Cape & Coast Bank has appointed Erik Atkinson and Joshua Regan to the position of Assistant Vice President, Branch Manager – Small Business Specialist. Sarah Swift, former manager of the Falmouth and North Falmouth locations, has been promoted to the newly created role of Retail Administration Manager, where she will be responsible for creating cross-functional teams and efficiencies to support daily operations of the bank’s retail banking business at nine branch locations.

Erik will assume management of the Falmouth and North Falmouth branches, while Josh will lead the bank’s Yarmouth Port branch. In their new roles, Erik and Josh will develop and lead their branch teams to exceed customer expectations by delivering an advanced suite of banking services and products. They will also focus on developing relationship strategies and partnerships with local organizations with a strong focus on community outreach and small business banking.

Erik, of Mashpee, has more than 15 years of experience in the banking and financial services industry, with additional experience in the insurance and government contract sectors.

Josh, a Wareham resident, has nearly a decade of experience in the banking industry, most recently serving as a branch manager. Regan also has helped students in their college journey, and has frequently spoken at community events regarding topics related to financial aid and the college application process.

“Erik Atkinson and Joshua Regan are stellar additions to our team, and Sarah continues to provide exemplary leadership and retail banking expertise that has become a hallmark of our bank,” said Lisa Oliver, Chair, President and CEO of Cape & Coast Bank. “Erik and Josh have extensive and successful branch leadership experience and are dedicated to providing superior customer service and maintaining strong relationships with community-based organizations and nonprofits. I also offer congratulations to Sarah Swift, who has been with us for seven years in roles of increasing responsibility.”

Sand in your shoes, clambakes, the crack of wooden bats and bonfires on the beach – it’s finally summer on Cape Cod.

The summer season attracts visitors from around the world to the shores of the Cape every year, but it’s the hospitality of our local friends and neighbors who keep them coming back.

The team at The Coop is here all summer long, even on “perfect 10” beach days, to ensure our customers and business clients have a successful and prosperous season…and let’s not forget worry-free. Given the turbulence in the banking industry earlier this year, it’s important to remind everyone again that The Coop is a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF), which means 100% of deposit balances are insured in full.

The onset of summer is also a great time for business clients to check-in with our team of business specialists to make sure they have the most effective financial tools – including point of sale and cash management solutions – to operate effectively and seamlessly during peak periods.

As always, if we can be of assistance or provide answers to your questions, please call us at 508-568-3400, send an email to assist@mycapecodbank.com or visit a branch in-person and ask to speak to a customer service representative or small business specialist.

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Comings and Goings, Promotions at The Coop

The summer season also brings with it some bittersweet news from The Coop. Mark Linehan, our longtime Executive Vice President, Chief Financial Officer and Treasurer, has recently retired. Mark is a cherished colleague and friend to all of us at The Coop and he will be missed. I sincerely thank Mark for his years of service to The Coop and the banking community and wish him a long, healthy and happy retirement.

We are excited to announce that Erik Porter has succeeded Mark as Chief Financial Officer and Treasurer at The Coop. An accomplished financial services industry executive with more than two decades of experience, Erik joins us from Metro Credit Union in the Boston area. He will be responsible for treasury, forecasting, tax, accounting, asset and liability management and government banking activities.

Welcome, Erik!

The Coop’s Board of Directors also approved several Officer appointments and promotions at its recent annual meeting. Employees recognized for individual performance and demonstrated leadership, along with their new titles, include:

• Allyson Brainson, First Vice President, Small Business Relationship Manager
• 

  Maeghan DeLellis and Chris Cataldo celebrate at the “40 under 40” awards

• John Cooke, First Vice President, Marketing Officer
• Charlotte Green, First Vice President, Residential Mortgage Sales Manager
• Eric Emmel, Vice President, Group Operations Manager
• Jen Grivers, Vice President, Mortgage Loan Officer
• Nikki Rickard, Vice President, Mortgage Loan Officer
• Kim Olson, Assistant Vice President, Loan Processing and Closing Manager
• Marcia Glassman, Officer, Credit Analyst
• Karin Winkfield, Officer, BSA Specialist

In addition, Chris Cataldo, East Harwich Branch Manager – Small Business Specialist and Maeghan DeLellis, Sandwich Branch Manager – Small Business Specialist, received “40 Under 40” honors from Cape & Plymouth Business Media during an event held in mid-June.

