mutual savings bank

Other forms: mutual savings banks

Definitions of mutual savings bank
  1. noun
    a state-chartered savings bank owned by its depositors and managed by a board of trustees
    synonyms: MSB
    see moresee less
    type of:
    savings bank
    a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
Cite this entry
Style:
MLA
  • MLA
  • APA
  • Chicago

Copy citation
DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘mutual savings bank'. Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors. Send us feedback
Word Family