North Shore Bank in Wisconsin may have started a trend last week when it closed its purchase of a small Milwaukee thrift.

The $12.6 million-deal - combining $1.6 billion-asset North Shore of Brookfield with $83 million-asset Marquette Savings Bank - was the first time a mutually owned thrift bought a mutual holding company, a hybrid of stock and mutual ownership. Public stockholders owned 49% of Marquette Savings; depositors owned the rest.

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.