Massachusetts To Consider Conversion Restrictions
Legislation that would limit the ability of a mutual savings bank to convert to a publicly traded institution may soon be introduced to the Massachusetts House of Representatives. A similar bill was defeated two years ago.

FASB Reviews Field Data On Mutual Combinations
During a recent meeting of the Financial Accounting Standards Board, FASB Chairman Robert Herz acknowledged the difficulties of using purchase method procedures for combinations between mutual enterprises. FASB staff thanked field visit participants including Enfield Federal Savings, Enfield, Conn. FASB also agreed to change the issue date of the Exposure Draft to the first quarter of 2005. Click here to read the full story from the Nov. 29 issue of Washington Perspective.

Highlights From Mutual Committee Meeting
ACB’s Mutual Institutions Committee met in New York City on Sunday, December 5. The meeting was held in conjunction with ACB’s Winter Bank Management Forum. FDIC Director Thomas Curry participated and responded to questions from committee members. Click here to read the full story.

Mutual Community Bank Day — March 14, 2005
Mark your calendars for Mutual Day. Come to Washington to meet with regulators, lawmakers, their staff and your peers to discuss issues of importance to mutual institutions and mutual holding companies. This is an important forum for keeping the time-tested values of mutuality in front of Congress and the banking regulatory agencies. Mutual Day precedes ACB’s Government Affairs Conference (March 15-16) and mutual bankers are invited to stay and participate. Registration is complimentary. Click here for more information.