Updated August 3 at 2:03pm

Mechanics Cooperative updates, relocates branch in Taunton

Mechanics Cooperative Bank opened a new branch in Taunton Monday, a relocation of a nearby existing branch, according to an announcement by the bank.

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Mechanics Cooperative updates, relocates branch in Taunton

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TAUNTON – Mechanics Cooperative Bank opened a new branch in Taunton Monday, a relocation of a nearby existing branch, according to an announcement by the bank.

“This new branch is another example of how we are truly making our ‘Let’s Keep It Local’ philosophy a reality,” said Merchants Cooperative Bank President and CEO Joseph T. Baptista Jr.

The bank is “proud to have been able to expand in the city of Taunton while offering our customers a complete and modern banking facility,” he said.

The new branch at 316 Broadway has complete lobby banking services, a drive-up ATM, drive-up teller access and a self-service coin machine. The new branch has five full-time and five part-time employees and replaces customer services at the existing branch nearby at 308 Bay St. The previous location, however, will continue to house some back-office staff and an ATM.

“Mechanics has transformed two problem properties within Taunton over the past three years into functioning bank offices – paying taxes, serving our community and ultimately improving the quality of life for our residents,” said Taunton Mayor Tom Hoye.

Mechanics Cooperative Bank was recently honored with a Small Business Development Award from the Taunton Area Chamber of Commerce for the new branch project and for investing more than $1 million in real estate development in the city.

Taunton Chamber of Commerce President Kerrie Babin said the bank is a valuable partner in economic development.

“Their commitment to Taunton and our local business community is clear with the very significant investment,” said Babin.

mechanics cooperative bank, cheryl monteiro, deborah grimes, kerrie babin, small business development award, updated branch, joseph t. baptista, relocated branch

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