CIT Bank N.A., the banking subsidiary of CIT Group, announced Thursday that it acquired Mutual of Omaha Bank, the banking arm of insurance giant Mutual of Omaha, for $1 billion. The acquisition was ...

BOSTON (Reuters) - Parking your money at a mutual bank before it goes public is the best way to pull off a heist with no threat of jail time. For years, mom-and-pop depositors have made a lot of easy ...

Clay Adams, CEO of Mascoma Bank, will serve as Chief Executive Officer of the new holding company, to be called ClearNorth Financial Mutual Holding Company, and Neil Kiely, CEO of Androscoggin Bank, ...

From coast to coast, businesses have thousands of banking options. So, why should they choose a mutual bank? The answer is simple: the power of mutual banks lies in the community and everything it ...

Organizers of Walden Mutual said the Federal Deposit Insurance Corp. has approved its application for deposit insurance, allowing the bank to move ahead toward a mid-November opening. It will be the ...

With signage at Bank Mutual branches set to change and the bank’s computer system prepped for conversion to Associated Bank’s this weekend, the name “Bank Mutual” is about to join Firstar, M&I and ...

Organizers of what would be the nation’s first de novo mutual bank in half a century say they’re nearly ready to open their doors. Walden Mutual in Concord, New Hampshire, has received conditional ...

New Hampshire-based Mascoma Bank and Maine-based Androscoggin Bank will combine their parent companies into a new mutual ...

Walden Mutual has become the first bank of its kind to be chartered in New Hampshire in a century, but is still working to raise its goal of $25 million in capital. The bank has already started making ...