Click Here for our Section 16 Filings
|
|
Bank History
It was a memorable year. An Indianapolis attorney named Benjamin Harrison sat in the White House, struggling with legislation to break up corporate monopolies. In the rugged frontier country, soldiers fought a pivotal battle at the place called Wounded Knee. And the American flag gained five new stars, as North and South Dakota, Montana, Washington, and Idaho became states. The year was 1890.
In Johnson County's seat on a chilly day in February of that year, twelve men sat around a table and wrote a document that would help four generations of families improve their lives. That document was the charter for the Mutual Building and Loan Association.
Like the fictional Bailey Building and Loan in the holiday classic It's A Wonderful Life, the new institution was created to help local farmers and working families save for the future and buy homes and land. In those days, most banks typically catered only to business owners and wealthy families.
Thanks to those twelve men - our first directors and officers - people could ride their horses or
walk along the dirt streets to Mutual's office and hand over a few coins to make a mortgage payment or a savings deposit.
More than a century and a decade later, Franklin and the U.S. have changed dramatically. That building and loan has changed a bit, too, becoming what we now know a Mutual Savings Bank. But our mission hasn't changed at all.
From the time we approved our first loan (in April 1890, for a home on Adams Street), we have been dedicated to helping Johnson County families buy and build homes of their own, and to help them save for a brighter future. As we look around our sprawling communities, we're proud of the number of homes in which we've had a role. When we see college graduation announcements in the paper, we warmly remember the young parents who started savings accounts with a few dollars.
In this, the third century in which we've been in business, we remain dedicated to the ideals that created this institution. We welcome the opportunity to serve you and your neighbors, and promise never to forget the trust and confidence you've placed in us.
*Mutual Savings Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transactions are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
|
|
 |
