Meaning of “stock savings bank” in the English Dictionary

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"stock savings bank" in Business English

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stock savings banknoun [ C ]


in the US, a bank where people save their money, that is owned by shareholders, rather than being a mutual (= one owned by people with money in the bank):

The bank plans to convert to a stock savings bank to enable it to raise up to $40 million in capital.

(Definition of “stock savings bank” from the Cambridge Business English Dictionary © Cambridge University Press)