stock savings bank Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “stock savings bank” in the English Dictionary

"stock savings bank" in Business English

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stock savings banknoun [C]

uk   us   BANKING, FINANCE
in the US, a ​bank where ​peoplesave their ​money, that is ​owned by ​shareholders, rather than being a mutual (= one ​owned by ​people with ​money in the ​bank): The ​bankplans to ​convert to a ​stocksavingsbank 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)
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