On Friday March 10, 2023, California based Silicon Valley Bank (SVB) was closed by state regulators and placed into receivership with the Federal Depositors Insurance Corporation (FDIC). Founded in 1983, SVB provided financing for almost half of US venture-backed technology and is familiar to many New Englanders for its 2021 purchase of Boston Private Bank. […]
The Cooperative Bank of Cape Cod has appointed Jay Fabbio to the position of Assistant Vice President, Marstons Mills Branch Manager – Small Business Specialist. Jay, of East Falmouth, is a knowledgeable and accomplished financial services professional with more than two decades of retail banking and insurance experience. Jay joins The Coop from Citizens Bank, where he served as branch […]
Winter is the perfect time for local business owners to reevaluate their point-of-sale (POS) payment processing strategies as they reflect on the holiday season and look toward another busy spring and summer. If you experienced processing system outages due to obsolete technology during the peak shopping season or realized that by only accepting cash your […]
One of the most important functions of business records is to prepare you (or your accountant) for filing tax returns. To help make things easier for yourself, you may want to set up a record-keeping system that captures information in a way that matches the demands of the IRS. If you are a sole proprietor, […]
Most of us don’t spend much time worrying about how safe our money is in the bank. And we shouldn’t. However, during these uncertain economic times, it is more important than ever to be aware of a few nuances to ensure your bank is fully safeguarding your deposits. FDIC Insurance is the first step. The […]
As the New Year approaches, we’re all thinking about resolutions and goals. Before you dive in, consider reviewing your credit score. You may be asking, what goes into “good credit.” Let’s look at the five prongs that go into a credit score, starting from the lowest to the highest. So at 10% your credit mix. […]
The Cooperative Bank of Cape Cod Charitable Foundation Trust (The Coop Foundation) has awarded $40,000 in grants to six local nonprofit organizations dedicated to enhancing the quality of life in the region. The new grants awarded mirror the bank’s corporate giving focus areas for fiscal year 2023 – Housing Initiatives and Solutions, and Social Justice and Racial Equity. “I congratulate […]
The Cooperative Bank of Cape Cod has announced the winners of its 10th Annual #MyCapeCod Photo Contest. The annual contest offers amateur photographers, age 13 and older, the opportunity to enter a photo that reflects what they think makes Cape Cod a wonderful place to visit, live or work. Photos are judged on originality, creativity, […]
A Holiday Message from The Coop (2022) Click here to view an accessible transcript The Cooperative Bank of Cape Cod supported several local nonprofits during the holiday season, benefiting community members in need throughout the Cape Cod and South Shore region. The Homeless Prevention Council was the beneficiary of The Coop’s annual Stuff-a-Stocking clothes […]
The Cooperative Bank of Cape Cod has announced the promotion of six client relationship experts in recognition of individual performance and successes within the organization. “Our client focused personnel represent the front-line of the bank and have the important role of interacting with The Coop’s clients and small business customers on a daily basis,” said […]