The mutual savings-bank plan has not extended to the West and the South, where savings institutions are formed not for philanthropic purposes, but rather for profits, and are therefore organized the same as other corporations. They are called stock savings banks, and their earnings are paid to shareholders, while depositors receive a fixed rate of interest. The stockholders also possess the right to elect directors, who control the affairs of the bank. Hence mutual and stock savings banks differ as to motive, ownership, and management. Both types possess the common feature of receiving only savings accounts and neither enters into the field of commercial banking.