LAKEWOOD, Ohio, July 17, 2015 /PRNewswire/ -- First Federal Lakewood, the largest independent mutual bank headquartered in Ohio, announced today that it has received the required approvals from a majority of its members and from regulatory agencies (Federal Reserve, OCC and FDIC) to reorganize into a no-stock mutual holding company structure.
We are proud to be an independent mutual bank and have no plans to convert to a stock company," said Thomas J.
MUTUAL INSTITUTIONS REMAIN A STRONG AND VIABLE part of the industry, according to the recently released ABA annual Mutual Bank
According to the latest Australian Cash Report, mutual banks are suffering from low number of new consumers.
Mutual banks are considered the least secure segment, despite government guarantees.
CANYON COUNTRY - A Washington Mutual Bank
branch robbed March 2 was hit again Wednesday, but most of the money was recovered near the scene after a dye pack hidden with the cash exploded, officials said.
The study revealed that the total estimated cost to the FDIC of failure of mutual banks
was under $300 million as compared with $50 billion for all other banks since 1998.
WASHINGTON, June 1, 2011 /PRNewswire-USNewswire/ -- America's Mutual Banks
(AMB), a coalition of mutual financial institutions, submitted a letter in response to the request for comments made by the Board of Governors of the Federal Reserve System (Fed) in their notice of intent to apply certain supervisory guidance to savings and loan holding companies in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Notice).