mutual companies

What Does It Mean When A Company Is A Mutual Company?

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What Does It Mean When A Company Is A Mutual Company? A mutual company is a private firm that is owned by its customers or policyholders. The company’s customers are also its owners. As such, they are entitled to receive a share of the profits generated by the mutual company. … Alternately, some mutual companies

Do Mutual Savings Banks Have Stockholders?

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Do Mutual Savings Banks Have Stockholders? Do mutual savings banks have stockholders? Unlike commercial banks, savings banks have no stockholders; the entirety of profits beyond the upkeep of the bank belongs to the depositors of the mutual savings bank. Mutual savings banks prioritize security, and as a result, have historically been characteristically conservative in their