Which of the Following Statements Is Incorrect

Which of the following statements is incorrect?

A) A mutual-to-stock conversion allows savings institutions to obtain additional capital by issuing stock.
B) Because of their ownership structure, mutual savings institutions are more susceptible to unfriendly takeovers.
C) When a mutual savings institution is involved in an acquisition, it first converts to a stock-owned savings institution.
D) Consolidation and acquisitions have caused the number of mutual and stock savings institutions to decline consistently over the years.

Correct Answer:

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