A Mutual Bank is a type of financial institution that is owned by its members rather than shareholders. This means that the bank's profits are typically reinvested into the bank or returned to members in the form of better interest rates and lower fees. Mutual banks focus on serving the needs of their members, which can include individuals and businesses in the community. Unlike traditional banks, which aim to maximize profits for shareholders, mutual banks prioritize the financial well-being of their members. They offer a range of services, including savings accounts, loans, and mortgages, often with a more personalized approach. This structure fosters a sense of community and encourages local investment.