Cape Cod Five Cents Savings Bank

What Cape Cod Five Cents Savings Bank does

Cape Cod Five Cents Savings Bank (Cape Cod 5) is a mutual savings bank founded in 1855 and headquartered in Hyannis, Massachusetts. Operating through 26 banking centers across Cape Cod, Martha's Vineyard, Nantucket, and Southeastern Massachusetts, the bank serves individual consumers, small businesses, nonprofits, government entities, and wealth management clients. As of 2021, Cape Cod 5 reported over $4.4 billion in assets and is held under Mutual Bancorp, a holding company that also formalized a strategic partnership with Fidelity Bank in 2021.

The bank's core product portfolio spans consumer deposit products (checking, savings, CDs, money market), lending products (residential mortgages, home equity, ADU loans, Mass Save HEAT loans, solar and storm preparedness loans), business banking (checking, SBA and commercial lending, treasury management, merchant services), and wealth services (trust, investment management, retirement planning, fiduciary and estate services). Digital delivery is via Online and Mobile Banking with Zelle P2P payments, mobile check deposit, bill pay, and VIP Access-based multifactor authentication for Treasury Online Banking. The bank holds a 5-star BauerFinancial rating, eliminated all overdraft and NSF fees in June 2022, and was named SBA Lender of the Year to Women Entrepreneurs in Massachusetts for FY2021.

Cape Cod 5 generates revenue primarily through net interest income on its residential and commercial loan book, supplemented by deposit account fees, mortgage origination and servicing fees, transaction-based commercial banking and merchant services revenue, and recurring wealth management fees. GTM motion combines direct-to-consumer branch banking, dedicated mortgage loan officers, business banking relationship managers, and an advisor-led wealth services model. Distribution is amplified by deep community ties — over $1M in annual philanthropy, 100+ employees on local boards, and an Educational Mini-Grants program running since 2000 — reinforcing brand equity in a defined regional market.

Name

Cape Cod Five Cents Savings Bank

Legal name

The Cape Cod Five Cents Savings Bank

Website

https://capecodfive.com

Company type

Private

Founded year

1855

Operating status

Operating

Headcount range

251–500 employees

Short description

Cape Cod Five Cents Savings Bank is a mutual community bank founded in 1855, operating 26 offices across Cape Cod, Martha's Vineyard, Nantucket, and Southeastern Massachusetts with over $4.4 billion in assets, serving individuals, businesses, nonprofits, and wealth management clients.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Residential mortgage lending
• Commercial lending products
• Wealth management services
• Treasury management solutions

Headquarters

HQ city

Harwich Port

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income from residential mortgages, commercial loans, home equity products, and other lending activities offset by interest paid on deposits
2. Deposit Account Fees: Service fees from deposit accounts including checking and savings accounts
3. Mortgage Lending: Origination and servicing of residential mortgages including first-time homebuyer programs, conventional, and government-backed loans
4. Commercial/Business Banking: Business checking, commercial loans, SBA lending, and business deposit services
5. Wealth Management & Trust Services: Investment management, trust services, retirement planning, and fiduciary services for individuals and nonprofits
6. Treasury Management & Merchant Services: Cash management, payment processing, and merchant services for business customers

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Cape Cod Five Cents Savings Bank is a mutual community bank that provides personal and business deposit accounts (checking, savings, CDs, money market), residential mortgages and home equity loans, commercial and SBA lending, treasury management, merchant services, and trust and wealth management services to consumers, businesses, nonprofits, and government entities across Cape Cod, Martha's Vineyard, Nantucket, and Southeastern Massachusetts. Distribution is delivered through 26 banking centers, a digital online and mobile banking platform with Zelle, dedicated loan officers, and relationship managers.

