At least two thrifts are developing a new structure designed to put mutual holding companies on par with their stock counterparts in corporate powers.

NVE Savings in Englewood, N.J., and Fidelity Bankshares in West Palm Beach, Fla., have applied to federal regulators for permission to form a stock holding company that would act as an intermediary between the stock- issuing thrift and the mutual holding company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.