Wakefield, MA – We are excited to announce that Wakefield Co-operative Bank (WCB) will officially merge with Reading Cooperative Bank (RCB) on May 1, 2025. This significant merger combines our neighboring banks and communities, which share a rich history spanning centuries. Founded in 1886, RCB is a strong, depositor-owned bank dedicated to serving our customers and communities.
Our leadership team has determined that this merger is in the best interest of our communities. Our goal is to enhance our combined effectiveness and deliver the best community banking experience possible. We plan to achieve this by investing in our people, products, and technology.
Both banks share most primary service vendors, ensuring that the transition will have minimal impact on our customers. As a result of this merger, RCB customers will benefit from expanded access to 12 North Shore locations, while existing WCB branches will remain open to serve you.
RCB will continue to offer the same FDIC and DIF full deposit insurance that WCB customers have enjoyed, ensuring the same excellent service from familiar bankers, now with access to additional RCB locations and products.
To stay updated, visit www.readingcoop.com or call 781-942-5000. Customers can also emailbanking@readingcoop.com to provide or update their email addresses for regular updates.
For any questions, please contact us directly at 781-942-5000 or email Julieann M. Thurlow, CEO, atpresident@readingcoop.com.
