In a flurry of activity, Mutual Savings Bank, Bay City, Mich., last week named a new chief executive officer, decided to remain independent, and reported a $1.7 million third-quarter loss.

The $888 million-asset thrift last week named Robert N. Shuster chief executive officer after chairman and chief executive Wendell L. Evans Jr., resigned to pursue other opportunities.

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.