savings bank
noun
: a bank organized to hold funds of individual depositors in interest-bearing accounts and to make long-term investments (as in home mortgage loans)
Example Sentences
Recent Examples on the Web According to its website, Bask Bank launched the first online-only savings bank in the U.S. in 1999 as Texas Capital Bank. 
Rob Berger, Forbes, 23 Apr. 2022 North Shore Bank is a mutual savings bank based out of Brookfield with 45 locations in Wisconsin and Illinois. Alex Groth, Milwaukee Journal Sentinel, 13 Oct. 2021 In 1982, the institution changed its name from San Diego Federal to Great American Federal Savings Bank and became the nation’s first such institution to shift from a federal S&L to a savings bank. San Diego Union-Tribune, 10 Aug. 2021 Eastern, founded in 1818 as a local savings bank serving Salem, north of Boston, now has $15.5 billion in assets and 89 branches in Massachusetts, New Hampshire and Rhode Island and a headquarters in Boston’s financial district. Ruth Simon, WSJ, 29 Dec. 2020 Sberbank, which is the successor of the Soviet Union’s savings bank, is attempting to reposition itself as a technology company that can provide customers with services from taxis to telemedicine. Anna Baraulina, Bloomberg.com, 16 Oct. 2020 So far, says Leishman, his customers have been treating the service like a savings bank with deposits—in the form of Bitcoin purchases—accounting for 97% of transactions. Jeff John Roberts, Fortune, 17 June 2020 Those figures include the performance of the company’s investment management arm and its federal savings bank, as well as its life insurance line. Greg Jefferson, ExpressNews.com, 24 Jan. 2020 Ultimately, having one Landesbank catering to the nation’s 380 or so savings banks — rather than half a dozen — is probably sufficient. Washington Post, 10 Oct. 2019 See More
Rob Berger, Forbes, 23 Apr. 2022 North Shore Bank is a mutual savings bank based out of Brookfield with 45 locations in Wisconsin and Illinois. Alex Groth, Milwaukee Journal Sentinel, 13 Oct. 2021 In 1982, the institution changed its name from San Diego Federal to Great American Federal Savings Bank and became the nation’s first such institution to shift from a federal S&L to a savings bank. San Diego Union-Tribune, 10 Aug. 2021 Eastern, founded in 1818 as a local savings bank serving Salem, north of Boston, now has $15.5 billion in assets and 89 branches in Massachusetts, New Hampshire and Rhode Island and a headquarters in Boston’s financial district. Ruth Simon, WSJ, 29 Dec. 2020 Sberbank, which is the successor of the Soviet Union’s savings bank, is attempting to reposition itself as a technology company that can provide customers with services from taxis to telemedicine. Anna Baraulina, Bloomberg.com, 16 Oct. 2020 So far, says Leishman, his customers have been treating the service like a savings bank with deposits—in the form of Bitcoin purchases—accounting for 97% of transactions. Jeff John Roberts, Fortune, 17 June 2020 Those figures include the performance of the company’s investment management arm and its federal savings bank, as well as its life insurance line. Greg Jefferson, ExpressNews.com, 24 Jan. 2020 Ultimately, having one Landesbank catering to the nation’s 380 or so savings banks — rather than half a dozen — is probably sufficient. Washington Post, 10 Oct. 2019 See More Word History
First Known Use
1813, in the meaning defined above
Legal Definition
savings bank
see bank