The Cooperative Bank of Cape Cod is an independent, local, mutual community bank with more than $1.2 billion in assets and 170 employees. Founded in 1921, the bank has grown to include nine branches. In 2017 the bank named its first female president.
“This is an exciting milestone as it not only underscores our resiliency, but also signifies what The Coop has meant to generations of Cape Codders,” said Lisa Oliver, chair, president and CEO. “We are and always will be a community bank. Together we have met challenges and experienced successes. We have helped build homes, rallied behind small business owners, supported clients from their first savings account all the way to retirement, and all while supporting nonprofit organizations across the Cape.”
Timeline
1921
April: Bank conceived by many of the people who worked for the First National Bank of Yarmouth. When that commercial bank reached its maximum statutory limit to issue residential loans, it formed the cooperative bank.
July: Chartered as Cape Cod Cooperative Bank. Bank opens inside First National Bank in Yarmouth Port with F. Howard Hinckley named president.
1948
Construction begins on Cape Cod Cooperative Bank in Yarmouth Port.
1949
June: Yarmouth Port branch opens; assets reported at $2.5 million.
1951
November: Harriett G. Chase of Hyannis named assistant treasurer.
1956
Howard Hinckley retires; Roswell H. Nye becomes president.
1961
Roswell H. Nye steps down as president; Nye Crowell named president
1966
East Dennis branch opens at 1591 Main St. (6A)
1981
West Barnstable branch opens at 1121 Route 6A
1983
Nye Crowell retires
Joel Crowell named president
1997
Bank expands to offer commercial banking services. Andy Eldridge named first Commercial Relationship Manager.
1998
Sandwich branch opens at at 275 Cotuit Road
2002
Hyannis branch opens at 695 Attucks Lane
2006
A 37,000-square-foot operations and administration building is constructed at 25 Benjamin Franklin Way, Hyannis.
2007
East Harwich branch opens at 1470 Orleans Road
2009
#CharityJeansDay launches. The program, coordinated by the CCCB Employee Involvement Committee, allows employees to wear denim to work on payday Fridays for a monetary contribution. The funds are collected and dispersed to employee-selected Cape Cod charitable organizations.
2010
Bank launches Stuff-a-Stocking campaign, collecting new, unwrapped toys at all branches to donate to the Boys and Girls Club.
2011
Bank rebrands to be called The Cooperative Bank of Cape Cod
2012
Falmouth, 649 Main Street, Loan and Business Development office opens.
Branches in Yarmouth Port and East Dennis renovated.
2013
Branches open in North Falmouth, 660 N. Falmouth Way, and Marstons Mills, 3878 Falmouth Road.
2016
Falmouth branch is relocated from 649 Main St. and opens at 238 Worcester Court as a full-service branch.
2017
Joel Crowell retires; Lisa Oliver named president
2018
Launched The Cooperative Bank of Cape Cod Charitable Foundation Trust, which allows the bank to significantly extend and increase the reach of its philanthropy. “We celebrated the foundation’s debut in December by awarding $105,000 in one time and multi-year grants to four charitable organizations,” said President Lisa Oliver.
2019
The Coop’s nine branches designate Tech Ambassadors, whose role is to assist customers with online and mobile banking. Customers can bring in their device − phone (Apple or Android), tablet, laptop − and Tech Ambassadors can work through any problems.
2020
February: Small Business Association names the bank an SBA Preferred Lender, a designation that allows The Coop to streamline loan decisions for small business clients. Bank surpasses $1 billion in assets.
Begins renovation of headquarters at 25 Benjamin Franklin Way. The new building opened July 19, 2021.
Bank and Coop Foundation distribute more than $500,000, including Pandemic Relief Grants to 24 local organizations.
