The Board meets at least quarterly, and functions through its Board of Investment which meets at least monthly and serves as an executive and a loan committee. The bank is managed by its officers, consisting of a President, one or more Vice Presidents, a Treasurer, a Clerk and such other officers as are necessary for the management of its business. Officers other than the President and the Clerk are elected by the Trustees. The institution is subject to strict requirements of both federal and state laws and regulations. As a mutual institution the bank has no stockholders.
Depositors have no voting rights.