Wakefield Co-operative Bank is headquartered in Wakefield and is the 93rd largest bank in the state of Massachusetts. It is also the 2,572nd largest bank in the nation. It was established in 1887 and as of December of 2020, it had grown to 43 employees at 2 locations. Wakefield Co-operative Bank has a B+ health rating.
Overall | |
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FDIC Certificate # | 26516 |
Year Established | 1887 |
Employees | 43 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.78% |
Return on Equity - YTD | 10.07% |
Annual Interest Income | $9.5MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $266.6MM$246.6MM |
Loans | Q4 2020vs Q4 2019 | $196.8MM$201.2MM |
Deposits | Q4 2020vs Q4 2019 | $238.9MM$208.8MM |
Equity Capital | Q4 2020vs Q4 2019 | $21.9MM$19.3MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.7MM$1.6MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.5MM$1.5MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | - | - | Statement Savings Account | |
0.05% | - | - | Christmas Club |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.00%* | - | $500 | Freedom Checking | ||
OTHER TIERS: 0.02% → $500+ | |||||
0.15%* | $100* | $25k | Premier Checking | ||
OTHER TIERS: 0.10% → $25k+ | |||||
0.02% | - | - | N.O.W. Account |
Wakefield Co-operative Bank Locations | ||
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Wakefield Co-Operative Bank | 342 Main Street | Wakefield, MA 01880 |
Lynnfield Branch | 596 Main Street | Lynnfield, MA 01940 |