Congratulations to all!

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The Coop Foundation Awards $43,750 in Grants to Local Nonprofits; Bank Receives Recognition from American Bankers Association

The Cooperative Bank of Cape Cod Charitable Foundation continues to be a major force in supporting nonprofit organizations making a difference and improving lives in our communities.

The Coop Foundation grant recipients for the first quarter the bank’s fiscal year include:

• $25,000 over four years to Big Brothers Big Sisters of Cape Cod & The Islands for its “Commitment 1,000” initiative to reach, serve and produce positive outcomes, through mentoring, for at least 1,000 children living in its service area.
• $5,000 to Cape Cod Children’s Place and its “Creating a Culture of Resilience” program, designed to provide nonclinical mental health support through free home visiting services and a public outreach campaign to raise awareness of mental health issues and corresponding support resources.
• $5,000 to Homeless Not Hopeless to fortify the organization’s net asset account, which is critical to the funding of major repairs and capital improvements to maintain safe and healthy homes for residents.
• $5,000 to Pause A While to make capital improvements at its new location in Brewster. “The Pause” is a community center for recovery that has the sole purpose of providing a dedicated and warm environment to host 12-step recovery meetings.

I am awed by the dedication and commitment of these deserving organizations and am proud of the Bank’s long-standing support of our community.

The Coop strives to be the epitome of a community bank and we are honored and humbled to have our work recognized on a national level. The Coop recently received an Honorable Mention designation in the American Bankers Association (ABA) Community Commitment Awards competition.

The ABA Foundation’s Community Commitment Awards showcase and recognize banks’ extraordinary acts of service to support the people in their communities and grow their local economies. The Coop was honored for its efforts to help solve Cape Cod’s housing crisis with advocacy for Accessory Dwelling Units (ADUs), town zoning law improvements and affordable housing solutions. As a result of this recognition, Shanika Rogowski, The Coop’s Senior Vice President and Chief Residential Officer was invited to be a panelist/speaker for a recent ABA webinar entitled “Solving America’s Housing Crisis: How Banks are Taking Action and Making an Impact.”

I am so very proud of the work The Coop team does – day in and day out – to make Cape Cod a better and more equitable place to live and work, and the ABA recognition reflects that commitment.

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Enjoy the Summer! Wherever You Travel, The Coop is With You

Remember, whether you’re exploring this beautiful peninsula or traveling off-Cape this summer, all Coop clients have access to the Allpoint Network for surcharge-free access to more than 55,000 ATMs in the U.S. (including Puerto Rico), Canada, the United Kingdom, Australia and Mexico.

Allpoint Network ATMs are safe and secure and located inside several popular retail stores including Walgreens, Target, Speedway, Circle K and CVS Pharmacy – including right here on Cape Cod. Use the embedded link to find an ATM near you, whether you’re at home or on the road. In today’s economic climate, fees and surcharges can add up fast, that’s why participation in the Allpoint Network is yet another great money-saving benefit for Coop customers and clients.

On behalf of everyone at The Coop, I wish you a safe and healthy summer season full of great memories with family and friends.

Best Regards,

Lisa Oliver
Chair, President, & CEO

We are excited to introduce this year’s group of interns and to announce that three have returned for a second season.

Returning are Zach Rogers in our Sandwich branch, Brooke DeLucia in Marketing and Sam Starobin in Data Analytics.

The Internship Program continues to grow – from eight interns in 2019 to 13 in 2023. We’ve added interns in our Deposit Operations, Finance and Retail departments.
Interns will explore departments and roles outside of their assignments through “coffee and learn” meetings and through trainings on the Bank Secrecy Act (BSA), cybersecurity, and social engineering. Additionally, interns will have the chance to talk with CEO Lisa Oliver and the Senior Leadership Team.

Meet our Interns:

Brooke DeLucia attends Georgetown University where she majors in Government and Economics. Brooke is a news staff writer for The Hoya, Georgetown’s newspaper. Joining the Marketing Team this year, Brooke is excited to put her experience in journalism and social media to use.

