Bank Mutual Corporation is a mid-tier holding company that owns all the shares of Mutual Savings Bank (the Bank). The Bank is a community-oriented financial institution that emphasizes traditional financial services to individuals and businesses within its market areas. Its principal business is attracting retail deposits from the general public and investing those deposits, together with funds generated from other operations, in residential mortgage loans, consumer loans, commercial real estate loans and commercial business loans. The Bank also invests in various mortgage-related securities and investment securities. The principal lending is on one- to four-family, owner-occupied homes, home equity loans and lines of credit, automobile loans, multi-family and commercial real estate loans and commercial business loans. The Bank has 69 banking offices located in 28 counties in Wisconsin, in addition to the Minnesota office.