Dean Co-operative Bank is headquartered in Franklin and is the 92nd largest bank in the state of Massachusetts. It is also the 2,034th largest bank in the nation. It was established in 1889 and as of June of 2019, it had grown to 68 employees at 4 locations. Dean Co-operative Bank's money market rates are 2X the national average, and it has an A health rating.
Great Local Bank
Dean Bank has been a pleasure to work with. Their customer service has always been above my expectations. In fact, not too long ago, I had to make several deposits, cash in savings bonds, transfer money, and speak with a manager to help me out on an account question in one trip. Even though it was a long process, they were nice to work with the entire time and guided me through the process. In addition, I use their mobile banking system and frequently check their mobile app. The app is easy to use and a great way to check in on account information. I have both a checking and savings account with Dean Bank and I am able to make transfers from one account to another from the palm of my hand. I have been using Dean Bank for 4 years and have not had any issues yet. I would recommend this bank to anyone in the local area.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27269 |
| Year Established | 1889 |
| Employees | 68 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.57% |
| Return on Equity - YTD | 6.67% |
| Annual Interest Income | $6.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $327.5MM$305.0MM |
| Loans | Q2 2019vs Q2 2018 | $247.3MM$223.4MM |
| Deposits | Q2 2019vs Q2 2018 | $283.4MM$260.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $28.8MM$25.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $2.5MM$2.4MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $681.00K$626.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Dean Co-operative Bank Savings Account Rates
Dean Co-operative Bank Money Market Rates
Dean Co-operative Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $25 | - | NOW Checking Account |
Dean Co-operative Bank CD Rates
Dean Co-operative Bank IRA Rates
| Dean Co-operative Bank Locations | ||
|---|---|---|
| Dean Co-Operative Bank | 21 Main Street | Franklin, MA 02038 |
| Mendon Branch | 32 Hastings Street | Mendon, MA 01756 |
| Pulaski Branch | 411 Pulaski Boulevard | Bellingham, MA 02019 |
| Blackstone Branch | 8 Main Street | Blackstone, MA 01504 |