Dear RCB Customers,
We are excited to announce that Wakefield Co-operative Bank (WCB) will officially be joining Reading Cooperative Bank (RCB) on May 1, 2025. This merger is a significant event combining our neighboring banks and communities that have had centuries of shared history.
As a strong, depositor-owned bank founded in 1886, we remain dedicated to serving our customers and the areas we operate in. Our leadership teams have determined that this partnership is in the best interest of our communities. Our goal is to improve effectiveness and deliver the best banking experience to our customers. We intend to accomplish this by investing in our people, products, and technology to better serve you. Thank you for allowing us to combine our markets for a lasting impact.
What This Means for You:
- Expanded Access: With the addition of WCB’s locations in Wakefield, Lynnfield, and Melrose, you will now have access to more than a dozen convenient branch locations across the North Shore, right where you live, work, and play.
- Enhanced Services: Starting May 1, you can utilize all RCB branches for cash deposits, check deposits, cash withdrawals, and loan payments. Full integration of services will occur on August 4
- Fee-Free ATM Access: You can withdraw funds at any WCB ATM without incurring fees beginning May 1, with full ATM service integration coming in August.
- Signage Updates: You will notice changes to branch signage on May 1.
Deposit Insurance:
You will continue to have same FDIC and DIF deposit insurance that you currently enjoy, ensuring your funds are insured in full and are safe with us.
Stay Informed:
To keep up with the latest updates, please visit www.readingcoop.com.
Thank you for being a valued member of our community. If you have any questions, feel free to reach out to us at 781.942.5000 or email me directly at president@readingcoop.com.
Sincerely,
Julieann M. Thurlow
CEO, Reading Cooperative Bank
