The Cooperative Bank Celebrates Centennial Milestone

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.

First National building1948

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

LisaOliver 20202018

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. 

Lisa shovelBank and Coop Foundation distribute more than $500,000, including Pandemic Relief  Grants to 24 local organizations. 

 


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