Reading Cooperative Bank

Founded in 1886, Reading Cooperative Bank is a cooperative bank listed in Reading, offering certificates of deposit and other savings products, along with loans and financial planning through its banking specialists. The bank describes its mission as banking for all. Its stated goal is helping create financially strong, sustainable and vibrant communities, a tradition the bank now counts at roughly 140 years and continues to build on across its branches.

Much of RCB’s work happens outside the branch. Its Bank@Work program sends traveling banking specialists to local employers so staff can handle deposits, withdrawals, loans and financial planning on the job, while Bank@Home brings similar help to residents of senior living facilities. The bank’s charitable foundation supports dozens of local groups each year, from scholarship funds to hospitals, with customers voting on where the money goes.

What to Know

• The bank is a member of both the Reading-North Reading and Wakefield-Lynnfield chambers of commerce.
• Employees give free, kid-friendly financial literacy presentations to local K-12 classrooms and civic groups on request.
• Banking specialists run educational seminars on protecting older adults from financial exploitation.
• A community room at the bank’s Lawrence branch is free to reserve for meetings, seminars and public events.