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As a mutual savings bank, there are no shareholders to claim a portion of the bank's earnings, and the result is lower lending rates and higher returns on deposits for customers.
CONTACT: John Valaas, President and CEO of First Mutual Savings Bank, 206-455-7300/
Everett Mutual Savings Bank will be implementing the TOTALPLUS(R) solution, which provides integrated, bank-wide automation for retail and commercial services, mortgage banking, credit/loan administration, financial and marketing management, electronic banking, management information, and bank operations.
CMS Bancorp will sell 1,983,750 shares of common stock to eligible depositors of Community Mutual Savings Bank and to the Employee Stock Ownership Plan of CMS Bancorp, Inc.
First Mutual Savings Bank currently has 1,852,368 shares outstanding and will have approximately 2,037,600 shares outstanding after payment of the stock dividend.
Shuster, Chief Executive Officer of Mutual Savings Bank, 517-892-3511, Ext.
23 /PRNewswire/ -- First Mutual Savings Bank (Nasdaq: FMSB) today reported that the trustee for its Employee Stock Ownership Program (ESOP) will sell 18,810 shares of its common stock on the open market.
This group has worked tirelessly since the conversion process was made public to better inform member-owners of DFCU Financial about the proposed conversion from a credit union to a mutual savings bank," said Dick Sly, also a former board member of DFCU Financial.
15 /PRNewswire/ -- Washington Mutual Savings Bank (Nasdaq: WAMU) announced today the completion of the acquisition of Summit Bancorp, Inc.
Third Century Bancorp (OTCBB:TDCB), an Indiana corporation and parent company of Mutual Savings Bank announced today that on March 16, 2006 the Board of Directors approved a $2 per share distribution to shareholders of record on April 20, 2006.
Nasdaq: SMMT) voted today to approve the merger of Summit into Washington Mutual Savings Bank (Nasdaq: WAMU).
First Mutual Savings Bank currently has 1,609,897 shares outstanding and will have approximately 1,851,200 shares outstanding after issuance of the stock dividend," Valaas added.

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