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Frequently Asked Questions

What does Revocable Proxy mean?

North Shore Bank is a mutual association and therefore every person who opens an account with us becomes a member of the association and is entitled to elect directors and vote on certain business matters. Each saver is given one vote for each $100 or fraction thereof of the withdrawal value of their accounts up to a maximum of 1000 votes. Many account holders are unable to, or don't care to vote in person, therefore, the signed proxy authorizes a trusted official of North Shore Bank to cast the account owner's vote in his/her absence. This proxy vote can be revoked or signed/added at any time. 
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Frequently Asked Questions