Product overview

Cape Cod Five Cents Savings Bank operates as a community bank offering a unified platform of financial products and services through 26 offices across Cape Cod, Martha's Vineyard, Nantucket, and Southeastern Massachusetts. The core product portfolio centers on deposit accounts (checking, savings, CDs, money market) and lending products (mortgages, home equity, business loans, and specialized loans including solar, storm preparedness, and sewer connection). Digital banking is delivered through Online & Mobile Banking with Zelle integration, Treasury Online Banking with enhanced security, and a SaveUp automatic savings feature. Wealth management services include trust, investment management, and retirement planning. Business banking encompasses checking, lending, treasury management, and merchant services. Specialized programs support nonprofits, government entities, and community initiatives through educational mini-grants and affordable housing programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Online & Mobile Banking Digital banking platform providing 24/7 access to account balances, transactions, statements, mobile check deposit, bill pay, money transfers, person-to-peer payments via Zelle, account alerts, and card controls for personal and business customers.
• Personal Checking Accounts Personal deposit checking accounts with no overdraft fees, various account options, and access to Online & Mobile Banking services for individual consumers in the bank's service area.
• Savings Accounts & CDs Personal savings products including traditional savings accounts, certificates of deposit (CDs), and money market accounts with competitive rates for individual consumers.
• Mortgages Residential mortgage products including purchase mortgages, refinancing options, and home equity loans with online application and pre-approval processes for homebuyers and homeowners.
• Home Equity Lines of Credit and Loans Home equity financing for owner-occupied 1-4 family primary residences including condos, with some secondary homes qualifying.
• Business Checking Accounts Commercial checking accounts designed for businesses with various features to support business banking needs, including no overdraft fees.
• Business Lending Commercial loan products including term loans, lines of credit, SBA loans, and PPP lending for business expansion, equipment, working capital, and child care providers.
• Treasury Management Services Cash management and treasury services for businesses including payment processing, collections, liquidity management, and merchant services solutions.
• Merchant Services Payment processing solutions for business merchants to accept card payments and power business operations.
• Wealth Services Comprehensive wealth management including trust and asset management, investment management, socially responsible investing, retirement and financial planning, fiduciary and estate services, and nonprofit services.
• Non-Profit Banking Specialized banking products and services designed for nonprofit organizations including escrow manager and IOLTA accounts.
• Government Banking Banking services tailored for government entities and public sector organizations.
• SaveUp Automatic Savings Program Automatic savings program that rounds up Visa debit card purchases to the nearest dollar and deposits the difference into a designated savings account, with companion savings account earning up to 5.00% APY on balances up to $9,999.99.
• Mass Save HEAT Loan 0% APR loan available to qualified customers participating in the Mass Save Program for home energy efficiency improvements, with applicable utility rebates available.
• Solar Loan Program Solar financing with two options: Secured Solar Loan (mortgage on primary or second home) and Unsecured Solar Loan, offering flexible terms and competitive rates for homeowners.
• Accessory Dwelling Unit (ADU) Loans Specialized financing for creation of accessory dwelling units, offering both home equity loan and mortgage program options to support ADU construction.

Quantifiable outcome

• Over $4.4 billion in assets under management
• +6 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

34 partnerships are on record, tiered core and minor.

