Mutual savings bank. A mutual savings bank is one conducted wholly for the benefit of the
depositors, who receive in the form of interest all profits over and above necessary expenses and
a moderate part of the profits set aside in a surplus fund to provide for unexpected losses or
contingencies.
depositors, who receive in the form of interest all profits over and above necessary expenses and
a moderate part of the profits set aside in a surplus fund to provide for unexpected losses or
contingencies.
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