Mechanics' Cooperative Bank


Overview / Commentary
508-823-7744
316 Broadway
Taunton, MA 02780

Mechanics' Cooperative Bank is headquartered in TAUNTON and is the 60th largest bank in the state of Massachusetts. It is also the 1,214th largest bank in the nation. It was established in 1877 and as of March of 2025, it had grown to 98 employees at 11 locations. Mechanics' Cooperative Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #26634
Year Established1877
Employees98
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD10.08%
Annual Interest Income$12.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$828.4MM$744.9MM
LoansQ1 2025vs Q1 2024$695.1MM$613.8MM
DepositsQ1 2025vs Q1 2024$667.1MM$582.4MM
Equity CapitalQ1 2025vs Q1 2024$99.4MM$90.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$5.7MM$4.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$214K$222K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


Mechanics' Cooperative Bank Locations
1236 County St Branch1236 County StreetSomerset, MA 02726
165 State Rd Branch165 State RoadWestport, MA 02790
201 Gar Hwy Branch201 Gar HighwaySwansea, MA 02777
Mechanics' Co-Operative Bank316 BroadwayTaunton, MA 02780
North Dighton Branch596 Somerset AvenueNorth Dighton, MA 02764
Lafayette Federal Savings Bank Branch60 Bedford StreetFall River, MA 02720
Bridgewater Co-Operative Bank Branch72 Main StreetBridgewater, MA 02324
Taunton Branch75 County StreetTaunton, MA 02780
New Bedford Branch1238 Kempton StreetNew Bedford, MA 02740

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