Mutual savings banks are concentrated in the ________ United States.

Name: Mutual savings banks are concentrated in the ________ United States.
Brand: Quizplus
Rating: 4.7 (57 reviews)

Question

Quizplus · Accepted Answer

Mutual savings banks, also known as thrift banks, originated in the northeastern United States and have remained largely concentrated in this region. While there may be a few exceptions of mutual savings banks operating in other parts of the country, the majority of them are found in the northeastern states such as New York, New Jersey, and Massachusetts.

Mutual Savings Banks Are Concentrated in the ________ United States