The mutual bank, usually located in the northeastern part of the United States, is an alternative source of financing for you. Although mutual banks used to be fairly limited in their scope of operation, many have converted to stock ownership and offer more services than in the past.

Mutual savings banks are a community-based source of banking services. They may be able to fill your needs, either on an individual or business level, without the necessity of you going to a large national or regional bank. If you live in an area where there is a mutual savings bank, check it out with regard to its banking services! source: bizfinance.about.com