WILMINGTON, Del. -- In 1931, the cover of Artisans' Savings Bank's annual report said: "Thrift is the foundation of all human happiness."

That may sound more like the opening of a philosophical discourse than a motto for a mutual savings banks with $306 million in assets. But chief executive Stephen G. Harris Jr. says it is the credo Artisans' lives by. "Thrift," he adds, "has made me happy."

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.