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Press Release

 

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Depositors’ Piece of the Pie – a 3.14% Bonus Dividend!

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Reading, MA – Reading Cooperative Bank had a good year and will share its success by rewarding its depositor-owners with a Bonus Dividend and, literally, a piece of pie! On Pi Day (3/14), depositors who earned interest in 2016, will receive a Bonus Dividend equal to 3.14% of the interest they earned last year (with minimum distributions of $1)*. In addition to the payout, on March 14, 2017 customers can visit any branch to have a piece of pie!

While the dividend may not amount to much, in terms of dollars, it means a lot to RCB to be able to share some of its profits with everyone who makes it a successful community cooperative.

“As a cooperative bank we answer to our customers, who own the Bank; this additional dividend, though not large, is intended to underscore their ownership of the bank and our commitment to them” says Julieann Thurlow, President & CEO.

About Reading Cooperative Bank:
Reading Cooperative Bank is a depositor owned co-operative founded in 1886. This community-centric North Shore financial service provider has branches in Reading, Wilmington, North Reading, Woburn, Andover, and Burlington. They also operate teaching branches at Northeast Metro Tech in Wakefield (open to the public) and at Reading Memorial High School (students and staff only), as well as an online branch at readingcoop.com.

 



*Bonus Dividends will be deposited to interest bearing accounts on or about March 14, 2017.


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