HYANNIS, Mass., November 12, 2025 — Cape & Coast Bank, formerly The Cooperative Bank of Cape Cod, has been named one of the 2025 Best Banks to Work For by American Banker magazine. American Banker has partnered with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees.
This year 90 banks earned a spot in the ranking of Best Banks to Work For, based on an anonymous employee survey and a thorough review of the benefits and perks offered.
“We are honored to be recognized again as one of the Best Banks to Work For in the United States,” said Erik Porter, Cape & Coast Bank President and CEO. “To fulfill our mission to be the best bank for Cape Cod, our leadership team prioritizes professional development, career growth, flexibility, engagement and competitive benefits for our employees. We are also committed to supporting employee volunteer and philanthropic efforts to contribute to the success of the many nonprofit organizations serving those in need on Cape Cod.”
Cape & Coast Bank’s people-first culture promotes a healthy work-life balance, benefits that promote personal wellness and professional growth including three weeks of paid vacation in year one, paid volunteer hours, tuition reimbursement, wellness stipends, and a monthly daycare subsidy.
Additionally, the “Leading the Way” program fosters leadership development, while the annual President’s Club Lunch connects employees with the CEO to exchange ideas. Internal promotions are emphasized, and a peer-to-peer recognition program highlights contributions year-round.
“The banks recognized as Best Banks to Work For are institutions employees want to join and stay,” said Chana Schoenberger, editor-in-chief of American Banker. “They understand how to give workers reasons to find purpose in their jobs.”
Determining the Best Banks to Work For involved a two-step process. The first consisted of evaluating each participating bank’s workplace policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the final ranking.
To be considered for participation, banks had to have at least 50 employees working in the U.S. and been in business for a minimum of one year. Best Companies Group managed the registration and survey process and also analyzed the data to determine the final ranking.
The full list of the 2025 Best Banks to Work For is available at www.americanbanker.com and is also featured in the November issue of American Banker magazine.
About Cape & Coast Bank
Cape & Coast Bank is an independent mutual community bank headquartered in Hyannis, Mass. Founded in 1921 and formerly known as The Cooperative Bank of Cape Cod, the institution has more than $1.6 billion in assets and 170 employees. It operates nine full-service branches throughout the Cape and a mortgage office in Provincetown.
Cape & Coast Bank offers digital and traditional personal banking solutions, as well as customized commercial banking services for businesses of all sizes. The bank is a member of the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF), which means 100% of deposit balances, regardless of amount, are insured in full.
Through Cape & Coast Bank’s charitable foundation and corporate giving initiatives, it also partners with nonprofit organizations to address the needs and challenges facing communities throughout Barnstable County.
Visit Cape & Coast Bank online at capeandcoastbank.com, and follow on
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About American Banker
American Banker empowers banking professionals with unique analysis and insight into the ideas transforming their business and industry. Across its journalism, events, research and benchmarking, it helps drive the way forward through the complexity of business innovation, retail and commercial disruption, technology, regulation and reform. With a banking community 850k strong, American Banker’s content connects leaders online, in person and in print every day.
About Best Companies Group
Since 2004, Best Companies Group has specialized in identifying and recognizing great employers to work for. We are an independent research firm that ranks companies based on our established research methodology. Our surveys provide actionable, hard-to-obtain data that companies use to improve employee recruitment and retention.