• Sustainable CAPEcoreStrategic or Co-development Partner · 4 August 2021Multi-year grant partnership supporting food security programs including online/mobile ordering system, Farmers' Market Coalition programs, and Project Gratitude for local veterans. Sustainable CAPE focuses on bridging gaps between food growers and consumers while supporting local economy.
• Coastal Community CapitalcoreStrategic or Co-development Partner · 24 May 2021Administered $2 million loan fund for child care and early education providers in response to COVID-19 impacts. Loans of up to $50,000 at 3% fixed rate for 7 years for reopening and retrofit costs in Barnstable, Nantucket, Dukes, Plymouth and Bristol counties. Cape Cod 5 provided $10,000 grant for administration costs.
• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerSBA lender partnership with Cape Cod 5 named #1 SBA Lender of the Year to Women Entrepreneurs in Massachusetts for fiscal year 2021, approving over $2.5 million in SBA loans with 50% to women-owned businesses.
• MassHousingcoreStrategic or Co-development PartnerPartnership with Massachusetts housing finance agency for workforce and affordable housing. Cape Cod 5 recognized as #1 MassHousing lender headquartered on Cape Cod for multiple consecutive years.
• MassHireminorStrategic or Co-development PartnerStatewide network connecting businesses and jobseekers. Cape Cod 5 supports workforce development initiatives in the region.
• Alliance for Business LeadershipminorStrategic or Co-development PartnerCoalition of progressive business leaders focused on economic inequality and social mobility. Cape Cod 5 supports through membership and involvement.
• Amplify POC Cape CodminorStrategic or Co-development PartnerOrganization eliminating racial wealth gap by providing accessible resources and education for communities of color. Cape Cod 5 supports their mission.
• Cape Cod Young ProfessionalsminorStrategic or Co-development PartnerOrganization connecting emerging workforce and community leaders on Cape Cod. Cape Cod 5 supports youth professional development.
• South Eastern Economic Development Corporation (SEED Corp)minorStrategic or Co-development PartnerRegional nonprofit economic development corporation financing small businesses in Massachusetts and Rhode Island.
• Coastal Community CapitalcoreStrategic or Co-development PartnerCommunity development financial institution providing loans to Massachusetts businesses since 1995, having provided millions in loans and creating/retaining over 5,000 jobs.
• EVERFIcoreStrategic or Co-development PartnerStrategic partnership (2021) providing free digital education courses for middle/high school students focusing on financial literacy, diversity and inclusion, and health and wellness.
• FitMoneyminorStrategic or Co-development PartnerPhilanthropic nonprofit providing free, unbiased financial literacy programs for K-12 students in Cape Cod 5 communities.
• Cape Cod Community CollegeminorStrategic or Co-development PartnerLocal community college providing open access to affordable academic programs and career preparation.
• The Cape Cod FoundationminorStrategic or Co-development PartnerCommunity foundation strengthening communities through resource building and investment, also facilitating Institute for Nonprofit Practice locally.
• Mass SavecoreStrategic or Co-development PartnerEnergy efficiency partnership offering 0% APR HEAT loans for home energy improvements. Cape Cod 5 has funded over $12 million in HEAT loans and 914 loans.
• Cape Light CompactminorStrategic or Co-development PartnerEnergy services organization serving 21 towns on Cape Cod and Martha's Vineyard, delivering energy efficiency programs and renewable electricity supply.
• Association to Preserve Cape Cod (APCC)minorStrategic or Co-development Partner50+ year organization restoring natural resources, procuring better environmental policy, and bringing in funding to protect Cape Cod environment.
• Cape Cod Climate Change CollaborativeminorStrategic or Co-development PartnerNonprofit reducing climate contribution and protecting Cape & Islands region from climate impacts.
• Cape Cod CommissionminorStrategic or Co-development PartnerCounty agency protecting Cape Cod's unique values and quality of life through balanced environmental protection and economic progress.
• New England for Offshore WindminorStrategic or Co-development PartnerRegional coalition advocating for offshore wind in New England states.
• Solarize Plus YarmouthminorStrategic or Co-development PartnerProgram sponsored by town of Yarmouth and State Clean Energy Center to reduce solar costs for residents.
• Delbrook | JKScoreImplementation/ SI/ Consulting PartnerConstruction partner for HQ5 headquarters project - environmentally sensitive campus development.
• Brown Lindquist Fenuccio & Raber Architects (now Catalyst Architecture & Interiors)coreImplementation/ SI/ Consulting PartnerArchitecture firm for HQ5 headquarters project that achieved LEED Gold certification. Now known as Catalyst Architecture & Interiors.
