Dean Co-operative Bank

Overview / Commentary
21 Main Street
Franklin, MA 02038

Dean Co-operative Bank is headquartered in Franklin and is the 92nd largest bank in the state of Massachusetts. It is also the 2,017th largest bank in the nation. It was established in 1889 and as of September of 2019, it had grown to 69 employees at 4 locations. Dean Co-operative Bank's money market rates are 2X the national average, and it has an A health rating.

Reviews (1)

Great Local Bank

Posted by: |

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.


Health Grade Components

FDIC Certificate #27269
Year Established1889
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD6.88%
Annual Interest Income$9.3MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$331.4MM$314.3MM
LoansQ3 2019vs Q3 2018$252.4MM$232.8MM
DepositsQ3 2019vs Q3 2018$279.6MM$266.6MM
Equity CapitalQ3 2019vs Q3 2018$29.4MM$26.1MM
Loan Loss AllowanceQ3 2019vs Q3 2018$2.4MM$2.4MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$479.00K$260.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not Dean Co-operative Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.30%*$45k*-Preferred Savings
OTHER TIERS: 0.10% $25 - $15k | 0.20% $15k - $30k | 0.25% $30k - $45k
0.15%$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

Dean Co-operative Bank Money Market Rates

1.00%*$500k*-Premium Money Market
OTHER TIERS: 0.10% $25 - $100k | 0.15% $100k - $250k | 0.25% $250k - $500k
0.25%*$100k*-Preferred Money Market
OTHER TIERS: 0.10% $25 - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k
0.15%*$2.5k*-Money Market Account
OTHER TIERS: 0.05% $25 - $2.5k

Dean Co-operative Bank Checking Account Rates

0.05%$25-NOW Checking Account

Dean Co-operative Bank CD Rates

1.55%$1k-8 Month CD Special
1.50%$1k-17 Month Add-On CD Special
1.45%$1k-13 Month CD Special
1.40%$500-60 Month CD
1.20%$500-48 Month CD
1.03%$500-36 Month CD
0.92%$500-30 Month CD
0.77%$500-24 Month CD
0.55%$500-18 Month CD
0.45%$500-12 Month CD
0.30%$500-6 Month CD
0.25%$500-3 Month CD

Dean Co-operative Bank IRA Rates

1.50%$1k-17 Month Add-On Retirement CD Special
1.45%$100-13 Month Fixed Rate IRA Special
1.40%$500-60 Month IRA
1.20%$500-48 Month IRA
1.03%$500-36 Month IRA
0.92%$500-30 Month IRA
0.77%$500-24 Month IRA
0.55%$500-18 Month IRA
0.45%$500-12 Month IRA

Dean Co-operative Bank Locations
Dean Co-Operative Bank21 Main StreetFranklin, MA 02038
Mendon Branch32 Hastings StreetMendon, MA 01756
Pulaski Branch411 Pulaski BoulevardBellingham, MA 02019
Blackstone Branch8 Main StreetBlackstone, MA 01504

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