Company Profile
- Mutual Bancorp (“Mutual" or "the company”), headquartered in Hyannis, Massachusetts, is a $7.1 billion asset mutual holding company (2nd largest in the Commonwealth), parent of Cape Cod Five Cents Savings Bank ("Cape Cod Five" or “the bank”) founded in 1855 and Fidelity Co-operative Bank (“Fidelity”). The company operates 37 locations across tourism-focused communities, including Cape Cod, Martha’s Vineyard, Nantucket, Central, and Southeastern Massachusetts. The holding company is under a “non-stock” mutual company ownership structure, and therefore, is owned by its depositors.
- Mutual Bancorp completed a $1.5 billion merger with Fidelity in April 2024 which added 13 banking centers in the Central Massachusetts area. While the company has primarily focused on organic, relationship-centered growth, the acquisition of Fidelity expanded its footprint and diversified its deposit mix and loan portfolio.
- Reflecting its mutual status, the company…