Bank on It: Summer 2023 – A Message from Lisa Oliver

Sand in your shoes, clambakes, the crack of wooden bats and bonfires on the beach – it’s finally summer on Cape Cod.

Lisa Oliver 2020

Lisa Oliver – Chair, President, & CEO

The summer season attracts visitors from around the world to the shores of the Cape every year, but it’s the hospitality of our local friends and neighbors who keep them coming back.

The team at The Coop is here all summer long, even on “perfect 10” beach days, to ensure our customers and business clients have a successful and prosperous season…and let’s not forget worry-free. Given the turbulence in the banking industry earlier this year, it’s important to remind everyone again that The Coop is a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF), which means 100% of deposit balances are insured in full.

The onset of summer is also a great time for business clients to check-in with our team of business specialists to make sure they have the most effective financial tools – including point of sale and cash management solutions – to operate effectively and seamlessly during peak periods.

As always, if we can be of assistance or provide answers to your questions, please call us at 508-568-3400, send an email to [email protected] or visit a branch in-person and ask to speak to a customer service representative or small business specialist.

Comings and Goings, Promotions at The Coop

Mark Linehan

Mark Linehan, retiring Executive Vice President, Chief Financial Officer & Treasurer

professional headshot of Erik Porter, Executive Vice President, Chief Financial Officer and Treasurer with The Coop

Erik Porter, Executive Vice President, Chief Financial Officer & Treasurer

The summer season also brings with it some bittersweet news from The Coop. Mark Linehan, our longtime Executive Vice President, Chief Financial Officer and Treasurer, has recently retired. Mark is a cherished colleague and friend to all of us at The Coop and he will be missed. I sincerely thank Mark for his years of service to The Coop and the banking community and wish him a long, healthy and happy retirement.

We are excited to announce that Erik Porter has succeeded Mark as Chief Financial Officer and Treasurer at The Coop. An accomplished financial services industry executive with more than two decades of experience, Erik joins us from Metro Credit Union in the Boston area. He will be responsible for treasury, forecasting, tax, accounting, asset and liability management and government banking activities.

Welcome, Erik!

The Coop’s Board of Directors also approved several Officer appointments and promotions at its recent annual meeting. Employees recognized for individual performance and demonstrated leadership, along with their new titles, include:

  • Allyson Brainson, First Vice President, Small Business Relationship Manager
  • Chris and Maeghan

    Maeghan DeLellis and Chris Cataldo celebrate at the “40 under 40” awards

  • John Cooke, First Vice President, Marketing Officer
  • Charlotte Green, First Vice President, Residential Mortgage Sales Manager
  • Eric Emmel, Vice President, Group Operations Manager
  • Jen Grivers, Vice President, Mortgage Loan Officer
  • Nikki Rickard, Vice President, Mortgage Loan Officer
  • Kim Olson, Assistant Vice President, Loan Processing and Closing Manager
  • Marcia Glassman, Officer, Credit Analyst
  • Karin Winkfield, Officer, BSA Specialist

In addition, Chris Cataldo, East Harwich Branch Manager – Small Business Specialist and Maeghan DeLellis, Sandwich Branch Manager – Small Business Specialist, received “40 Under 40” honors from Cape & Plymouth Business Media during an event held in mid-June.

Congratulations to all!

Big Brothers Big Sisters event

Coop employees, John Cooke, Mary Lenihan, Matt Varnum, and Jen Deutsch attend a Big Brothers Big Sisters event

The Coop Foundation Awards $43,750 in Grants to Local Nonprofits; Bank Receives Recognition from American Bankers Association

The Cooperative Bank of Cape Cod Charitable Foundation continues to be a major force in supporting nonprofit organizations making a difference and improving lives in our communities.

The Coop Foundation grant recipients for the first quarter the bank’s fiscal year include:

  • $25,000 over four years to Big Brothers Big Sisters of Cape Cod & The Islands for its “Commitment 1,000” initiative to reach, serve and produce positive outcomes, through mentoring, for at least 1,000 children living in its service area.
  • $5,000 to Cape Cod Children’s Place and its “Creating a Culture of Resilience” program, designed to provide nonclinical mental health support through free home visiting services and a public outreach campaign to raise awareness of mental health issues and corresponding support resources.
  • $5,000 to Homeless Not Hopeless to fortify the organization’s net asset account, which is critical to the funding of major repairs and capital improvements to maintain safe and healthy homes for residents.
  • $5,000 to Pause A While to make capital improvements at its new location in Brewster. “The Pause” is a community center for recovery that has the sole purpose of providing a dedicated and warm environment to host 12-step recovery meetings.

I am awed by the dedication and commitment of these deserving organizations and am proud of the Bank’s long-standing support of our community.

The Coop strives to be the epitome of a community bank and we are honored and humbled to have our work recognized on a national level. The Coop recently received an Honorable Mention designation in the American Bankers Association (ABA) Community Commitment Awards competition.

The ABA Foundation’s Community Commitment Awards showcase and recognize banks’ extraordinary acts of service to support the people in their communities and grow their local economies. The Coop was honored for its efforts to help solve Cape Cod’s housing crisis with advocacy for Accessory Dwelling Units (ADUs), town zoning law improvements and affordable housing solutions. As a result of this recognition, Shanika Rogowski, The Coop’s Senior Vice President and Chief Residential Officer was invited to be a panelist/speaker for a recent ABA webinar entitled “Solving America’s Housing Crisis: How Banks are Taking Action and Making an Impact.”

I am so very proud of the work The Coop team does – day in and day out – to make Cape Cod a better and more equitable place to live and work, and the ABA recognition reflects that commitment.

Enjoy the Summer! Wherever You Travel, The Coop is With You

Remember, whether you’re exploring this beautiful peninsula or traveling off-Cape this summer, all Coop clients have access to the Allpoint Network for surcharge-free access to more than 55,000 ATMs in the U.S. (including Puerto Rico), Canada, the United Kingdom, Australia and Mexico.

Allpoint Network ATMs are safe and secure and located inside several popular retail stores including Walgreens, Target, Speedway, Circle K and CVS Pharmacy – including right here on Cape Cod. Use the embedded link to find an ATM near you, whether you’re at home or on the road. In today’s economic climate, fees and surcharges can add up fast, that’s why participation in the Allpoint Network is yet another great money-saving benefit for Coop customers and clients.

On behalf of everyone at The Coop, I wish you a safe and healthy summer season full of great memories with family and friends.

Best Regards,

Lisa Oliver
Chair, President, & CEO