Canton Co-operative Bank company profile | Canton Co-operative Bank news

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Canton Co-operative Bank is a 100% independent, local and mutual bank in Massachusetts, US. The Bank is fully insured by Federal Deposit Insurance Corporation (FDIC) with certificate number 26450 and the Shore Insurance Fund (SIF). The assigned Fed RSSD ID of Canton Co-operative Bank is 379470.

Who owns Canton Co-operative Bank?

Established in 1891, Canton Co-operative Bank is a public company and has around $0.16 billion in assets. The Bank is rated “5-Star for Strength & Stability” as “one of the strongest banks in the country,” according to BauerFinancial, a bank-rating service firm based in Coral Gables, Florida. The Bank’s website is supported by 36 technologies, including SPF, Viewport Meta, and iPhone / Mobile Compatible.

Canton Co-operative Bank Branches

Canton Co-operative Bank’s general market area includes Canton and the Boston-Metro South Region. The Bank currently renders its services through one single branch situated in Massachusetts. Canton Co-operative Bank does not have any offices outside Massachusetts.

Canton Co-operative Bank product portfolio

The Bank offers personal and business banking, certificates of deposits, credit cards, mortgages, 1-4 Family residential loans, construction and development loans, and other related services to US customers.

Canton Co-operative Bank Financial Facts

Based on financial metrics, as of June 30, 2022, Canton Co-operative Bank had assets of $158,067,000, deposits of $137,364,000, loans of $76,466,000 and net income of $294,000.

Canton Co-operative Bank had $1,162,000 in non-current loans and zero-owned real estate.

The Bank enjoys a Texas Ratio of 6.19% as it had equity of $18,191,000 and loans loss reserves of $579,000 to meet any possible losses in the future.

Canton Co-operative Bank Return on Equity

Canton Co-operative Bank has reported a 3.01% return on equity (ROE) compared to the US Bank Average of 9.98%.

Canton Co-operative Bank Capitalization

Canton Co-operative Bank has a market capitalization of 11.51% as against US Bank Average of 10.23%.

Canton Co-operative Bank full address and website

Canton Co-Operative Bank

671 Washington Street

Canton, MA 02021

Contact

Phone Number: (781) 828-8811

Website: www.cantoncoopbank.com

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