The Mutual Institutions Committee reviews all aspects of statutory, regulatory, and marketplace environmental influences on the status and role of the mutual form of organization for depository institutions. The Committee considers both the preservation of the basic viability of mutuality and retention of management discretion on the exercise of the option of conversion from mutual to stock form. The Committee considers all aspects of corporate governance and the balancing of stakeholder interests under both state and federal banking institutions and tax law.

The Mutual Institutions Committee is open to representatives of any ACB member institution in mutual form, including institutions within mutual holding company structures, who are willing to commit time to the consideration and development of ACB policies and services that affect mutual institutions. The Committee meets periodically at the call of the committee chairman, usually in conjunction with other scheduled ACB conferences.

• To ensure the continued viability of the mutual form of ownership for depository institutions


• To monitor all regulatory and statutory initiatives on: mutual to stock conversions; the compensation aspects of conversion; membership rules for mutual institutions; member rights under both federal and state law; corporate governance procedures for mutual institutions under federal and state banking law; regulations on capital compliance; and the treatment of mutual organizations in other lines of business, such as insurance.


• To provide a forum for study and discussion of management topics and legislative and regulatory issues having specific impact on mutual institutions.


• To assist in the development of ACB policy by making regular reports of the committee findings and recommendations to ACB’s policy-making bodies.


• To mobilize grassroots support for ACB legislative and regulatory initiatives taken in the interest of mutual institutions.

Please send any comments, questions, links or good deeds about this site or mutuality to Patty Milon at (202) 857-3121