Mutual Bank members approve charter at July 17 special meeting

BROCKTON, Mass. - July 18, 2013 - PRLog -- Mutual Bank received overwhelming approval from its members to move ahead with its plan to convert to a state charter, by vote at a special meeting held July 17 at the Bank's offices in Whitman, it was today announced by Mutual Bank CEO Glen White.

White said he anticipates that Mutual Bank will receive notice of approval of its conversion application from the Massachusetts Commissioner of Banks in the coming weeks.

A community bank with nine branches in Southeastern Massachusetts, Mutual Bank seeks to become a Massachusetts co-operative bank, enabling it to offer depositors enhanced deposit insurance protection, and to increase its lending capabilities to qualified borrowers.

The Bank’s name will remain Mutual Bank.

About Mutual Bank
Mutual Bank is an independent, mutually-owned bank serving the community’s personal and small business banking needs, with nine full-service offices in Brockton, Carver, Falmouth, Halifax, Hanson, Middleboro, Plymouth and Whitman. The Bank has operated continuously as an independent, local institution for more than a century.  The main office is located at 570 Washington Street in Whitman, Massachusetts. For more information, visit www.MyMutualBank.com, or call Christine Grundy, Vice President & Director of Marketing, at 781-447-4488.