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.
Overall | |
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FDIC Certificate # | 26634 |
Year Established | 1877 |
Employees | 98 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.19% |
Return on Equity - YTD | 10.08% |
Annual Interest Income | $12.3MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $828.4MM$744.9MM |
Loans | Q1 2025vs Q1 2024 | $695.1MM$613.8MM |
Deposits | Q1 2025vs Q1 2024 | $667.1MM$582.4MM |
Equity Capital | Q1 2025vs Q1 2024 | $99.4MM$90.4MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $5.7MM$4.5MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $214K$222K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Rates for Mechanics' Cooperative Bank are currently being reviewed.
Mechanics' Cooperative Bank Locations | ||
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1236 County St Branch | 1236 County Street | Somerset, MA 02726 |
165 State Rd Branch | 165 State Road | Westport, MA 02790 |
201 Gar Hwy Branch | 201 Gar Highway | Swansea, MA 02777 |
Mechanics' Co-Operative Bank | 316 Broadway | Taunton, MA 02780 |
North Dighton Branch | 596 Somerset Avenue | North Dighton, MA 02764 |
Lafayette Federal Savings Bank Branch | 60 Bedford Street | Fall River, MA 02720 |
Bridgewater Co-Operative Bank Branch | 72 Main Street | Bridgewater, MA 02324 |
Taunton Branch | 75 County Street | Taunton, MA 02780 |
New Bedford Branch | 1238 Kempton Street | New Bedford, MA 02740 |
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