Banking - Salem, Indiana, United States
Mid-Southern Bancorp, Inc. operates through a federally chartered stock savings bank, Mid-Southern Savings Bank, FSB. The Bank's principal business consists of attracting retail deposits from the general public and investing those funds, along with borrowed funds, in loans secured by first and second mortgages on one-to four-family residences (including home equity loans and lines of credit), commercial and multifamily, consumer and commercial business loans and, to a lesser extent, construction and land loans. It offers a range of consumer loan products, including automobile loans, boat loans, manufactured homes not secured by permanent dwellings and recreational vehicle loans.