Mutual Bancorp was incorporated in 2011 as the parent company for Cape Cod 5 Bank, the Cape Cod Five Mutual Company. In May 2023, the mutual holding company was renamed to Mutual Bancorp to both reflect its commitment to mutuality and prepare for expansion to support the strength of Cape Cod 5 Bank and all future acquired institutions, enabling them to carry out their respective missions effectively and sustainably.
In September 2023, Cape Cod 5 and Fidelity Bank of Leominster announced a strategic partnership, which would merge the banks’ holding companies under Mutual Bancorp, effective April 2024. This partnership will provide many benefits to each bank, which we had outlined in our original announcement.