Wrentham Cooperative Bank

What Wrentham Cooperative Bank does

Wrentham Cooperative Bank is a Massachusetts-chartered mutual cooperative bank, founded in 1901 and headquartered at 102 South Street, Wrentham, MA, with two additional branches in Wrentham and Norfolk, Massachusetts. The institution operates without stockholders, structured as a depositor-owned cooperative under Massachusetts co-operative banking law, and is governed by a Board of Directors chaired operationally by President & CEO Scott G. Terrien. It serves individual consumers, students, first-time homebuyers, and small-to-mid-sized local businesses within a tightly defined service area spanning Bristol County and Norfolk County, MA, plus the town of Cumberland, RI, with a workforce of 101–250 employees.

The bank offers a full-service retail and small-business banking franchise spanning deposit products (Kasasa Cash/Cash Back/Saver rewards checking, No-Fee Checking, A+ Student Checking, N.O.W. Checking, Statement Savings, Money Market, Premier Money Market, CDs, Traditional and Roth IRAs), consumer lending (fixed-rate and ARM mortgages, jumbo, construction/permanent, home equity, auto, Mass Save HEAT, passbook, cash reserve), card products (Debit MasterCard with Apple/Google/Samsung Pay support, Elan-issued personal and business credit cards), and merchant services distributed through Clover (Go, Flex, Mini, Station Solo/Duo) plus Clover Capital working-capital financing. Digital delivery is provided through a Fiserv-powered online banking platform, a native iOS/Android mobile app with mobile deposit, bill pay, eStatements, and Zelle P2P, a 24-hour Telebank telephone channel, CardValet card controls for business debit cards, and SUM Network surcharge-free ATM access.

Revenue is generated primarily through net interest spread on the loan portfolio (mortgages at 5.25%–6.125% APR, auto at 5.5%–7.5% APR, consumer unsecured at 17% APR, home equity tied to Prime, Cash Reserve at 16% APR) net of deposit interest cost (CDs 0.30%–3.60% APY, Premier Money Market 3.64% APY, Kasasa balances up to 4.00% APY). Non-interest income comes from transaction fees (NSF $35, domestic wire $20, foreign wire $40, stop payment $30, safe deposit box $40–$150), interchange on debit and credit cards, Clover merchant residuals, and Kasasa/Elan partnership economics. The bank's principal go-to-market motions are direct-to-consumer through its branch footprint and self-serve online account opening for consumer deposit products. All deposits are insured by the FDIC up to $250,000 and by the Depositors Insurance Fund (DIF) for amounts above $250,000 — a dual-coverage structure the bank actively markets as a core differentiator.

Name

Wrentham Cooperative Bank

Legal name

Wrentham Cooperative Bank

Website

https://wrenthamcoop.com

Company type

Private

Founded year

1901

Operating status

Operating

Headcount range

101–250 employees

Short description

Wrentham Cooperative Bank is a 1901-founded Massachusetts-chartered mutual cooperative bank operating three branches in Wrentham and Norfolk, MA, serving local consumers, students, first-time homebuyers, and small businesses with deposits, mortgages, consumer loans, and Clover-based merchant services.

Ownership category

akta.pro rank

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Community banking services
• Deposit accounts
• Consumer lending
• Mortgage loans
• Small business banking

Headquarters

HQ city

Wrentham

HQ country

United States

HQ region

North America

Offices3 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. Interest Income: Interest earned on loan portfolio including mortgages, auto loans, personal loans, home equity loans, and commercial loans. The bank offers various mortgage rates ranging from 5.250% to 6.125% APR and auto loans from 6.000% to 7.500% APR.
2. Deposit Interest Expense Savings: The bank pays interest on deposits including CDs, savings, and money market accounts, generating spread income. Current rates include 3.60% APY on 3-month CDs and up to 3.64% APY on Premier Money Market.
3. Fee Income: Various banking fees including NSF fees ($35), wire transfer fees ($20 domestic, $40 foreign), stop payment orders ($30), and safe deposit box rentals ($40-$150 annually). Also includes ATM card replacement fees ($15) and overdraft protection via Cash Reserve loans.
4. Merchant Services: Revenue from Clover point-of-sale systems and payment processing services for business customers, providing transaction processing and business management tools.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Wrentham Cooperative Bank is a Massachusetts-chartered cooperative bank that accepts deposits and originates loans for consumers and small businesses in Bristol and Norfolk Counties, MA. Its deposit franchise spans Kasasa rewards checking, traditional checking, savings, money market, CDs, and IRAs, while its lending portfolio covers residential mortgages (fixed, ARM, jumbo, construction/permanent), home equity, auto, and personal loans. Business customers are served through business checking, business credit cards via Elan Financial Services, and Clover-powered merchant payment processing, all delivered across three branches, online banking, and a Fiserv-powered mobile app.

