If it opens its doors as planned in January 2022, Walden Mutual Bank will be the first new mutual bank charter in New Hampshire in a century and the country’s first new mutual charter in five decades. The planned de novo in Concord, N.H., submitted its application to the FDIC at the end of August with the intent to serve New England’s local and sustainable food community with a bank owned by its depositors.

Cooperative structures are commonplace in agriculture, so Walden Mutual’s designation is an advantage in the effort to create not just a new bank, but a new kind of bank, says CEO Charley Cummings. Read article here