- Sector
- Financial Services
- Industry
- Banks
- Address
-
- IPO Date
- Jan 2, 2001
- Business
- Bank Mutual Corporation (NASDAQ:BKMU), a savings and loan holding company founded in 1892 and headquartered in Milwaukee, Wisconsin, owns Bank Mutual, a federally-chartered savings bank engaged in community banking across Wisconsin and Minnesota. The bank attracts deposits from the general public, private businesses, governmental, and non-profit entities through regular savings accounts, interest-bearing and noninterest-bearing demand accounts, money market accounts, certificates of deposit, IRA time deposit accounts, and health savings accounts; it funds operations via deposits and borrowings from the Federal Home Loan Bank of Chicago to originate commercial and industrial loans, multi-family residential loans, non-residential commercial real estate loans, one- to four-family residential mortgages, home equity loans and lines of credit, and other consumer loans including automobile, recreational vehicle, boat, student, and unsecured loans. Bank Mutual also purchases and participates in third-party loans, sells residential loans in the secondary market, invests in mortgage-related and other securities, offers brokerage services for equity and debt securities, mutual funds, tax-deferred annuities, life, disability, long-term care, and property and casualty insurance, provides financial advisory, financial planning, and third-party trust services, and engages in land development and sales; as of year-end 2016, it operated 64 branches in Wisconsin and one in Minnesota primarily serving retail and business customers. In February 2018, Associated Banc-Corp completed its $482 million acquisition of Bank Mutual Corporation, merging it into Associated and subsequently integrating Bank Mutual's banking subsidiary into Associated Bank, N.A., in mid-2018, which resulted in branch consolidations and ended Bank Mutual's independent operations. The BKMU ticker is now marked as potentially delisted with no active trading or recent operational updates as of 2025.