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 the difference in owner control, 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.