What Mansfield Cooperative Bank does

Mansfield Cooperative Bank, now operating under the legal name Bluestone Bank, is a mutual community bank founded in 1872 serving southeastern Massachusetts from its headquarters in Raynham. It provides personal banking products (checking accounts including AddVantage, eVantage, Free Checking, Free Checking for Seniors, and Milestone; savings accounts including High-Yield Savings at 3.25% APY, Statement Savings, Money Market, Holiday Club, and Save Your Way Home; CDs and IRAs; credit cards), business banking (Tiered Interest Checking, Freedom Checking, Commercial Checking, business money markets, cash management, commercial & industrial loans, commercial real estate loans), residential mortgages and home equity products (conventional, FHA, VA, jumbo, ARM, HELOCs, construction loans, down payment assistance), wealth management and trust services through the Bluestone Wealth & Trust division, and specialized municipal banking for government entities and school districts. Distribution spans 12 full-service branches across southeastern Massachusetts (Bridgewater, East Bridgewater, Lakeville, Mansfield, Norton, Pembroke, Plainville/North Attleboro, Raynham, Taunton, West Bridgewater) plus a Marshfield Loan Center and the Raynham Wealth & Trust office, with lending extending into Rhode Island and New Hampshire.

The bank's technology platform centers on a third-party-supported mobile banking app (iOS/Android), online banking portal, mobile remote deposit capture, digital wallets (Apple Pay, Samsung Pay, Google Pay, Mastercard Contactless), Zelle P2P payments, and SMS text banking, supplemented by SavvyMoney for credit monitoring, Enrich for financial education, Osaic Institutions for investment products, and SEI for trust services. All deposits carry 100% insurance through combined FDIC and Depositors Insurance Fund (DIF) coverage — a unique Massachusetts mutual-bank consumer protection. The technology stack is standard for a community bank with no disclosed proprietary AI/ML, in-house models, or advanced data assets.

Revenue is generated primarily through net interest income on the spread between loan yields (mortgages, commercial, home equity) and deposit costs (checking, savings, money market, CDs), supplemented by transaction fees (account, ATM, wire, overdraft), mortgage banking income (origination fees and secondary-market gains on sale), wealth management and trust fees (via Osaic Institutions), and municipal cash management fees. Go-to-market is branch-centered with relationship bankers and loan officers, complemented by online account opening, online appointment scheduling, and a real-estate-referral-driven mortgage origination channel. As of July 1, 2026, Bluestone Bank operates as a subsidiary of Mutual Bancorp, a mutual holding company also encompassing Cape Cod 5 and Fidelity Bank, providing shared operational and technology resources while each bank retains independent branding, local leadership, and community focus.

Name

Mansfield Cooperative Bank

Legal name

Bluestone Bank

Website

https://mansfieldbank.bank

Company type

Private

Founded year

1872

Operating status

Operating

Headcount range

51–100 employees

Short description

Mansfield Cooperative Bank, operating as Bluestone Bank, is a mutual community bank founded in 1872 serving southeastern Massachusetts with personal banking, business lending, mortgages, wealth management, and municipal banking across 12 branches and digital channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

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

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Real Estate (Commercial Property, REITs) (FSABACAH), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Community banking
• Retail banking
• Residential mortgages
• Small business lending
• Wealth management services

Headquarters

HQ city

Mansfield

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: The primary revenue driver is net interest income earned on the spread between interest collected on loans (residential mortgages, commercial loans, home equity) and interest paid on deposits (checking, savings, money market, CDs).
2. Non-Interest Income - Fee-Based Services: Revenue from account service fees, ATM fees, wire transfer fees, overdraft fees, and other banking service charges on personal and business accounts.
3. Mortgage Banking Income: Income from originating and selling mortgage loans, including origination fees, gain on sale of mortgages in the secondary market, and servicing income.
4. Wealth Management & Trust Services: Revenue from investment management fees, trust fees, estate planning services, and insurance product referrals generated through the Bluestone Wealth & Trust division working with Osaic Institutions.
5. Municipal Banking Services: Specialized deposit accounts and cash management services for government entities, school districts, housing authorities, and water departments.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Mansfield Cooperative Bank (now operating as Bluestone Bank) is a mutual community bank serving southeastern Massachusetts with a full suite of personal and business deposit products, residential and commercial lending, wealth and trust services, municipal banking, and digital banking channels. The bank operates 13 branch locations plus a loan center and wealth advisory office, with all deposits insured by FDIC and the Depositors Insurance Fund.

