The Cooperative Bank of Cape Cod to expand its footprint to Falmouth

The Cooperative Bank of Cape Cod will cap off its 90th Anniversary year and usher in the new year by expanding its footprint to Falmouth.  The bank plans to open its seventh branch at 649 Main Street in Falmouth in early 2012. The Falmouth Zoning Board of Appeals paved the way last week by signing the special permit request to allow for change-of-use of the first floor of the building.

“Falmouth is a natural expansion area for us and one we’ve been eyeing for a long time,” said Joel Crowell, President of The Cooperative Bank of Cape Cod. “We do a great deal of business in Falmouth so it’s important to have a branch in the community. Local decision making and local relationships are at the heart of community banking.”

Initially the branch will offer a 24-hour full service ATM, residential and commercial lending services, and a business development officer.  The current business plan does not call for bank tellers at this location. “We believe community banking is exactly what Falmouth residents and businesses are looking for, and that’s what we’ve offered across Cape Cod for ninety years,” added Crowell.

“We’re looking forward to growing in the Falmouth market and being part of both the business and philanthropic communities,” said John Fulone, Chief Marketing Officer of The Cooperative Bank of Cape Cod. “This temporary branch is step one and gives us the opportunity to better serve the local market, while we continue to search for a permanent Falmouth location. It’s certainly an exciting way to kick off the next ninety years.”

The Cooperative Bank of Cape Cod is an independent, local, mutual community bank with over $620 million in assets. Established In 1921, the bank celebrated its milestone 90th Anniversary in 2011. The bank is headquartered in Hyannis with branches on Route 6A in Yarmouth Port, East Dennis and West Barnstable; in Sandwich at 275 Cotuit Road; in Hyannis at 695 Attucks Lane in Independence Park; and in East Harwich at 1470 Orleans Road/Route 39.  For more information, visit www.mycapecodbank.com, www.facebook.com/mycapecodbank, or call 508.568.3400.