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Press Release

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Reading- Reading Co-operative Bank Donates $1 million to Charitable Foundation

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READING, MA– Reading Co-operative Bank, a community bank serving residents of Reading, North Reading, Wilmington and Woburn, announced yesterday it has donated $1 million to the Reading Co-operative Charitable Foundation. The funds, which will be dispersed in amounts of approximately $70,000 annually to ensure the foundation’s sustainability, will be used to support the important work of area non-profits. Reading Co-operative Bank President & CEO Julieann Thurlow said, “This donation illustrates our commitment to the community. Our wish is that the foundation will be able to continue to support the organizations we have existing relationships with, as well as others as needs arise.”

Reading Co-operative Bank established the Reading Co-operative Charitable Foundation in 1999. The foundation is dedicated to the promotion of charitable, educational, and civic purposes within the communities that the Bank serves. Special emphasis is placed on those projects that focus on disadvantaged and/or undeserved citizens in the areas of workforce development, health and human services, housing, education, community development, the environment, and the arts.

Since its founding, the Reading Co-operative Charitable Foundation has provided support to area schools, senior service programs, Winchester Hospital, the YMCA, Friends of Reading Recreation, community celebrations and many others.
Reading Co-operative Bank is a dynamic, 21st-century community bank, founded in 1886 on the principle that profit and growth go hand-in-hand with responsible banking and service to the community. They are a 5-star bank that is rated in the top 7% of banks in the country for overall financial condition by Bauer Financial. Customer Service Specialists can be reached at 781.942.5000, readingcoop.com or by visiting one of the locations in Reading, North Reading, Wilmington, Woburn and now in Andover and Burlington.


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