I have read about this as well. For clarification to all, when Mutual Savings Institutions want to go public they are required to offer the shares in the IPO to the depositors (technically the owners of the Mutual Savings Institution). I have tried opening up accounts at various MSIs but many have restrictions that prohibit out of towners from opening accounts. If anyone finds any MSIs out there that will permit out of town account holders, please let me know. I have one account open at one MSI near me and am just waiting for them to go public. They were ion Lynch's list of those likely to go public.