'ANNUAL REPORT OF THE BANK COMMISSIONER 1918 PART II RELATING TO CO-OPERATIVE BANKS, SAVINGS AND LOAN ASSOCIATIONS, AND CREDIT UNIONS The Commonwealth of Massachusetts. To the General Court of Massachusetts. OFFICE OF THE BANK COMMISSIONER, Complying with the requirements of the Revised Laws, the Bank Commissioner respectfully submits Part II. of his annual report, relating to co-operative banks, credit unions and three savings and loan associations, for the year ending Oct. 31, 1918. CO-OPERATIVE BANKS. On Oct. 31, 1918, 186 co-operative banks were in operation, and the aggregate of their assets was $140,201,033.98, which is an increase of $13,628,865.02 during the year, the largest increase in any one year since the inception of the co-operative bank system in 1877. Two new co-operative banks have commenced business, namely, the Old Colony Co-operative Bank of Taunton on March 11, 1918, and the Wareham Co-operative Bank of Wareham on June 1, 1918. Berkshire County Co-operative Bank. Since the report last year the liquidating committee of this bank has collected sufficient of its assets to pay a further dividend of 5 per cent., making a total of 90 per cent. paid to the shareholders since the bank ceased to do business, as follows: |