Product overview

Bluestone Bank is a community bank offering a comprehensive suite of banking products and services through a multi-channel platform. The personal banking portfolio includes multiple checking account variants (AddVantage, eVantage, Free Checking, Free Checking for Seniors, Milestone), savings products (High-Yield Savings, Statement Savings, Holiday Club, Save Your Way Home, Money Market), CDs and IRAs, and credit cards. Business banking encompasses tiered checking accounts, commercial checking, business money markets, credit/debit cards, online banking, and cash management services. Home lending includes mortgages (conventional, FHA, VA, jumbo, adjustable-rate), construction loans, home equity loans and HELOCs, plus down payment assistance programs. The Wealth & Trust division provides trust services, estate planning, investment management (via Osaic Institutions), life insurance, and comprehensive wealth management. Municipal banking serves government entities with deposit accounts and cash management. Digital banking is delivered through Online Banking, Mobile Banking App, Text Banking, Bill Pay, Mobile Remote Deposit Capture, Debit Card Controls, and Credit Score monitoring via SavvyMoney. All services are available through 13 branch locations across southeastern Massachusetts and a Marshfield Loan Center, backed by FDIC and Depositors Insurance Fund coverage.

Differentiator

Problem solved

Functional benefit

Brands

• Bluestone Wealth & Trust: Wealth management and trust services division offering investment management, estate planning, and insurance products through partnerships with Osaic Institutions, Inc.

Products and services

• AddVantage Checking Personal checking account with mobile app access and digital banking features for individual consumers.
• eVantage Checking Electronic-focused personal checking account with enhanced digital banking capabilities for individual consumers.
• Free Checking No-fee personal checking account option for individual customers.
• Free Checking for Seniors No-fee personal checking account tailored for senior customers.
• Milestone Account Personal checking account with milestone-based benefits.
• Debit Card ATM and debit card for personal account holders with card controls, contactless payment, and fraud protection.
• High-Yield Savings Account Savings account earning up to 3.25% APY with qualifying ACH credits. $10 minimum deposit to open, no maximum balance limit. FDIC and DIF insured.
• Statement Savings Traditional savings account with periodic statement delivery for individual savers.
• Holiday Club Account Savings account designed to help customers set aside funds for holiday spending goals with periodic withdrawals.
• Save Your Way Home Flexible savings program to help pre-approved customers save for down payment and closing costs, with monthly progress reviews and a $250 closing cost credit.
• Money Market Accounts Interest-earning savings accounts with money market features and competitive rates for personal savers.
• CDs Certificates of Deposit with fixed terms and guaranteed rates for individual savers.
• IRAs Individual Retirement Accounts for tax-advantaged retirement savings.
• IRA CDs Certificates of Deposit held within Individual Retirement Accounts.
• Credit Cards Personal credit cards with contactless payments and online account access via myaccountaccess.com.
• Business Tiered Interest Checking Business checking account with tiered interest rates based on balance levels for small and mid-sized businesses.
• Freedom Checking Business checking account offering flexibility for small business banking needs.
• Commercial Checking Checking account designed for commercial customers with higher transaction volumes.
• Business Money Markets Interest-earning money market accounts for business deposits.
• Business Credit Card Credit card product designed for business spending and cash flow management.
• Business Debit Card Debit card for business accounts with controls and convenience features.
• Business Online Banking Digital banking platform for business customers to manage accounts, transfers, and cash management.
• Cash Management Cash flow management tools for businesses including automated clearing, wire transfers, and liquidity management.
• Commercial & Industrial Loans Commercial and industrial lending for business growth, equipment, and working capital needs.
• Commercial Real Estate Loans Financing for commercial real estate purchases, development, and refinancing.
• Mortgages Residential mortgage products including conventional, FHA, VA, jumbo, and adjustable-rate mortgages, plus a Lock & Shop rate lock program.
• Home Equity Loans Fixed home equity loans for homeowners to access accumulated equity.
• Home Equity Lines of Credit (HELOC) Revolving credit lines secured by home equity with flexible access to funds.
• Construction Loans Financing for residential construction and renovation projects.
• Down Payment Assistance Programs Various DPA programs to help first-time and repeat homebuyers with down payment funds.
• Trust Services & Asset Management Trust services including revocable and irrevocable trusts, trustee services, estate settlement, and investment management accounts for individuals and organizations.
• Estate Planning Estate planning services including will review, power of attorney, healthcare directives, and long-term care planning, plus settlement services.
• Investments Investment products through Osaic Institutions including mutual funds, college savings plans, retirement accounts, and brokerage services.
• Life Insurance Life insurance products including universal life, term life, whole life insurance, and annuities offered through nationwide insurance providers.
• Wealth Management Comprehensive wealth management services through the Bluestone Wealth & Trust division, including financial planning and investment strategy.
• Municipal Deposit Accounts Deposit accounts for municipalities including Government Checking for everyday needs and Government Money Market accounts earning interest while keeping funds accessible.
• Municipal Cash Management Cash management tools tailored for government agencies and public entities including municipalities, school districts, and housing authorities.

