
Walden Mutual Growing Well, One Year On
New England’s first new mutual bank in 50 years is seeing strong growth after a little over 12 months in business.
New England’s first new mutual bank in 50 years is seeing strong growth after a little over 12 months in business.
The U.S. will soon see a new mutual bank launch for the first time in nearly 50 years: a New Hampshire-based de novo that plans to operate across New England and New York.
The backers of a new mutual bank under organization in New Hampshire say their effort could provide a template for a wave of new, mission-driven lenders and give a boost to existing mutual banks.