Mutual Bancorp (“Mutual" or "the company”), headquartered in Hyannis, Massachusetts, is a $7.1 billion asset mutual holding company (2nd largest in the Commonwealth), parent of Cape Cod Five Cents Savings Bank ("Cape Cod Five" or “the bank”) founded in 1855 and Fidelity Co-operative Bank (“Fidelity”). The company operates 37 locations across 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, and therefore, is owned by its depositors.
Mutual Bancorp completed a $1.5 billion merger with Fidelity in April 2024 which added 13 banking centers in the Central Massachusetts area. While the company has primarily focused on organic, relationship-centered growth, the acquisition of Fidelity expanded its footprint and diversified its deposit mix and loan portfolio.
Reflecting its mutual status, the company…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.