Bank History

Cornerstone Bank was formed in 2017, and was built on the foundation of two local, mutual banks joining together—SpencerBANK and Southbridge Savings Bank. Together, we have been proudly serving and supporting our customers and communities in Central Massachusetts since 1871 and 1848, respectively, and will continue to do so. Individually, we each made a positive difference in the lives of individuals and businesses in our communities and together, we can make an even greater impact.

Who We Are

Based in Worcester, Massachusetts, we currently operate 10 branch offices. Cornerstone Bank is a local, community bank that delivers a personal touch that only a local bank can offer. We are dedicated to providing high quality, personal customer service and convenience for individuals, businesses and community organizations in Central Massachusetts. We work to connect you with opportunities through a broad range of deposit and loan products and services to meet your financial goals.

At Cornerstone Bank, we support a community-based banking model, with the unique ability for fast, flexible service. We consider each staff member a valuable part of our strategy, encouraging education and offering opportunities for advancement within the company. Whether an employee, business or personal partnership, we strive to build lifetime relationships. Our goal is to be the Cornerstone for your success.

Our Company’s customer promise, Built on Trust, is not just a brand, but also a corporate focus. Whether a business or personal partnership, Cornerstone Bank rests on the foundation that relationships are built on trust.

Our Vision

Cornerstone Bank will be the preferred provider of financial service in our communities based on strong customer and employee relationships built on trust. We will strengthen these relationships by providing the right solutions that combine our experience, technology, and financial strength to help our customers and communities prosper. Our goal is to create customer loyalty and employee satisfaction.

Our Core Values

We stand by our core values of teamwork, relationships, user-friendly, solutions based and transparency.