Chesapeake, Reading Cooperative Banks launch Rebolt payments utility

Chesapeake Bank and Reading Cooperative Bank have launched Rebolt, a community bank-owned payment utility for small businesses. The platform integrates into banks’ existing digital banking systems, adding instant payments, PayPal and Venmo transfers, and stablecoin network links. Rebolt is positioned as a utility model with bank-led governance, pricing, and product roadmap rather than investor-led economics. COCC integration is live; Jack Henry integration is available. Chesapeake Bank and Reading Cooperative Bank are live now, with business-customer availability expected in fall 2026.