Dean Co-operative Bank

Overview / Commentary

www.deanbank.com

508-528-0088

21 Main Street
Franklin, MA 02038

Dean Co-operative Bank is headquartered in Franklin and is the 89^th largest bank in the state of Massachusetts. It is also the 1,959^th largest bank in the nation. It was established in 1889 and as of March of 2020, it had grown to 67 employees at 4 locations. Dean Co-operative Bank has an A health rating.

Reviews (1)

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Great Local Bank

Posted by: EMTT | Dec 16, 2016

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.

Comment

Health

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	27269
Year Established	1889
Employees	67
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.6%
Return on Equity - YTD	6.91%
Annual Interest Income	$3.3MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$351.7MM$325.4MM
Loans	Q1 2020vs Q1 2019	$266.6MM$242.6MM
Deposits	Q1 2020vs Q1 2019	$300.5MM$276.3MM
Equity Capital	Q1 2020vs Q1 2019	$30.6MM$27.7MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$2.6MM$2.5MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$730.00K$693.00K
Real Estate Owned	Q1 2020vs Q1 2019	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$45k^*	-	Preferred Savings
OTHER TIERS: 0.10% → $25 - $15k \| 0.15% → $15k - $30k \| 0.20% → $30k - $45k
0.12%	$100	-	Variable Rate IRA Savings
0.10%	$25	-	Passbook Savings
0.10%	$25	-	Statement Savings
0.10%	$1	-	Student Savings
0.10%	$1	-	Club Account
0.10%	$1	-	Dean Bank Holiday Club Account
0.10%	$25	-	Business Savings Account

Dean Co-operative Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$500k^*	-	Premium Money Market
OTHER TIERS: 0.10% → $25 - $100k \| 0.12% → $100k - $250k \| 0.20% → $250k - $500k
0.20%^*	$100k^*	-	Preferred Money Market
OTHER TIERS: 0.10% → $25 - $25k \| 0.12% → $25k - $50k \| 0.15% → $50k - $100k
0.12%^*	$2.5k^*	-	Money Market Account
OTHER TIERS: 0.05% → $25 - $2.5k
0.12%^*	$2.5k^*	-	Business Money Market Account
OTHER TIERS: 0.05% → $25 - $2.5k

Dean Co-operative Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$25	-	NOW Checking Account
0.05%	$25	-	Municipal Checking
0.05%	$25	-	Non-Profit Checking

Dean Co-operative Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$500	-	48 Month CD
0.80%	$500	-	60 Month CD
0.80%	$500	-	Business 48 Month CD
0.80%	$500	-	Business 60 Month CD
0.65%	$500	-	24 Month CD
0.65%	$500	-	30 Month CD
0.65%	$500	-	36 Month CD
0.65%	$500	-	Business 24 Month CD
0.65%	$500	-	Business 36 Month CD
0.65%	$500	-	Business 30 Month CD
0.50%	$500	-	18 Month CD
0.50%	$500	-	Business 18 Month CD
0.40%	$500	-	12 Month CD
0.40%	$500	-	Business 12 Month CD
0.35%	$1k	-	7 Month CD Special
0.35%	$1k	-	Business 7 Month CD Special
0.30%	$500	-	6 Month CD
0.30%	$500	-	Business 6 Month CD
0.25%	$500	-	3 Month CD
0.25%	$500	-	Business 3 Month CD

Dean Co-operative Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$500	-	48 Month IRA
0.80%	$500	-	60 Month IRA
0.80%	$100	-	Business 48 Month IRA
0.80%	$100	-	Business 60 Month IRA
0.65%	$500	-	24 Month IRA
0.65%	$500	-	30 Month IRA
0.65%	$500	-	36 Month IRA
0.65%	$100	-	Business 24 Month IRA
0.65%	$100	-	Business 30 Month IRA
0.65%	$100	-	Business 36 Month IRA
0.50%	$500	-	18 Month IRA
0.50%	$100	-	Business 18 Month IRA
0.40%	$500	-	12 Month IRA
0.40%	$100	-	Business 12 Month IRA

Locations

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

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