From humble beginnings in the 19th century, Wakefield Co-operative Bank has remained a fixture on Wakefield's Main Street. The bank received the original charter from the Commonwealth of Massachusetts on January 31, 1887. Residents and local businesses have over $90,000,000 on deposit at the bank. The bank has reinvested more money in its communities in the form of mortgages and consumer loans. It has recognized the importance of home-ownership by participating in various government-funded programs, which enables Wakefield Co-operative Bank to provide low-cost and competitive mortgage loans.