Reading Cooperative Bank is a depositor-owned cooperative bank headquartered in Reading, Massachusetts, founded in 1886. The bank provides personal and business banking services to communities across Massachusetts, and has operated for nearly 140 years. Its technical work spans digital banking and treasury management services, supporting a product line that includes personal and business checking and savings accounts, mortgage and residential lending, commercial lending, and treasury management for business banking customers.
The bank runs multiple branches across Massachusetts, in Burlington, Lynn, North Reading, Nahant, Melrose, Andover and Reading. It employs fewer than 500 people. Reading Cooperative Bank combines digital banking channels with local branch service, and states a commitment to responsible banking practices and to supporting local communities.
The institution is owned by its depositors - customers and employees - rather than stockholders, a cooperative structure under which both groups have a voice in how the bank operates. It has been recognised for workplace inclusivity: the Boston Business Journal ranked it 11th among companies with fewer than 500 employees for workforce diversity.
