It seems ironic that the nation's oldest form of savings institution, and at one time its only form of savings institution, is periodically criticized by one or two so-called banking experts who believe that mutual institutions are no more part of a modern banking industry than the covered wagon is a part of the transportation industry.

As the chief executive officer of a healthy, well-capitalized mutual institution, I can assure you that today's mutual institutions are at the heart of the nation's community banking business.

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.