lines.
Sens. Heidi Heitkamp (D-N.D.) and Jerry Moran (R-Kan.) today introduced ABA-advocated legislation that would allow institutions chartered under the Home Owners Loan Act to elect to operate more like national banks without having to change their charters.
Speaking today at ABA’s Mutual Community Bank Conference, Rep. Keith Rothfus (R-Pa.) provided an update on two key pieces of legislation he introduced that are part of ABA’s Agenda for America’s Hometown Banks.
An increasing number of bankers believe their regulatory examiners understand the mutual model, according to ABA’s annual survey of the nation’s mutual institutions, which was released today as the association kicks off its Mutual Community Bank Conference in Washington, D.C.
The House Financial Services Committee yesterday approved by a voice vote a bipartisan bill that would allow thrifts chartered under the Home Owners’ Loan Act to elect to receive the lending powers — and compliance responsibilities — of national banks without changing their HOLA charters.