Government Banking

Greenfield Cooperative Bank offers a range of services to help local governments manage their finances effectively. Our team of professionals has extensive experience in working with municipal clients and understands the unique challenges and opportunities they face.

Safe and Secure Municipal Banking

We offer the highest level of deposit insurance available, with FDIC coverage up to $250,000 and DIF coverage for any amounts above that. We are also currently rated “Green *** (triple star) with a double BB (Blue ribbon) designation by Veribanc, which is the highest rating achievable under the Veribanc rating system.

In addition to our superior deposit insurance, we also offer a full range of deposit, cash management, and lending solutions to governmental entities. Our deposit products include municipal NOW accounts, money market accounts, sweep accounts, and Certificates of Deposit with varying maturities. We are also a very active and competitive participant in the municipal lending market, lending to governmental entities for Bond Anticipation Notes (BAN’s), Tax and Revenue Anticipation Notes (TAN’s and RAN’s), State Aid Anticipation Notes (SAAN’s), and longer term serial notes.

Our cash management solutions include EDI reporting for state and federal grants/distributions, remote deposit capture, automated clearing house (ACH) capabilities, internet banking, and wire transfer ability.

Best of all, all government deposits stay local, providing funds for municipal lending, residential mortgages, and commercial loans to our business partners.

Local Experience You Can Count On

Greenfield Cooperative Bank’s government banking division offers a full line of products and solutions for Cities, Towns, Districts, and Authorities in Franklin, Hampshire, Hampden, Berkshire, and Worcester Counties of Massachusetts.

The department is co-managed by Paul Mokrzecki, Senior Vice President – Government Banking, who has over 47 years of combined municipal and government banking experience and Jim Alexander, Vice President – Government Banking & Treasury Management, who has been with Greenfield Coop for 9 years and has over 23 years of commercial and residential lending experience.

Contact Uscontact the government banking team

Contact us today to learn more about how we can help you protect your municipal deposits and grow your community. Paul can be reached at 413-530-6465 and Jim can be reached at 413-773-6114. 

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