Quantifiable outcome

• 3.25% APY on High-Yield Savings Account (with qualifying ACH credits), over 8x the FDIC national average savings rate
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Cape Cod 5coreStrategic or Co-development Partner · 31 October 2025Cape Cod 5 (Hyannis, MA) joined Bluestone Bank under the Mutual Bancorp mutual holding company structure in a partnership announced October 31, 2025 and completed July 1, 2026. Both are long-standing Massachusetts community banks committed to mutuality. Cape Cod 5 serves the Cape and the Islands region. The partnership is not a merger; both banks continue operating under their own names.
• Fidelity BankcoreStrategic or Co-development Partner · 31 October 2025Fidelity Bank (Leominster, MA) joined Bluestone Bank under the Mutual Bancorp mutual holding company structure in a partnership announced October 31, 2025 and completed July 1, 2026. Both are long-standing Massachusetts community banks committed to mutuality. Fidelity Bank serves Central Massachusetts. The partnership is not a merger; both banks continue operating under their own names.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Cambridge Savings Bank: Massachusetts mutual savings bank offering consumer banking, residential and commercial lending, and wealth management. Comparable mutual-charter structure, community-bank focus, and full-service product offering in the Greater Boston market.
• Cape Cod 5: Massachusetts mutual community bank serving Cape Cod and the Islands, now affiliated with Bluestone Bank under the Mutual Bancorp mutual holding company. Same mutual charter, similar product mix (deposits, mortgages, wealth management), and overlapping community-banking DNA — making it the most directly comparable peer.
• Reading Cooperative Bank: Massachusetts cooperative bank offering deposit accounts, mortgages, and consumer lending. Closely matches Bluestone's cooperative/mutual heritage and small-scale community bank profile in Greater Boston suburbs.
• Brookline Bank (Brookline Bancorp): Greater Boston community bank offering personal banking, residential mortgages, commercial lending, and wealth management. Comparable in product mix and Massachusetts community-bank positioning, though operates at larger scale.
• Fidelity Bank (Massachusetts): Central Massachusetts mutual community bank also part of the Mutual Bancorp holding company. Offers a similar personal/business banking, mortgage, and wealth management product suite with comparable deposit insurance positioning; one of the three banks explicitly tied to Bluestone's strategic partnership.
• Salem Five Bank: Massachusetts mutual savings bank offering consumer banking, mortgages, commercial lending, and wealth management across north-of-Boston communities. Comparable mutual structure, mortgage-heavy product mix, and community banking model.
• East Cambridge Savings Bank: Mutual savings bank serving Greater Boston and surrounding communities with deposit, mortgage, and commercial lending products. Similar mutual charter and full-service community banking model in Massachusetts.
• Rockland Trust (INTRUST/Independent Bank Corp): Massachusetts-headquartered community bank serving southeastern MA and broader New England with deposits, mortgages, commercial lending, and wealth management. Similar product breadth and customer segments (consumers, small businesses, municipalities) make it a strong comparable on scale, geography, and GTM motion.

Broad incumbents

• Berkshire Bank: Larger Massachusetts-based community bank with statewide presence offering consumer, small business, mortgage, and wealth management products. Broader geographic footprint and asset base than Bluestone, but overlapping customer segments and community-bank positioning.

Regional players

• MountainOne Bank: Massachusetts community bank serving the South Shore and Cape Cod region with consumer banking, mortgages, and commercial lending. Comparable product mix and small-scale community banking model, but operates in adjacent geographies rather than directly overlapping Bluestone's southeastern MA footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bankbluestone
• LinkedInlinkedin.com/company/bankbluestone
• Instagraminstagram.com/bankbluestone

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Mansfield Cooperative Bank