Product overview

Wrentham Cooperative Bank is a Massachusetts-chartered co-operative bank offering a comprehensive suite of personal and business banking products. The core portfolio includes Kasasa-branded rewards checking accounts (Kasasa Cash, Kasasa Cash Back, Kasasa Saver), traditional deposit products (savings, money market, CDs, IRAs), mortgage and personal loans, and credit/debit cards through Elan Financial Services. Business banking encompasses checking accounts and merchant services powered by Clover POS. Digital banking services including online banking, mobile banking, Zelle P2P transfers, and bill pay are delivered as integrated modules. The bank operates three physical branches in Wrentham and Norfolk, MA, with full deposit insurance through FDIC and DIF.

Differentiator

Problem solved

Functional benefit

Brands

• Kasasa Cash: A checking account that pays 4.00% APY on balances up to $10,000 with refunds on ATM withdrawal fees nationwide.
• Kasasa Cash Back
• Kasasa Saver

Quantifiable outcome

• 4.00% APY earned on Kasasa Cash checking balances up to $10,000
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services provides credit card products for both personal and business customers through Wrentham Cooperative Bank. They offer Low Rate, Cash Back, and Flexible Rewards business credit cards, as well as personal credit cards. Elan has been a trusted provider for over 40 years, offering zero fraud liability, free online expense reporting, and 24/7 cardmember service.
• ClovercoreTechnology or IntegrationClover provides an all-in-one payment processing system through a partnership with Wrentham Cooperative Bank. Clover offers various POS solutions including Clover Go, Clover Flex, Clover Mini, Clover Station Solo, and Clover Station Duo. The platform includes inventory management, employee scheduling, payroll, mobile loyalty programs, and Clover Capital for business financing.
• ZellecoreTechnology or IntegrationZelle is integrated into Wrentham Cooperative Bank's online and mobile banking Bill Pay platform, enabling fast, safe, and free money transfers between bank accounts. Users can send and receive money using just an email address or U.S. mobile number, with transactions typically completing in minutes for enrolled users.
• KasasacoreTechnology or IntegrationKasasa provides reward-based checking and savings account products including Kasasa Cash, Kasasa Cash Back, and Kasasa Saver. These accounts offer high interest rates (up to 4.00% APY), cash back rewards (up to 3.00%), and ATM fee refunds when qualification requirements are met monthly.
• FiservcoreTechnology or IntegrationFiserv powers the Wrentham Cooperative Bank Mobile Banking app, providing real-time account balances, money management, transaction viewing, transfers, bill pay, check deposits, alerts, and card management features.
• SUM NetworkminorChannel Partner/ Reseller/ DistributorWrentham Cooperative Bank is a member of the SUM Network, providing surcharge-free ATM transactions for customers at ATMs within the SUM Network nationwide.
• Mass SaveminorChannel Partner/ Reseller/ DistributorWrentham Cooperative Bank is an approved lender for the Mass Save HEAT loan program, offering 0% APR loans for energy-efficient home improvements. The program requires a no-cost energy assessment through Mass Save.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Greenfield Cooperative Bank: Another Massachusetts-chartered cooperative bank, similarly structured with no stockholders. Highly comparable in product breadth (deposits, mortgages, consumer loans), Massachusetts geographic focus, and cooperative value proposition.
• East Cambridge Savings Bank: Massachusetts cooperative bank offering a similar mix of personal/business banking, mortgages, and digital channels. Overlapping customer profile (local families and small businesses) and balance-sheet strategy make it the closest direct comparator.
• North Shore Bank: A Massachusetts community/cooperative bank with deposit and loan offerings nearly identical to Wrentham's, including DIF-insured deposits and Kasasa-style rewards. Direct overlap in consumer and small-business banking services in MA.
• Brookline Bank: Massachusetts community bank with comparable deposit, lending, mortgage, and digital banking products. Similar branch-led model with online/mobile channels and serving consumers and small businesses in eastern MA.
• Cambridge Savings Bank: Massachusetts savings bank with consumer and business banking, mortgages, mobile/online banking, and DIF-insured deposits. Closely comparable cooperative/savings structure and product menu.
• Salem Five Bank: Massachusetts-based community bank with full personal/business banking, mortgages, and digital channels. Comparable Massachusetts footprint, deposit insurance, and consumer/SMB target segments.
• Rockland Trust (Independent Bank Corp): A larger Massachusetts community bank with consumer and business deposit/lending products, mobile/online banking, and eastern MA footprint. Larger scale but operates the same community-banking playbook as Wrentham.
• Easthampton Savings Bank: Massachusetts savings bank with personal/business deposits, mortgages, and digital banking. Overlapping cooperative-style community bank product mix and Massachusetts market focus.
• Avidia Bank: Massachusetts community bank offering a similar consumer and business deposit, lending, and digital banking menu. Directly comparable MA footprint and customer segmentation.
• Lee Bank: A small Massachusetts community bank with consumer/business banking, mortgages, and digital services. Comparable size and rural/small-town Massachusetts market presence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/wrenthamcoop
• LinkedInlinkedin.com/company/wrentham-cooperative-bank
• Instagraminstagram.com/wrenthamcooperativebank
• Xx.com/wrenthamcoop

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

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 Wrentham Cooperative Bank