Reading Cooperative Bank – 352 Middlesex Avenue

Reading Cooperative Bank operates this branch in Wilmington. The bank is a customer-owned cooperative that has been serving its communities since 1886, and it stresses that it is owned by the people who bank there rather than by stockholders or suits in some far-off city. Customers can open savings products such as certificates of deposit, and banking specialists can help with deposits, withdrawals, loans and financial planning.

Beyond its branches, RCB runs portable banking programs designed for people who cannot easily get to an office. Bank@Home sends specialists into senior living facilities, and Bank@Work does the same for local employers. The bank also backs local causes through the Reading Cooperative Charitable Foundation, whose grants are voted on by customers, and it provides free branded water bottles that charities can resell or use for volunteers.

What to Know

• RCB is a member of the Wilmington/Tewksbury Chamber of Commerce.
• Employees offer free financial literacy presentations to K-12 classrooms and civic groups that request a visit.
• The bank hosts educational sessions on preventing elder financial exploitation with its banking specialists.
• Deposits are FDIC insured to at least $250,000, and the Depositors Insurance Fund covers additional deposits.