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Mutual bank information


A mutual bank is a cooperative financial institution owned by its depositors or customers. They include mutual organization, mutual savings banks and cooperative banking. Unlike traditional banks, which prioritize shareholder profits, mutual banks focus on serving their members' interests.[1] They reinvest profits back into the institution to benefit customers, offer a range of banking services, and often have a community-oriented approach.[2] Regulations around mutual banking vary by country.

  1. ^ Witman, Alden (March 22, 2023). "What is a Mutual Bank?". Main Street Bank.
  2. ^ "Banker Resource Center - Mutual Institutions". Federal Deposit Insurance Corporation. May 12, 2023.

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Washington Mutual

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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. It was the parent company of WaMu Bank, which...

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Mutual bank

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A mutual bank is a cooperative financial institution owned by its depositors or customers. They include mutual organization, mutual savings banks and...

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VBS Mutual Bank

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VBS Mutual Bank was a South African mutual bank. In 2018 it was declared insolvent and bankrupt and placed under curatorship, with South African citizens...

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Mutual savings bank

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A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe...

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List of banks in Australia

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Australian Military Bank". www.australianmilitarybank.com.au. Retrieved 6 July 2023. "About us | Australian Mutual Bank". australianmutual.bank. Retrieved 30...

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Teachers Mutual Bank

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Teachers Mutual Bank Limited (formerly the New South Wales Teachers Credit Union) is a mutual banks in Australia, with more than 200,000 members and assets...

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Mutual Trust Bank Limited

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Mutual Trust Bank PLC (Bengali: মিউচুয়াল ট্রাস্ট ব্যাংক লিমিটেড) is a private commercial bank headquartered in Dhaka, Bangladesh. Md Abdul Malek, chairman...

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Qudos Bank

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Qudos Mutual Limited, trading as Qudos Bank, is an Australian mutual bank that provides retail banking products and services, including home loans, personal...

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List of banks in South Africa

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Unicredit Bank AG Union Bank of Nigeria Plc Wells Fargo Bank Zenith Bank Plc GBS Mutual Bank VBS Mutual Bank Finbond Mutual Bank Bank Zero YWBN Mutual Bank Development...

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Mutual of Omaha

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Mutual of Omaha is a Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. Founded in 1909 as Mutual Benefit Health & Accident...

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Mutual organization

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Building Society – New Zealand Mutual banks and mutual savings banks Greater Bank – Australia SBS Bank – New Zealand Mutual healthcare providers Benenden...

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Think Mutual Bank

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Think Bank is an American mutual bank based out of Rochester, Minnesota. It has eight full locations across Minnesota, as well as ten ATM locations without...

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Building society

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Ireland and several Commonwealth countries, including South Africa as mutual banks. They are similar to credit unions, but rather than promoting thrift...

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Bank First

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Bank First, formerly known as Victoria Teachers Mutual Bank, is an Australian financial institution based in the state of Victoria. As a mutual bank, Bank...

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JPMorgan Chase

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combining Chase Manhattan Bank, J.P. Morgan & Co., and Bank One, as well as asset assumptions of Bear Stearns, Washington Mutual, and First Republic. Predecessors...

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Eastern Bank

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Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and...

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SBI Mutual Fund

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SBI Mutual Fund is an Indian asset management company introduced by the State Bank of India (SBI) and incorporated in 1987 with its corporate head office...

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Chase Bank

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the deposits and most assets of Washington Mutual. In May 2023, it acquired the assets of First Republic Bank. Chase offers more than 5,100 branches and...

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Economic Freedom Fighters

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Following the publication of a South African Reserve Bank report into the collapse of VBS Mutual Bank implicating EFF deputy president Floyd Shivambu's brother...

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Old Mutual

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Mutual Insure on 5 June 2017, and is now a part of the Old Mutual Emerging Markets business. In 1973, Old Mutual acquired shareholding in Nedcor Bank...

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Dollar Bank

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Colton recognized the need for a mutual bank to serve the interests of the working class. On July 19, 1855, Dollar Bank opened for business as "The Pittsburgh...

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Bank state branch

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A Bank State Branch (often referred to as "BSB") is the name used in Australia for a bank code, which is a branch identifier. The BSB is normally used...

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IMB Bank

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IMB Bank is an Australian mutual bank established in 1880. In 2020, IMB Bank was voted by Forbes as one of the World's Best Banks, and, in 2022, was found...

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National Mutual Royal Bank

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The National Mutual Royal Bank (NMRB) was an Australian bank. Founded in February 1986 by National Mutual and the Royal Bank of Canada, it opened with...

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Greater Bank

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Greater Bank is an Australian customer-owned bank and now a brand of Newcastle Greater Mutual Group, an organisation formed through the merger between...

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Heritage Bank

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Heritage Bank Limited is Australia's second-largest mutual bank. Its head office is in Toowoomba, Queensland. The bank has over 62 branches and mini-branches...

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Cooperative banking

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by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such...

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Banking in Australia

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Adelaide Bank, Suncorp Bank, and a large number of other financial institutions, such as credit unions, building societies and mutual banks, which provide...

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