Penny-pinching banks around Mediterranean (4)

I believe the answer is:

mean

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This could be a double definition.

'penny-pinching banks' is the first definition.
'mean' can be an answer for 'penny-pinching' (thesaurus). I'm not certain of the 'banks' bit.

'mediterranean' is the second definition.
(thesaurus)

'around' acts as a link.

Can you help me to learn more?

(Other definitions for mean that I've seen before include "Name for being stingy" , "Being near" , "Average; inferior; intend" , "intimate" , "Mid-point" .)

I've seen this clue in the Irish Times.

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