Banking on Cape Cod

  • Banks’ challenges are businesses’ opportunities

    Banks across the Cape, regardless of size, are confronting unparalleled challenges to their industry – and that makes every business customer all the more valuable to each of them.

  • So, you want to borrow money …

    If you need a commercial loan, the environment is extremely attractive. There are many banks vying for your business as they shift more into business banking as the residential mortgage market dwindles due to competition and a down housing market.

  • Cape Cod Cooperative Bank: Moving to bigger headquarters

    This spring, Cape Cod Cooperative Bank moves into its new operations center in Independence Park, making Hyannis its headquarters – and selling its smaller, longtime Willow Street location to the Bilezikian family, former owners of Christmas Tree Shops.

  • Bank of Cape Cod: Enters during challenging times

    Bank of Cape Cod opened last fall in the midst of turmoil within its industry – from pinched profits to a tumbling housing market. Yet, in many ways, its timing may prove impeccable.

  • Cape Cod Five Cents Savings Bank: Working to stay No. 1 in Cape market

    Dorothy Savarese had barely began her tenure as CEO of Cape Cod Five Cents Savings Bank before encountering the brew of challenges facing her entire industry. She also has had to maneuver within an increasingly competitive market that includes not only arriving mega banks, but also a new community bank whose CFO once worked with her at Cape Cod Five.

  • The Community Bank: Betting that 'small' is a plus

    The Community Bank – with headquarters in Brockton – has emerged from a series of strategic sessions with a “small is powerful” game plan. CEO David Curtis and his management team will try to avoid direct confrontations with bigger and more powerful competitors. Instead, they are creating a boutique approach to banking.

  • Eastern Bank: Under one roof

    Richard E. Holbrook has become chairman and CEO of Eastern Bank more than two years after its ambitious merger with Plymouth Savings Bank and amid one of the most challenging eras in the history of banking in Massachusetts.

  • First Citizens' Federal Credit Union: Growing with a new consortium

    While credit unions are quite common in Plymouth and Bristol counties, they are almost unique to the Cape, where Fairhaven-based First Citizens’ Federal Credit Union is making an aggressive stand – with branches in Falmouth, Hyannis and Orleans.

  • Rockland Trust: Steadily growing regional franchise

    Rockland Trust has managed to grow its share of consumer deposits on Cape Cod, despite an overall shrinking market. But CEO and President Chris Oddleifson is well aware that deposits are far from the only benchmark of success in a highly competitive banking environment.

  • Businesses can now deposit checks directly from the office

    Banks of all sizes are investing in image-capture technology. Using a desktop scanner, you can deposit checks directly from your office into your bank account. Technology now allows you to scan the check and electronically transmit the image to the bank, where it is processed for rapid clearing.

  • Bank of America: Is bigger better on Cape Cod?

    While homegrown banks market their independence and local roots, Bank of America’s Gwen Dadoly is happy to ride a big-budget television campaign that positions her – along with 130 other regional presidents across the company’s huge footprint – as the “bank of opportunity.”

  • Citizens Bank: Succeeds with supermarket strategy

    From his glass-enclosed office overlooking Faneuil Hall – and miles beyond – Bob Smyth ponders how Citizens Bank can grow from its No. 2 position in the Plymouth County and Cape Cod markets.

  • Sovereign Bank: Forging a local identity

    Jack Meehl and Jennifer Dooling not only have the challenge of introducing Sovereign Bank’s brand to a crowded marketplace on Cape Cod, but also of eradicating what was perceived as ineffective service by Compass Bank, which it acquired three years ago.

  • TD Banknorth: New CEO, new structure

    While some rivals are expanding their operations on the Cape, TD Banknorth is contracting. It’s part of a companywide evaluation of its branch network across the entire Northeast and Mid-Atlantic after years of rapid-fire acquisitions that included Cape Cod Bank & Trust.

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