Walpole Co-operative Bank

Name

Walpole Co-operative Bank

Legal name

Walpole Co-operative Bank

Website

https://walpolecoop.com

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking
• Retail banking services
• Commercial lending
• Mortgage lending
• Small business banking

Headquarters

HQ city

Walpole

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Revenue model

1. Interest Income from Lending: The bank generates revenue primarily through interest earned on loans including residential mortgages, commercial mortgages, construction loans, business loans, home equity lines of credit, and consumer loans. Interest rates vary by product type and term.
2. Deposit Interest Expense: The bank pays interest on deposits including checking accounts, savings accounts, money market accounts, and certificates of deposit. Interest rates range from 0.10% APY on basic checking to 4.05% APY on special CD offerings.
3. Fee Income: The bank charges various fees including overdraft fees ($15), NSF fees ($15), wire transfer fees ($10-$20), stop payment fees ($12), safe deposit box rentals ($40-$150/year), and business account service charges.
4. Interchange Revenue: Revenue generated from debit card transactions including Mastercard interchange fees on consumer and business debit card purchases.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Walpole Co-operative Bank is an independent, mutual community bank chartered by the Commonwealth of Massachusetts, founded in 1912, that provides personal and business deposit products (checking, savings, money market, CDs, IRAs), residential and commercial lending (mortgages, home equity, SBA, construction, real estate loans), digital banking (online and mobile, Zelle, Mastercard debit cards), and business cash management tools (remote deposit capture, ACH, wires, positive pay). It serves individuals, small-to-medium businesses, and non-profit organizations in Walpole, MA and surrounding towns. Deposits are fully insured through a combination of FDIC and Depositors Insurance Fund (DIF) coverage.

