About Colonial

A History of Community and Caring Banking...

Colonial Community Landmark Composite

There's more than one way to do banking. Colonial prefers to remain 'small and giving'. We pride ourselves on being "The Bank That's Not Too Big to Care". Our employees are pledged to provide personlized local service unmatched by any other big bank, local bank or credit union.

Each depositor is insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 at Colonial. All deposits over and above this amount are covered by the Share Insurance Fund (SIF) established by the legislature in 1934 to protect deposits in Massachusetts Chartered Co-operative Banks.

Please let us know how we're doing. At Colonial, we listen! Learn more about Colonial here.

Colonial's Mission

Colonial Savings Piggy icon

Colonial Co-operative Bank's mission statement emphasizes our bank's local commitment to customers and employees, as well as our customer-focused orientation.

Colonial is an organization of valued employees who work hard to be a trusted part of your life and finances. We're focused on helping consumers and businesses meet their financial planning and servicing needs in a way that is personal and professional.

We employ well-trained, friendly employees who build lasting relationships by providing valuable products and services, leading-edge technology and positive 'can-do' attitudes.

Our History

Colonial Savings Piggy icon Chairtown, Winchendon and Baldwinville Co-operative Banks.

On September 30, 1975, Winchendon Co-operative Bank merged with Chair-Town Co-operative to create Colonial Co-operative Bank.  The Gardner location became the Main Office of the new bank with a Central Street, Winchendon branch.  Baldwinville Co-operative Bank merged with Colonial in November 1, 1994. In June 1999, to our Winchendon branch moved to its present location at 1 School Square on Route 12 and in May of 2012 we closed our Baldwinville branch and consolidated it with the nearby, existing Gardner and Winchendon locations.

Colonial serves consumers and business customers throughout North Central MA and Southwestern NH. Local communities consist of all of Worcester County, the northeastern portion of Franklin County, as well as selected parts of Middlesex County. Read a more comprehensive and informative history of Colonial by clicking here.


Colonial Savings Piggy iconColonial Co-operative Bank is led by Joseph D. Guercio. Joe has many decades of financial institution management under his belt, and has also worked at the government-level with the FDIC. He joined us in 2011 as Interim President/Chief Loan Officer. He was promoted to President and Chief Executive Officer in 2012.

Our management team is rounded out by Lori Provencial, Retail Lending Officer and Kristen Bailey, Branch Administrator.

Board of Directors

Colonial Savings Piggy iconColonial is a 100 percent locally-owned and operated financial institution. We are guided and overseen by an elected Board of Directors. Each is experienced and successful in the business community, and provides the bank with direction and sound advice. It is their responsibility to ensure that we fulfill our mission statement. They also set Colonial's overall policy objectives.

Our Bank President, Joe Guercio acts as a liaison between the Board of Directors and the rest of the bank. He is responsible for communicating the daily status of the bank to the Board, as well as communicating and implementing our vision and policy objectives.

Board Chairman — Edward J. McLaughlin, Jr.
Vice Chairman —Dean R. Sweeney
Member — Alan Agnelli
Member — Alice Anderson
Member — John R. Dale, Jr.
Member —Carolee Eaton
Member — Douglas M. Stone
Member — Paul M. Valois


Call or visit.

Colonial Co-operative Bank
6 City Hall Avenue
Gardner, MA 01440
Call 978-632-0171
Toll-Free: 1-877-258-1193

Colonial Co-operative Bank
1 School Square/Rte 12
Winchendon, MA 01475
Call 978-297-2447

Toll-Free: 1-877-258-1193


Lost or Stolen Card?
Please report it immediately Toll-Free to 800-528-2273.

Colonial Co-operative Bank will never ask you to verify your personal or account information via unsolicited email or telephone calls. When in doubt, don't share!

Gardner Main Office

Open Mon-Wed 8:30-4
Thur 8:30-6 | Fri 8:30-5
Saturdays 8:30-Noon

Winchendon Office

Open Mon-Wed 8:30-4
Thur 8:30-6 | Fri 8:30-5
Saturdays 8:30-Noon