Happy birthday to you. Happy birthday to you. Happy birthday MutualBank.
Happy birthday to you!
On September 7, 1889, the Mutual Home and Savings Association was
formed. The purpose of Mutual Home over a century ago was very simple. The
Association provided a safe place for saving money and a source of funds
available to the community for the building and purchasing of homes.
122 years later, we still serve that purpose, but are better equipped to serve
all of the needs of our customers of today.
As one of the oldest businesses in our markets, MutualBank has
grown and prospered over the full course of the twentieth century and into the
twenty-first century, meeting the financial needs of its customers through
times of war and peace as well as prosperity, recession and even depression.
While on the surface this proves we are a bank that meets the needs of our
customers; there is something greater that exists below the surface. There is a
culture that unless part of the MutualBank family, you might not know exists.
When you become part of the MutualBank family, you learn that this is much more
than a job that earns a paycheck. You learn about the essence of MutualBank –
heritage and personal responsibility.
Heritage. The Merriam-Webster dictionary defines heritage as “something
transmitted by or acquired from a predecessor”. After 122 years in business, we
realize there were many before us who paved the way and created a culture in
helping our neighbors. Our entire organization was founded on the premise that
it could help people improve their lives. One of my favorite stories over our
history is of a time during the Great Depression. It is told as follows:
“Even a greater problem which people encountered during the
1930’s involved meeting their mortgage payments. Once again, however, Mutual
Home fared reasonably well; but, unquestionably, people who were unemployed
found it extremely difficult to make their mortgage payments. If a delinquency
became too serious, the usual policy called for the property to be deeded back
to Mutual Home, which, in turn renovated and rented it, sometimes to the
original purchaser with an option to re-acquire it at a later date.” Walter
Burt, who was a member of the board of directors at Mutual Home said of that
time, “We just had to be flexible and patient and work out the best
arrangements that were possible. In time, most people got back on their feet.
Many repurchased and eventually paid off their loan.”
To understand the heritage of MutualBank automatically
changes what we do from just “a job” to something personal. MutualBank is a
mid-sized community bank. We have checking accounts, loans, and mobile banking
just like other banks. So what makes MutualBank special? Our employees are
dedicated and take personal responsibility to continue moving forward with our
already established culture. If we take personal responsibility to provide the
best service, do what is right and have compassion and respect for our
customers, we believe our customers would not want to bank with anyone else but
Obviously, we believe our duty and our role in the community
is much more than providing financial services. We are people and a company
seeking to help people, to help our neighbor. We’re just using banking as a
platform to do so. And that’s always
been the case. We know, understand and consciously make decisions based on the
fact that if it weren’t for our customers and our community, we wouldn’t be
here. It is truly a tribute to our customers and our communities that we have
been in business for 122 years. Our hope is that the partnership between
MutualBank and the community has been mutually beneficial.
We thank you for taking a moment with us and celebrating the
success and longevity of MutualBank.