Zachary Rogers has returned as a Retail Banking intern in Sandwich. Between his commitment to playing baseball in New York, Zach will be with us in May and August this season. Zachary is studying Business Administration at Colby Sawyer College in New Hampshire.

Samuel Starobin is the Data Analytics intern. Coming off of a semester in Japan, Sam has returned for another great summer with the Data Analytics Team. Sam is a student at UMASS Amherst obtaining a BA Science, Managerial Economics with a double major in Japanese language and Literature.

Jack Cinella is the Sandwich Retail Banking intern. Jack is a student at University of South Carolina, Darla Moore School of Business, and is majoring in Risk Management and Insurance. Jack has achieved the President’s List and is the recipient of an academic scholarship.

Emily Elio is the Retail Banking intern in Hyannis. Studying for a Bachelor of Social and Behavioral Sciences in Entrepreneurship at Babson College, Emily has been chosen to be part of the highly selective Women Leadership program at Bentley University.

Patrick Foley has joined the East Harwich Team as their Retail Banking intern. Patrick is majoring in Business and Finance at Saint Anselm College. As an officer of the King Edward Society, Patrick’s commitment to making a difference in his community aligns with The Coop’s mission, vision and values.

Olivia Guden is our East Dennis Retail Banking intern. Olivia is studying Business Economics and Finance at Providence College. Olivia studied abroad in Barcelona last fall and is a member of the Women in Business Club, Economics Club and Women in Economics Club.

Teya Kennedy has joined our Falmouth teams as their Retail Banking intern. Teya is a UMass Amherst, Isenberg School of Management, student obtaining her Bachelor of Business Administration in Finance and is on track to be a Financial Analyst. Teya is a member of the Isenberg Women in Business Club.

James McCullough is the Finance intern. James is a Bucknell University student majoring in Economics with a minor in Business Analytics. James is a true entrepreneur; he owns and operates his own James McCullough Boat Detailing Services and is a personal boat captain for hire.

Kiara Nagle is a General Operations intern with DOD. Kiara attends the University of Denver, Daniels College of Business, studying for her Bachelor of Science Business Administration with a major in Finance. Kiara has been recognized as a Junior Olympics level gymnast.

Katherine Rose has joined the Yarmouth Port team as a Retail Banking intern. Katherine is a Fairfield University Honor’s student with a double major in Marketing and Finance. Katherine is a part of Fairfield’s The Vanderblue Team as a Marketing and Social Media Intern.

Daniel Uspensky has joined DOD as a General Operations intern. Daniel is obtaining his Bachelor of Science in Business Administration with a concentration in Finance and Real Estate major at Boston University’s Questrom School of Business. Daniel is a BU Finance and Investing Club member.

Michelle Wu is a Retail Banking intern covering several mid-cape branches as a part of our Float Team. Michelle is a student at Babson College School of Business. Michelle is a member of BAPSA Club, Hospitality Management Club and First Gen Club.

Cape & Coast Bank has appointed Stephanie Burbine to the position of First Vice President, Cash Management Officer.

Burbine, of Falmouth, is a respected and accomplished banking professional with nearly two decades of partnering directly with businesses and delivering cash management solutions. Burbine joins The Coop from Florence Bank in western Massachusetts, where she served as Vice President, Cash Management Officer since 2004. She has also held positions of increasing responsibility at major financial institutions including HSBC Equator, Union Bank of California and Fleet Bank.

In her new role at The Coop, Burbine is leading the charge in developing an enhanced suite of robust cash management products and services for businesses across the Cape.

“Stephanie’s penchant for providing exceptional customer service, proactive problem solving and consultative approach to understanding client needs are an ideal fit for The Coop,” said Lisa Oliver, Chair, President and CEO, Cape & Coast Bank. “I look forward to sharing more information about our exciting cash management suite in the coming weeks.”

Burbine holds a bachelor’s degree in business administration and finance from the University of Connecticut. She is also involved in community affairs and has been an active volunteer supporter of the Pioneer Valley Performing Arts Public Charter School and the United Way of Hampshire County.

“I am thrilled to join The Coop, a bank clearly dedicated to serving its customers and helping businesses bank more efficiently and conveniently,” said Burbine. “I also admire The Coop’s dedication to community service and look forward to becoming involved with nonprofit organizations on the Cape, a place I have been visiting all of my life and now proud to call my permanent home.”

