This institution is no longer active

Operations ceased on March 14, 1996. CRA examination history below reflects the period it was active.

MUTUAL SAVINGS BANK, FSB

DANVILLE, VA · Supervised by OTS

Est. 1907FDIC #30,201

Satisfactory Same

Current rating · Exam: May 1995

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Is this bank safe?

MUTUAL SAVINGS BANK, FSB holds a Satisfactory CRA rating (1995).

Institution Profile

FDIC BankFind

Address

500 Main Street, DANVILLE, VA

County

Danville City County

Established

January 1, 1907

Total Assets

$85M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

May 8, 1995

Exam Type

Assessment Factor

Regulator

OTS

What is a CRA rating? →

⚠️This exam is 31 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	107	67.29%	3.74%
2020	2,301	67.41%	8.13%
2019	954	60.48%	12.47%
2018	597	79.06%	8.38%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
May 1995	Satisfactory	Assessment Factor
May 1993	Satisfactory	Assessment Factor
Jan 1992	Needs to Improve	Assessment Factor

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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