The Cooperative Bank of Cape Cod will expand its footprint into Provincetown with the opening of a new ATM location this summer, with plans to open a fully interactive teller machine later this year.
The Coop was awarded the bid for the ATM location by the Provincetown Chamber of Commerce, following a comprehensive presentation of the bank’s long-standing commitment to and legacy of serving residents and businesses in the town. The ATM will be located adjacent to the Chamber’s headquarters at 307 Commercial Street.
The new ATM represents the first physical presence in Provincetown for The Coop amid continued evaluation of options to best meet the needs of the Outer Cape communities. The bank is committed to providing the best value to clients and nonprofit partners.
“We’ve been engaged with the Provincetown community through lending, investments and philanthropic partnerships for decades, so this is a natural progression for the bank,” said Lisa Oliver, President and CEO of The Cooperative Bank of Cape Cod. “Our team, our suite of services, and our resources will now be more accessible to our clients in Provincetown and the Outer Cape.”
“We are thrilled to have The Cooperative Bank of Cape Cod expand its presence on the Cape by opening up an ATM right here in Provincetown’s centrally-located Lopes Square. A physical location here in the heart of Provincetown will only benefit our community on the Outer Cape and improve customer satisfaction,” said Radu Luca, Executive Director of the Provincetown Chamber of Commerce.
The ATM is expected to be open by the end of June to serve clients during the peak tourist season.
The expansion news follows The Coop’s recent funding of $4.5 million for an inclined elevator linking downtown to the Pilgrim Monument and Provincetown Museum. The elevator will create a stronger connection between the monument and the heart of Provincetown, along with improving accessibility to visitors.
The bank also provided $3.3 million in Paycheck Protection Program loans to 28 Provincetown businesses, preserving nearly 300 jobs, during the COVID-19 pandemic.