Dean Co-operative Bank

Overview / Commentary
21 Main Street
Franklin, MA 02038

Dean Co-operative Bank is headquartered in FRANKLIN and is the 78th largest bank in the state of Massachusetts. It is also the 1,878th largest bank in the nation. It was established in 1889 and as of December of 2023, 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 a B+ 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 - YTD0.23%
Return on Equity - YTD4%
Annual Interest Income$16.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$461.9MM$439.2MM
LoansQ4 2023vs Q4 2022$320.2MM$297.6MM
DepositsQ4 2023vs Q4 2022$397.8MM$397MM
Equity CapitalQ4 2023vs Q4 2022$27.6MM$24.6MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3.2MM$3.3MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$225K$480K
Real Estate OwnedQ4 2023vs Q4 2022$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

0.17%*$45k*-Preferred Savings
OTHER TIERS: 0.07% $25 - $15k | 0.12% $15k - $30k | 0.15% $30k - $45k
0.12%$100-Variable Rate IRA Savings
0.07%$25-Passbook Savings
0.07%$25-Statement Savings
0.07%$1-Student Savings
0.07%$1-Club Account
0.07%$1-Dean Bank Holiday Club Account
0.07%$25-Business Savings Account

Dean Co-operative Bank Money Market Rates

1.00%*$500k*-Premium Money Market
OTHER TIERS: 0.07% $25 - $100k | 0.09% $100k - $250k | 0.15% $250k - $500k
0.15%*$100k*-Preferred Money Market
OTHER TIERS: 0.07% $25 - $25k | 0.09% $25k - $50k | 0.12% $50k - $100k
0.09%*$2.5k*-Money Market Account
OTHER TIERS: 0.05% $25 - $2.5k
0.09%*$2.5k*-Business Money Market Account
OTHER TIERS: 0.05% $25 - $2.5k

Dean Co-operative Bank Checking Account Rates

4.07%*$25*$3kAll Access Checking
OTHER TIERS: 0.07% $3k+
0.05%$25-NOW Checking Account
0.05%$25-Municipal Checking
0.05%$25-Non-Profit Checking

Dean Co-operative Bank CD Rates

5.00%$1k-5 Month CD Special
5.00%$1k-Business 5 Month CD Special
4.70%$1k-15 Month CD Special
4.00%$1k-19 Month Bump-Up CD Special
2.00%$500-48 Month CD
2.00%$500-60 Month CD
2.00%$500-Business 48 Month CD
2.00%$500-Business 60 Month CD
1.50%$500-30 Month CD
1.50%$500-36 Month CD
1.50%$500-Business 36 Month CD
1.50%$500-Business 30 Month CD
1.25%$500-18 Month CD
1.25%$500-24 Month CD
1.25%$500-Business 18 Month CD
1.25%$500-Business 24 Month CD
1.00%$500-12 Month CD
1.00%$500-Business 12 Month CD
0.50%$500-6 Month CD
0.50%$500-Business 6 Month CD
0.25%$500-3 Month CD
0.25%$500-Business 3 Month CD

Dean Co-operative Bank IRA Rates

4.70%$500-15 Month Fixed Rate IRA Special
2.00%$500-48 Month IRA
2.00%$500-60 Month IRA
2.00%$100-Business 48 Month IRA
2.00%$100-Business 60 Month IRA
1.50%$500-30 Month IRA
1.50%$500-36 Month IRA
1.50%$100-Business 30 Month IRA
1.50%$100-Business 36 Month IRA
1.25%$500-18 Month IRA
1.25%$500-24 Month IRA
1.25%$100-Business 18 Month IRA
1.25%$100-Business 24 Month IRA
1.00%$500-12 Month IRA
1.00%$100-Business 12 Month IRA

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

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