Which of the Following Statements Is NOT Correct

Multiple Choice

Which of the following statements is NOT correct?

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