Company Profile
- Mutual Bancorp (“Mutual" or "the company”), headquartered in Hyannis, Massachusetts, is a $7.3 billion asset mutual holding company (10th largest in the U.S.), parent of Cape Cod Five Cents Savings Bank ("Cape Cod Five" or “the bank”) founded in 1855 and Fidelity Co-operative Bank (“Fidelity”), headquartered in Leominster, MA. The company operates almost 40 locations across heavy tourism focused communities including Cape Cod, Martha’s Vineyard, Nantucket, Central and Southeastern Massachusetts. The holding company is under a “non-stock” mutual company ownership structure, therefore, owned by its depositors.
- Mutual Bancorp completed a $1.5 billion merger with Fidelity Co-operative Bank (“Fidelity”), effective in April 2024 which added 13 banking centers in the central Massachusetts area. The company has primarily been focused on organic, relationship centered growth, however, the acquisition of Fidelity expanded the bank's footprint and diversified its …