Wakefield Co-operative Bank

Overview / Commentary
342 Main Street
Wakefield, MA 01880

Wakefield Co-operative Bank is headquartered in Wakefield and is the 91st largest bank in the state of Massachusetts. It is also the 2,603rd largest bank in the nation. It was established in 1887 and as of June of 2022, it had grown to 41 employees at 3 locations. Wakefield Co-operative Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #26516
Year Established1887
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD3.85%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$276.1MM$272.1MM
LoansQ2 2022vs Q2 2021$213.2MM$192.6MM
DepositsQ2 2022vs Q2 2021$251.3MM$244.0MM
Equity CapitalQ2 2022vs Q2 2021$19.4MM$22.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.7MM$1.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$876.00K$783.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0

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


Wakefield Co-operative Bank Locations
Wakefield Co-Operative Bank342 Main StWakefield, MA 01880
Lynnfield Branch596 Main StreetLynnfield, MA 01940
Wakefield Co-Operative Bank Branch526 Main StreetMelrose, MA 02176

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