Service Is The Reason

Founded in 1916 as a bank dedicated to servicing the financial needs of Cohasset, Massachusetts and its surrounding towns, Pilgrim has never wavered from that commitment. Our mission statement defines our stated goals.

“The purpose of the Pilgrim Co-operative Bank is to satisfy the financial needs of our community with responsive, high quality services provided by a highly motivated professional staff.”

As we extend our reach with our commitment to technology and automation, enabling our customers to access essentially any service or product that they need, we welcome new customers. Our savings and investment rates are more than competitive and we offer a wide range of mortgage and personal loan programs that can fit most situations. We pride ourselves on being able to compete on this level and to consistently charge fewer and smaller fees for those services. We are highly capitalized and fully understand that growth can be achieved when we work in partnership with our existing and potential customers. Charging less creates loyalty which itself creates continued growth.

Discover The Pilgrim Difference Today!

Your Deposit is Insured

Our depositors may be assured that every dollar in every account is insured against loss. Few banks can make this claim and it is just another compelling reason to let Pilgrim Co-operative Bank become your primary financial resource. The basic insured amount for a depositor by the Federal Deposit Insurance Corporation (FDIC) is $100,000. All amounts above that are insured by the Share Insurance Fund of the Co-operative Central Bank (SIF).

Mutuality Creates A Commitment To Customers

We are a mutual institution and Board and Management are committed to the concept of mutuality. This means that your bank will be here providing services and products that our depositors and borrowers are looking for. We have no shareholders so our complete focus is on our customers.