Maryland Code, Financial Institutions § 4-101

(c)(1) “Savings bank” means an institution that:

(2) The term “savings bank” includes a subsidiary savings bank for the purpose of applying the provisions of this article.

(1) Is incorporated under the laws of this State as a subsidiary savings bank, all of the stock of which is owned by a mutual holding company;

(2) Engages only in the business of savings banking;

(3) Is a member of the Federal Deposit Insurance Corporation; and

(4) Is organized to receive assets and liabilities of a mutual holding company in accordance with this subtitle and Subtitle 9 of this title.