Reading Cooperative Bank

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Reading Cooperative Bank
170 Park Street,
North Reading, MA 01864
Phone:(781) 942-5000
Fax (781) 276-0131

Reading Co-operative Bank pays very competitive rates for all our products. But beyond the interest we pay you, we are also proud of the interest we show you. Reading Co-operative Bank, incorporated in 1886, is a progressive, one-stop, multi-branch, full-service financial institution for both personal and commercial banking.

The Reading Co-operative Bank was founded just after the end of the first decade of co-operative banking in the commonwealth. That banking system was revolutionary for its time: to enable the workingman to purchase home. Larger banks loaned substantial sums to businesses and people of prominence and means; the little man was unable to compete successfully for mortgage money in such a market.

The banks’ original commitment to the “workingman” has never changed; people continue to come to the Reading Co-operative Bank for home mortgages, home improvement, and other loans which help 21st-century working people live better lives. One of the first loans was given in 1887 to a woman. Throughout the Reading Co-operative Bank’s history, women have always had ready and equal access to loans. Mortgages continue to be the backbone of the bank, weathering widely divergent interest-rate fluctuations, recessions, inflation, and economic boom.

© 2009 Reading Co-operative Bank,