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Meanings of mutual savings bank in English

A state-chartered savings bank owned by its depositors and managed by a board of trustees.

Usage of mutual savings bank in English
1
Bank Zero This bank will only function as a mutual savings bank and won't have any retail options.
The South African
2
Mutual savings banks are usually smaller, with limited services and are centred around savings and not credit.
The South African
3
Kane Salisbury had been in a bank when she married him; was cashier of the River Falls Mutual Savings Bank now.
The Treasure