Cape & Coast Bank recently held its annual meeting for the fiscal year ending March 31, 2023, reporting strong financial performance and electing a new member to the bank’s Board of Directors and five new Corporators.

Mark Linehan, Chief Financial Officer, reviewed key financial metrics and highlighted the Bank’s well-capitalized position. The Bank experienced a year-over-year increase of 22% in net income to $9.1 million, 14% of Return on Average Assets, and overall growth of 8% in Total Assets to $1.45 billion.

Scott Kwarta, Chief Risk Officer, presented on the evolution of banking technology and future priorities and investments that will help to better serve clients.

Lee Ann Hesse, Chief Engagement Officer, also provided an overview of the Bank’s philanthropy and community support, presented the five areas of giving and offered success stories from nonprofit community partners. The Bank’s corporate giving initiatives and Cape & Coast Bank Charitable Foundation Trust combined to contribute $358,349 in philanthropic and community support funding to local nonprofit organizations during the recently completed fiscal year.

Matthew Cole, President and Chief Executive Officer of Cape Associates, Inc., a full-service custom building and remodeling company based in Eastham, was elected to The Coop’s Board of Directors during the annual meeting and will serve a three-year term. Cole represents the third generation of his family to lead Cape Associates, and is actively involved in the community, currently serving as Vice President of the Community Development Partnership. He has been a Corporator of the Bank for 11 years and is also a member of The Coop Foundation Board of Directors.

The Coop also elected five new Corporators who will serve 10-year terms. They include:

• Mario Campos – Owner of Blue Field Services (d/b/a Stanley Steemer of Cape Cod), a professional cleaning services company based in Bourne. He is also a member of the YMCA Cape Cod Board of Directors and is an active volunteer with the Sandwich Chamber of Commerce and Big Brothers Big Sisters of Cape Cod & The Islands.
• Carol Edmonson – Owner of Cape Cod Village Realty in South Dennis and a hospitality consultant specializing in small properties. She is actively involved in several community and business organizations including the Cape Cod Chamber of Commerce, Service Corps of Retired Executives (SCORE) and the National Association of Lodging Professionals.
• Radu Luca – Executive Director, Provincetown Chamber of Commerce. His deep understanding of strategic marketing and advertising, grant programs, municipal operations and nonprofit organizations have made him an effective leader in improving Provincetown’s tourism infrastructure and increasing its profile as a word-class tourism destination.
• Patricia Nadle – Chief Executive Officer of Outer Cape Health Services, a community health center with locations in Provincetown, Wellfleet and Harwich Port. She also serves on the Board of Directors of the Family Pantry of Cape Cod and the Harwich Chamber of Commerce.
• Muska Yousuf – A local attorney who opened a law office in 2019 to provide the community with affordable legal services in the probate and family court. She is an active member of several community organizations including the Barnstable County Bar Association and Cape Cod Cinema and serves as co-chair of the Grants Committee for the Women and Girls Fund of The Cape Cod Foundation.

“I welcome The Coop’s new Corporators and Board member and look forward to working closely with them as we continue to meet the ever-changing banking and financial services needs of our local communities,” said Lisa Oliver, Chair, President and CEO of Cape & Coast Bank. “Together with our incumbent Corporators and Board of Directors members, they represent a multi-faceted and diverse group of business and nonprofit leaders who are deeply committed to making Cape Cod a better place to live – and thrive – for all.”

The Annual Meeting was also the final official event for two longtime members of the bank’s Board of Directors – Sheila Vanderhoef and Mike Ford. Vanderhoef was elected to the Board in 1993, and was the Bank’s first Lead Director and woman of color on the Board. Ford was elected in 2004 and served as the Audit Committee Chair. As a real estate attorney, Ford helped the Bank through many transactions including securing the land for its Independence Park headquarters in Hyannis.

“We will greatly miss Sheila and Mike on The Coop Board of Directors, not only for their expertise, wisdom and guidance, but most importantly, their friendship,” said Oliver. “Their service and commitment to The Coop for 30 and 19 years respectively was extraordinary, and they will forever be engrained in the history of the bank. We extend our sincere wishes for a long, happy and healthy board retirement for Sheila and Mike.”