Deposit Ownership

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Definitions
Savings Bank
Savings Bank Time-Savings Account Deposit Ownership Dividends East Coast Banks Midwest Banks Savings and Loan Associations
A type of bank, prevalent on the East Coast and in the Midwest, primarily offering time-savings accounts. These banks are typically owned by their depositors, who receive dividends in the form of interest on their accounts. Their functions are similar to those of Savings and Loan Associations (S&Ls).
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