Product overview

Walpole Co-operative Bank is a community bank founded in 1912, headquartered in Walpole, MA, offering a unified suite of personal and business banking products organized around three pillars: Deposit Accounts (personal checking, savings, CDs/IRAs, and business checking/savings), Digital Banking (online banking, mobile banking, Zelle, and debit cards), and Lending (mortgages, home equity, community lending, and commercial/small business loans including SBA products). The bank does not operate a modular platform but rather delivers all services through its proprietary digital interfaces powered by Fiserv for mobile banking. Key differentiating offerings include community lending programs in partnership with the Federal Home Loan Bank of Boston (HOW, Equity Builder, Lift Up Homeownership), SBA 504 and Express Loans, a Cash Management suite for businesses (Remote Deposit Capture, ACH Manager, Wire Manager, Positive Pay), and financial literacy programs for students at local schools. The bank also provides an extensive educational resource library (Money IQ) and a Security Center with scam alerts for customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts A suite of personal checking account options including Easy Checking (no minimum balance, no fees), Easy Interest Checking (interest-earning with $500 minimum to avoid fees), High Rate Checking (tiered rates with $2,500 minimum), and Senior NOW Checking (for customers aged 62+, no fees or minimum balance).
• Personal Savings Accounts Savings products including Statement Savings (no minimums or fees), Passbook Savings (record-based, passbook required for transactions), and Personal Money Market Account (tiered rates with $1,000 minimum to avoid fees).
• Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) Fixed-term CD products (terms from 3 months to 5 years, including step-up certificates) and Traditional or Roth IRA options. CD Specials include promotional rates on 6-, 7-, 10-, 12-, and 15-month terms. IRA options include variable rate IRAs with tiered rates starting at $20 minimum deposit.
• Business Checking Accounts Four business checking tiers: Easy Business Checking (no minimums, no fees), Business Checking (earnings credit to offset fees, for larger businesses), Non-Profit NOW Account (for local non-profits), and Interest on Lawyers' Trust Accounts (IOLTA) for attorneys.
• Business Savings Accounts Business Statement Savings Account (no maintenance fees) and Business Money Market Account (tiered rates, $1,000 minimum to avoid monthly fee). Both accounts can be linked to business checking for overdraft protection.
• Online Banking 24/7 web-based banking platform for personal accounts. Features include real-time balance viewing, transaction history, check imaging, account alerts, secure dual authentication (Secure Now), eStatements, bill payment (same-day and next-day options), TransferNow for external transfers, and Zelle money transfers.
• Mobile Banking Smartphone and tablet app for personal accounts. Powered by Fiserv, it enables check deposits via mobile camera, account access, fund transfers, spending limit controls, card on/off toggling, spending tracking, and access to all Online Banking features. Available for Apple iOS and Android.
• Zelle Real-time person-to-person payment service integrated into online and mobile banking. Allows customers to send and receive money directly from their accounts using email addresses or U.S. mobile numbers, typically within minutes. No bank fees.
• Mastercard Debit Card (Personal) Mastercard-branded debit card with tap-to-pay contactless functionality, mobile wallet compatibility (Apple Pay, Google Pay, Samsung Pay), surcharge-free ATM access via SUM network, cash-back at merchants, spending controls via mobile banking, and fraud monitoring with two-way text alerts.
• Mastercard Debit Card (Business) Mastercard Business Debit Card enabling in-person and online purchases, cash withdrawals at ATMs (SUM, NYCE, Accel, Cirrus networks), contactless tap-to-pay, and card controls via business mobile banking including spending limits, location controls, and card on/off functionality.
• Business Online Banking Web-based banking platform for business accounts. Provides account information, paperless eStatements, data exports for accounting software, fund transfers between accounts, online bill payment with recurring scheduling, paper check ordering, and access to cash management tools including ACH Manager, Wire Transfer Manager, and TAS Positive Pay.
• Business Mobile Banking Mobile app version of Business Online Banking for iOS and Android. Allows check deposits via camera, card controls (spending limits, location preferences, card on/off), real-time account access, fund transfers, and activity monitoring.
• Cash Management Suite of business treasury tools within Business Online Banking: Remote Deposit Capture (scanner-based electronic check deposits from office), Merchant Card Services (credit card acceptance for businesses), Wire Transfer Manager (domestic and international wire transfers), ACH Transaction Manager (electronic payments and deposits), and TAS Positive Pay (fraud protection via transaction authorization tools).
• Mortgages and Home Financing Residential mortgage products including First-Time Homebuyer Program (lower rates, down payment assistance, reduced PMI), Adjustable Rate Mortgages (ARM) for short-term buyers, Fixed-Rate Mortgages for long-term homeowners, and Community Loans through Federal Home Loan Bank of Boston partnerships (HOW, Equity Builder, Lift Up Homeownership Programs).
• Home Equity Line of Credit Revolving line of credit secured by home equity. Accessible via provided checkbook or by linking to a Walpole Co-operative Bank checking account. Interest may be tax-deductible. Applications processed through the bank's mortgage web center.
• Community Lending Programs Specialized homeownership assistance programs including Federal Home Loan Bank of Boston partnerships: Housing Our Workforce (HOW, 2-to-1 matching grants for buyers earning 80-120% of area median income), Equity Builder Program (grants for buyers up to 80% of HUD median income), and Lift Up Homeownership Program (assistance for first-time minority homebuyers up to 120% AMI). Also includes Freddie Mac Home Possible Program.
• Commercial Loans and Lines of Credit Business lending products including Term Loans (flexible rates and repayment schedules for equipment or fixed assets), Lines of Credit (working capital access with vendor discount advantages), and Letters of Credit (import/export trade support and standby letters for ongoing transactions).
• Construction Loans Construction financing for business owners to acquire land and build commercial buildings, residential subdivisions, or single-family, cluster, and condo developments.
• Commercial Real Estate Loans Commercial mortgage and refinancing products for business owners to purchase property for business operations or long-term investment, plus Multi-Family Housing Loans for purchasing, rehabilitating, or constructing multi-unit properties.
• SBA Lending Small Business Administration loan products including SBA 504 Loans (long-term financing for owner-occupied land, buildings, and machinery with special rates and down payments) and SBA Express Loans (for equipment, fixed assets, and working capital). Also participates in Invest MA (Commonwealth of Massachusetts) and Jobs for New England (Federal Home Loan Bank of Boston) programs.

