Caroline Savings Bank could become the first thrift in Virginia to convert to a state chartered savings bank.

Shareholders of Caroline, which is one of smallest thrifts in the state, voted last month to give up its charter from the Office of Thrift Supervision and convert to a state-chartered savings bank.

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.