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Wakefield Co-operative Bank News

Melrose Chamber Ribbon Cutting

Melrose Chamber Ribbon Cutting

Melrose Chamber of Commerce recently welcomed Wakefield Co-operative Bank to town with an official ribbon cutting outside of its new branch at 526 Main Street. The 134 year-old community bank opened its doors at the tail end of 2020, making it the bank’s third location in total, with the others on Main Street in both Wakefield and Lynnfield.

The new location is an all-encompassing banking center, staffed with personal banking experts and experienced mortgage originators, and every design detail carefully planned to bring the look and feel of the Melrose community to life inside the space.

“Our team was dedicated to exemplifying our tagline ‘Bringing life to banking’ and bringing Melrose to life inside these walls,” said Jeff Worth, President & CEO. “From the local photography and custom hand-painted mural to the Melrose history ‘timeline’ wall – these elements depict the heart of the Melrose community and as a true community financial institution, we are thrilled to be a part of it.”

“The Chamber is very pleased to welcome Wakefield Co-operative Bank to historic downtown Melrose,” said Jennifer Manning, Executive Director of Melrose Chamber of Commerce.  “Our Chamber’s own ribbon cutting attendees were so impressed by the beautiful new branch and were excited to celebrate this wonderful new milestone with the bank.  Wakefield Co-operative Bank has already shown their generosity and community support in the short amount of time they have been in Melrose and we look forward to partnering with the bank in the future.”

As a long-time member of Melrose Chamber of Commerce, Wakefield Co-operative Bank has been an annual sponsor of the Victorian Fair and Summer Stroll, and has also donated to various organizations such as Melrose Alliance Against Violence (MAAV), Follow Your Art Community Studios, The Food Drive, Melrose Graduation Night, The Bridge’s Trivia Bee, awarded a $2,500 Upstanding Citizen Scholarship to Melrose High Senior, Abigail Gauch, and more. For more information on the variety of personal & business banking and residential & commercial lending offerings, visit

Pictured left to right:
Lou Izzi, Bell & Izzi LLC
Brad Hutchinson, Brad Hutchinson Real Estate
Denise Gaffey, City Planner, City of Melrose
Chris Cinella, Edward Jones
Kate Lipper-Garabedian, State Representative
Mohammed Bezzat, Vice President, Branch Administration & Business Development at Wakefield Co-op Bank
Evon Gerges, Assistant Vice President, Branch Manager at Wakefield Co-op Bank
Jeff Worth, President & CEO, Wakefield Co-op Bank
John Tramontozzi (rear), Tramontozzi Law Office
Leena McQuaid, Senior Universal Banker, Wakefield Co-op Bank
Elaine Foley, Senior Mortgage Consultant, Wakefield Co-op Bank
Jeff Newman, Boston Photo Rental
Jennifer Manning, Melrose Chamber of Commerce

Wakefield Co-operative Bank (WCB) is a 130+ year old mutual institution headquartered in Wakefield, Massachusetts operating under a co-operative bank structure. Being a mutual means that it has no stockholders and issues no public offerings. Wakefield Co-operative Bank’s Main Office is located at 342 Main Street in Wakefield, MA and it has two other branch locations: 596 Main Street in Lynnfield, MA and 526 Main Street in Melrose. It is the bank’s mission to provide exceptional service and innovative products, with the vision of seeing every one of its customers achieve their personal financial goals and success. Learn more at