Bank · FDIC insured
Mechanics Cooperative Bank
A $898.8M bank headquartered in Taunton, MA, with 9 branches in Massachusetts. Best rates: CDs 4.15% and savings 0.10% APY.
Mechanics Cooperative Bank Carrot Score
73
Carrot Score
Higher than 33% of U.S. banks and credit unions
#30 of 44 in Providence, RI-MA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Mechanics Cooperative Bank
Founded in 1877 as one of the first cooperative banks in Massachusetts, Mechanics Cooperative Bank was established on principles of systematic saving, accessible lending, and community support.
The bank serves the Southcoast of Massachusetts through nine local branch locations.
Through decades of growth, it has expanded through two key mergers and entered into a merger partnership with MountainOne.
- Headquarters
- 316 Broadway, Taunton, MA 02780
- FDIC certificate
- 26634 ↗
Branches
9 branches in Massachusetts
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Massachusetts
9 branches
Providence area · 8
- Mechanics Cooperative BankMain office316 Broadway, Taunton, MA 02780Directions
- 60 Bedford Street Branch60 Bedford St, Fall River, MA 02720Directions
- New Bedford Branch1238 Kempton St, New Bedford, MA 02740Directions
- North Dighton Branch596 Somerset Ave, North Dighton, MA 02764Directions
- 1236 County St Branch1236 County St, Somerset, MA 02726Directions
- 201 Gar Hwy Branch201 Gar Hwy, Swansea, MA 02777Directions
- Taunton Branch75 County St, Taunton, MA 02780Directions
- 165 State Rd Branch165 State Rd, Westport, MA 02790Directions
Boston area · 1
- 72 Main Street Branch72 Main St, Bridgewater, MA 02324Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 12.38% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.03% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.24% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $110 | $81 | — |
- CapitalLeverage ratio12.38%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.03%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.24%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$110Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Mechanics Cooperative Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.