I hope your 2025 is off to a great start.
This year will be transformative for me and The Cooperative Bank of Cape Cod as I plan to retire in the fall. The past eight years working with the Bank and you have been an extraordinary capstone to my career.
Our Board of Directors has established a search committee to guide a smooth leadership transition, with a focus on selecting an experienced banking leader who embodies the values of community banking and a commitment to client relationships, community engagement and sustainable growth. More to come as the year progresses!
Meeting the Needs of Business Owners
We recently strengthened our Business Banking team to meet the increasing demand for tailored financial solutions to help our local businesses thrive. Please join me in congratulating Allyson Brainson and Robert Carey on their well-deserved promotions and welcoming back Donald Robicheau!
- Allyson, Business Banking Market Leader, will lead a dedicated team focused on supporting businesses. With more than two decades of banking experience, Allyson has been a trusted partner for local business owners since joining the Bank in 2021. Her team includes Glenn FitzGerald, Kathy Granlund, and Donnie Robicheau.
- Rob, Commercial Banking Market Leader, will oversee a team of experienced Commercial Relationship Managers – Jamie Cannavo, Mary Lenihan, and Joni Traficante – who specialize in helping businesses with complex financial needs. Since joining us in 2013, Rob has built strong relationships with business owners, offering strategic financial solutions that support long-term growth and success.
- Donnie returns with nearly 20 years of experience in banking and a passion for supporting small businesses. Previously serving in roles such as Treasury Management Officer and Small Business Relationship Manager, Donnie brings valuable insight and expertise to the team. As an Accredited Payments Risk Professional (APRP), he is well-versed in helping businesses navigate financial security and optimize their banking operations.
As always, We’re Here to Business!
Spring Cleaning: Not Just for Homes
Now is a perfect time to get a jumpstart on spring cleaning – but I’m not referring to organizing the basement or going through closets. I’m talking about updating or “cleaning” your contact information with us.
Your life – including email address, phone number(s) and other key information – likely have changed since you first started your accounts.
Have an ex-spouse or significant other but never removed them from your account? They can lawfully access funds until you update that information. Same applies for business and nonprofit organizations that have leadership changes.
Please take a few moments in the next few weeks to update your contact information with us by visiting one of our branch locations or calling the Customer Assistance Center at 508.568.3400.
Remember, we will never reach out to you directly with unsolicited calls, emails or texts asking for personal data.
Safety & Security
We understand the importance of ensuring the safety and security of your deposits. I’d like to provide you with key information about our deposit protection.
- All deposits with The Cooperative Bank of Cape Cod are fully insured, regardless of the amount.
- Your funds are protected through a combination of FDIC primary insurance and DIF excess deposit insurance, ensuring that every dollar on deposit is covered.
- The FDIC insures deposits up to at least $250,000 per depositor, and the DIF provides coverage for any amount exceeding this limit – resulting in full deposit protection with no cap.
Please note that recent discussions in Washington regarding federal spending pertain to government finances and do not affect individual bank deposits.
For more details, please visit FDIC and DIF
Community Engagement
We encourage our employees to volunteer with local nonprofit organizations that work to improve the lives of our friends and neighbors. That’s why I’m proud to share that Erik Porter, Executive Vice President, Chief Executive Officer and Treasurer, has been appointed to the board of directors of Cape and Islands United Way.
The Cape and Islands United Way is a vital organization, and Erik looks forward to collaborating with fellow board members and donors to address critical needs focusing on health, education, housing and economic stability.
Congratulations, Erik
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Coming Soon
I’m excited to announce that we’re adding “Sandy” to our website in the coming weeks! As our new virtual banking assistant, Sandy will be available 24/7 to provide quick, convenient, and friendly support whenever you need it. Named as a nod to Cape Cod’s beautiful shores, Sandy embodies the coastal charm and welcoming spirit of our community. Stay tuned for more details!
Thanks again for your ongoing support and friendship that inspire us to be Cape Cod’s true community bank.
I’ll be back with another bank update in a few weeks.
Best Regards,
Lisa