Everett Co-operative Bank


Overview / Commentary
617-387-1110
419 Broadway
Everett, MA 02149

Everett Co-operative Bank is headquartered in Everett and is the 74th largest bank in the state of Massachusetts. It is also the 1,414th largest bank in the nation. It was established in 1890 and as of December of 2019, it had grown to 46 employees at 2 locations. Everett Co-operative Bank has an A+ health rating.

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Reviews (1)

Unacceptable

A few wks back i lost my card and went to the branch to request a hold on my accout and a new card. I was told to enter a pin and that i'd receive my card in about 10 business days and that i would be all set. I received my card in the time stated but i was not all set. This morning at 5:24am on my way home with my 3 small children I attempted to use the card at the gas station. I did not have enough gas to get home. My card was not active and i was told that i would have to wait for the branch to open to handle this situation. The branch does not open until 9am! I was stranded with 3 small children and no funds! It was awful listening to my children ask for breakfast and something to drink and not be able to do anything about it. Worst experience yet! Looking for another bank now!



Health
A+

Health Grade Components

Overall
FDIC Certificate #26444
Year Established1890
Employees46
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD6.59%
Annual Interest Income$21.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$518.2MM$497.9MM
LoansQ4 2019vs Q4 2018$426.8MM$425.7MM
DepositsQ4 2019vs Q4 2018$424.2MM$406.9MM
Equity CapitalQ4 2019vs Q4 2018$68.4MM$63.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.6MM$3.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.0MM$632.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for Everett Co-operative Bank are currently being reviewed.

Locations


Everett Co-operative Bank Locations
Everett Co-Operative Bank419 BroadwayEverett, MA 02149
Lynnfield Branch771 Salem StLynnfield, MA 01940

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