First Mutual Bank in 50 Years Soon to Open in New England
The U.S. will soon see a new mutual bank launch for the first time in nearly 50 years now that bank regulators have approved a New Hampshire-based de novo bank.
The U.S. will soon see a new mutual bank launch for the first time in nearly 50 years now that bank regulators have approved a New Hampshire-based de novo bank.
The backers of a new mutual bank under organization in New Hampshire say their effort could provide a template for a wave of new, mission-driven lenders and give a boost to existing mutual banks.