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Mutual Savings Life provides life insurance products, annuities, and other insurance products to individuals and businesses. Founded in 1927 in Decatur, Alabama , Mutual Savings is owned by Primesco , a company founded for the purpose of acquiring Mutual Savings.
Wesco was originally the holding company for Mutual Savings, a savings and loan association. Mutual Savings' thrift operations were sold to CenFed Bank in 1993. [6] It was for a long time 80.1% owned by Blue Chip Stamps, which is now completely and fully owned by Berkshire Hathaway, which is controlled by legendary investor Warren Buffett.
Mutual savings banks are common in New England. New Bedford Institution For Savings was founded in 1825, and converted from mutual to stock status in 1987. Since the 1970s, when the industry was deregulated, thousands of mutual savings banks have been converted into stock ownership companies, raising more than $40 billion
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Phone support is available for account management and password reset help, Mon-Fri: 8am-12am ET; Sat: 8am-10pm ET. For additional hours of operation for different services visit our support options page for contact info.
Pages in category "Mutual insurance companies of the United States" The following 47 pages are in this category, out of 47 total. This list may not reflect recent changes .
Though rare in the banking industry, mutual structures are common in the insurance world and even in the investment world. The Vanguard Group of mutual funds is probably the most famous mutually-structured financial institution. On December 3, 2018, the bank completed its reorganization from a mutual savings bank to a mutual holding company. [8]
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