• Habitat for Humanity of Cape CodminorStrategic or Co-development PartnerNonprofit developing affordable homes on Cape Cod. Local families help build homes and pay affordable mortgages.
• Housing Assistance CorporationminorStrategic or Co-development PartnerHousing programs and services throughout Cape Cod, Martha's Vineyard and Nantucket including financial assistance, foreclosure counseling, and housing advocacy.
• Housing NantucketminorStrategic or Co-development PartnerOnly Island nonprofit dedicated to affordable housing solutions for Nantucket's year-round community.
• Island Housing TrustminorStrategic or Co-development PartnerNonprofit Community Land Trust creating and sustaining permanently affordable housing on Martha's Vineyard.
• Plymouth Area Coalition for the HomelessminorStrategic or Co-development PartnerOrganization nurturing and empowering families/individuals by providing shelter, food, and educational resources.
• Turning Point of WarehamminorStrategic or Co-development PartnerNonsectarian organization empowering those challenged with homelessness and near homelessness through supportive services.
• Massachusetts Military Support FoundationminorStrategic or Co-development PartnerPrograms and services enhancing well-being for Veterans, active-duty Military and their families in Massachusetts.
• Martha's Vineyard Community ServicesminorStrategic or Co-development PartnerBroad range of services supporting overall health and well-being of Island children, teens and families.
• South Shore Community Action CouncilminorStrategic or Co-development PartnerPrivate nonprofit providing critical services to low-income individuals and families on South Shore of Massachusetts since 1965.
• Freddie MaccoreChannel Partner/ Reseller/ DistributorFirst-time homebuyer education through CreditSmart Homebuyer U Course - completion qualifies for specific first-time homebuyer mortgage products.
• Fannie MaecoreChannel Partner/ Reseller/ DistributorFramework Homeownership Course for first-time homebuyers - completion qualifies for specific first-time homebuyer mortgage products.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Berkshire Hills Bancorp (Berkshire Bank): New England community bank with comparable mix of retail deposits, commercial lending, mortgage, and wealth management. Comparable scale and overlapping geographic footprint in Massachusetts.
• Salem Five Bank: Massachusetts mutual savings bank offering checking, savings, mortgages, commercial lending, and wealth services across the North Shore and Greater Boston. Same mutual community bank model and overlapping product set.
• Brookline Bank (Brookline Bancorp): Greater Boston community bank providing deposit, mortgage, commercial lending, and wealth management products. Comparable in product scope, customer segments, and Massachusetts retail focus.
• Rockland Trust (Independent Bank Corp): Massachusetts-headquartered community bank with a similar full-service retail, business, mortgage, and wealth management offering across New England. Closest publicly traded comparable in geography, product mix, and target customer (individuals, small businesses, nonprofits).
• Cambridge Savings Bank: Massachusetts-based mutual savings bank with consumer banking, mortgage, business banking, and wealth management. Directly comparable mutual community bank model serving similar Eastern Massachusetts demographics.
• Fidelity Bank (Mutual Bancorp partner): Massachusetts community bank sharing Mutual Bancorp as parent holding company with Cape Cod 5. Directly comparable in product mix (deposits, mortgage, business banking) and serves as the strategic partner in the holding company structure.
• East Boston Savings Bank (Meridian Bancorp/MBSB): Massachusetts mutual savings bank serving consumers and small businesses with deposits, mortgages, and wealth services. Highly comparable mutual structure, product mix, and Massachusetts retail focus.
• Dedham Savings Bank: Massachusetts mutual savings bank with consumer and business banking, mortgages, and wealth services. Similar mutual structure, retail focus, and Southeastern Massachusetts presence.
• Enterprise Bank (Enterprise Bancorp): Massachusetts community bank with personal banking, commercial lending, cash management, and wealth services. Comparable scale, Greater Boston-area presence, and business banking emphasis.

Broad incumbents

• Citizens Financial Group: Large regional bank with major retail, mortgage, and commercial banking presence across Massachusetts and New England. Overlaps significantly in deposit and mortgage products but at much greater scale and broader geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/CapeCodfive
• Facebookfacebook.com/capecodfive
• LinkedInlinkedin.com/company/cape-cod-five-cents-savings-bank
• Instagraminstagram.com/capecodfive/?hl=en
• Xx.com/capecodfive

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cape Cod Five Cents Savings Bank