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mutual savings bank

noun

a noncapitalized savings bank that distributes its net earnings to depositors.

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Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Collins

World English Dictionary

mutual savings bank

—n
	chiefly (US) a savings bank having no subscribed capital stock and distributing all available net profit to depositors who, however, remain creditors without voting power

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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