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Press Release

KBRA Affirms Ratings for Mutual Bancorp

Release date: October 20, 2024


Mutual Bancorp issued subordinated debt in 2020, which requires the financial holding company to have an independent credit rating review completed by Kroll Bond Rating Agency (“KBRA”) each year. We are pleased to share that KBRA affirmed the credit rating for Mutual Bancorp and its family of banks with a stable outlook, supported by the formalized partnership with Fidelity Bank of Leominster. This external validation speaks to the strategic and financial strength of the organization, along with the breadth and depth of the banks’ respective management teams. To read the press release from KBRA, visit KBRA Affirms Ratings for Mutual Bancorp. 

About Mutual Bancorp
Mutual Bancorp is a financial service holding company headquartered in Hyannis, MA, that supports the operations and enables the missions for two community banks headquartered in Massachusetts: Cape Cod 5, headquartered in Hyannis, and Fidelity Bank, headquartered in Leominster. Mutual Bancorp underpins the financial strength of both banks while allowing for greater operational efficiency and diversification of services that each organization can offer to their respective clients and communities.  

About Cape Cod 5
Founded in 1855, Cape Cod 5 is a community bank with over $5.5 billion in assets. Through its 24 locations, Cape Cod 5 offers a broad range of financial products and services to customers living and working on Cape Cod, Martha’s Vineyard and Nantucket and in Southeastern Massachusetts communities. Products and services include consumer and commercial banking products, residential mortgages, investment management, and trust services. Member FDIC. Equal Housing Lender. NMLS #401717. 

About Fidelity Bank
Founded in 1888, Fidelity Bank is one of the strongest independent community banks in Central and Eastern Massachusetts. Fidelity Bank’s unique LifeDesign approach to banking provides the care and clarity needed to make informed decisions with confidence. The Bank offers a range of personal and business banking solutions to clients via a full-service Client Care Center and 13 Banking Centers across Central and Eastern Massachusetts. Member FDIC. Member DIF. Equal Housing Lender. NMLS #452347.