Quantifiable outcome

• Full deposit insurance coverage for all deposits through FDIC and DIF combination
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Small Business Administration (SBA)coreStrategic or Co-development PartnerStrategic partnership with the SBA to provide small business financing. The bank offers SBA 504 Loans for long-term owner-occupied land, buildings and machinery with special interest rates and down payment requirements, and SBA Express Loans for equipment, fixed assets and working capital needs.
• Federal Home Loan Bank of BostoncoreStrategic or Co-development PartnerPartnership through the Federal Home Loan Bank of Boston's Jobs for New England (JNE) Program providing below market-rate small business loans to help create and/or retain jobs in New England. Also provides access to community lending programs including Housing Our Workforce, Equity Builder, and Lift Up Homeownership.
• Commonwealth of MassachusettscoreStrategic or Co-development PartnerPartnership with the Commonwealth of Massachusetts through the Invest MA program designed to provide financing for creditworthy small businesses to grow and create jobs. The program supports urban revitalization and low-moderate income census tracts. Generated $115.4M in loans to 83 small businesses as of March 2026.
• Freddie MacminorStrategic or Co-development PartnerPartnership with Freddie Mac to offer the Home Possible Program providing low down payment solutions for eligible borrowers including very low-to low-income buyers, first-time buyers, move-up borrowers, and retirees.
• Early Warning Services (Zelle)coreTechnology or IntegrationPartnership with Zelle (operated by Early Warning Services, LLC) to provide fast peer-to-peer money transfer capabilities integrated within online and mobile banking. No fees charged for Zelle transactions.
• FiservcoreTechnology or IntegrationTechnology partnership with Fiserv powering the bank's mobile banking application. The Fiserv-powered app provides real-time account access, check deposits, fund transfers, bill payment, and debit card management.
• MastercardcoreTechnology or IntegrationMastercard debit card partnership providing consumer and business debit cards with contactless payment capabilities (tap to pay), mobile wallet compatibility (Apple Pay, Google Pay, Samsung Pay), and fraud protection monitoring.
• American Bankers AssociationminorStrategic or Co-development PartnerPartnership providing interactive financial calculators for the bank's website covering home financing, personal finance, investment, and retirement planning topics.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• North Shore Bank: Massachusetts-chartered mutual savings bank on the North Shore. Overlaps directly with Walpole in mutual structure, branch-banking model, and personal/business deposit and lending products.
• Reading Cooperative Bank: Massachusetts cooperative bank serving consumers and small businesses north of Boston. Mirrors Walpole's mutual structure, deposit-centric model, and consumer/SME lending mix.
• Brookline Bank: Massachusetts-based community bank offering consumer and business deposit and lending products. Comparable co-marketed retail/commercial banking proposition within the Greater Boston/Massachusetts market.
• Cambridge Savings Bank: Massachusetts-based mutual savings bank providing personal and business banking, mortgages, and cash management. Closely aligned with Walpole on product breadth, mutual structure, and customer segments.
• East Cambridge Savings Bank: Massachusetts-chartered mutual savings bank serving consumer and small business customers in the Greater Boston area. Operates a similar relationship-based community bank model with comparable deposit and lending products.
• Sharon Co-operative Bank: Massachusetts state-chartered cooperative bank in neighboring Sharon, MA. Directly comparable to Walpole Co-operative Bank in size, mutual ownership, single-branch community model, and personal/business banking focus.

Broad incumbents

• Rockland Trust: One of the largest Massachusetts community banks, owned by Independent Bank Corp. Offers the same consumer/SME deposit and lending products as Walpole but operates a statewide branch network with materially greater scale.
• HarborOne Bank: Larger Massachusetts-based community bank with a much broader branch footprint throughout southeastern MA and Rhode Island. Comparable deposit and lending product set but scaled and geographically diverse in ways Walpole is not.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/walpolecoop
• LinkedInlinkedin.com/company/walpole-co-operative-bank

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Walpole Co-operative Bank