People over profits, every time.

Ever since we opened our doors, more than a century ago, we've been a cooperative. Which means our customers actually own the bank right along with us. We're a community, not an institution. That's what makes RCB unique.

At RCB, you have a voice—and you matter. Our bank isn't owned by stockholders. It's owned by customers who have their money here. So you, our employees, and the community always have a say in how things are run. We don't have to answer to outsiders who don't understand what the people and business owners of Massachusetts need. We only answer to you.

Here for you, from the beginning

RCB was established in 1886, shortly after cooperative banking in Massachusetts began, with a mission to make it possible for the average "workingman" to purchase a home. We're proud to continue our tradition of helping all kinds of people and businesses realize their plans and dreams.

You choose our board and bylaws

RCB has a board of directors democratically elected by our customers, and bylaws that govern how we operate. Our employees and customers recently voted to amend our bylaws, making it harder to convert the bank's charter. Now, a super majority and two-thirds of our customers with checking or savings accounts are needed for a change to happen.

A foundation that gives back

The Reading Cooperative Charitable Foundation grew out of our cooperative spirit: people joining together to meet the financial needs of the communities we serve. Today, the Foundation awards grants for causes like education, the arts, the environment and fighting poverty.