Wakefield Co-Operative says "Thank You"

Wakefield Co-Operative Bank Reaches New Level

Wakefield, MA –

Ralph W. Dunham, President and CEO of Wakefield Co-Operative Bank announced that the Bank’s assets reached an all time high as of September 30, 2011 of more than $150 million.

            The Bank’s assets have grown nearly 50% in the last four years from slightly more than $100 million in 2007.   

            Mr. Dunham stated, “I want to thank our customers in Wakefield, Lynnfield, and our surrounding communities for placing their trust in us.  We are experiencing all-time highs in new loan and deposit activity.  That is a sign of customer satisfaction we are providing and the confidence people have in our Bank.  It’s great that customers realize the benefits of dealing with a local community bank offering true personal service instead of troubled national banks.”           

            The Bank will be having an Open House on Tuesday, October 18 and Wednesday, October 19 from 8:30 am – 4:00 pm in its Wakefield and Lynnfield offices.  The Open House will celebrate reaching the $150 million asset mark and showcase the Main Office’s newly renovated lobby.  Visitors may register for a raffle with prizes including Bruins tickets, an iPad, and a flat-screen television.  

            The Bank’s lending focus is on originating residential mortgage loans primarily in Middlesex and Essex County.  Whether to purchase or refinance a home, the Bank offers a range of home mortgage programs to suit the needs of its customers.

             The Bank will be celebrating its 125^th anniversary in 2012.  The Bank’s Main Office is at 342 Main Street in Wakefield and its branch office is at 596 Main Street in Lynnfield.