Mechanics' Cooperative Bank is headquartered in Taunton and is the 65th largest bank in the state of Massachusetts. It is also the 1,407th largest bank in the nation. It was established in 1877 and as of June of 2022, it had grown to 97 employees at 11 locations. Mechanics' Cooperative Bank's money market rates are 7X the national average, and it boasts an A+ health rating.
Overall | |
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FDIC Certificate # | 26634 |
Year Established | 1877 |
Employees | 97 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.19% |
Return on Equity - YTD | 9.98% |
Annual Interest Income | $13.2MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $641.8MM$675.6MM |
Loans | Q2 2022vs Q2 2021 | $522.5MM$529.6MM |
Deposits | Q2 2022vs Q2 2021 | $537.9MM$542.9MM |
Equity Capital | Q2 2022vs Q2 2021 | $76.1MM$73.2MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $4.0MM$4.0MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $68.00K$144.00K |
Real Estate Owned | Q2 2022vs Q2 2021 | $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.
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 |