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 to a common fund. From this fund, claims, loan
Mutual savings banks are common in New England. New Bedford Institution For Savings was founded in 1825, and converted from mutual to stock status in 1987.
Savings and loan association
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A savings and loan association, or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. While the terms "S&L" and "thrift"
Mutual savings bank
…what allowed mutual savings banks to remain stable throughout the turbulent period of the Great Depression, despite the failing of commercial banks and savings and loan associations. Marquette Savings Bank is a great example of this, having been praised by The Economist for its performance during the 2008 financial crisis. Bank…
Detroit Federal Savings and Loan Association Building, Detroit, Michigan
PSFS Building, Walnut and Seventh Streets, Philadelphia.