Community Reinvestment Act (CRA) Public File Information

As a community bank committed to providing access to banking services and loans to all members of our assessment area, we place particular emphasis on our compliance with the Fair Lending Statutes and the Community Reinvestment Act (CRA). We believe that doing so is basic to good business practice and to the Bank’s future vitality.


The objective of this policy is to communicate our commitment to the requirements of the Community Reinvestment Act and to detail the proactive CRA Program in place at Cornerstone Bank. By providing our CRA public information online, Cornerstone Bank is better able to keep the information current while providing the public with convenient access.

Public Information Available for Inspection

In compliance with the requirements of the Community Reinvestment Act (CRA), the following information must be maintained in the public file, current as of April 1 of each year and may be updated periodically.

CRA Performance Evaluation

A copy of the bank’s most recent CRA Performance Evaluation.

Branch Information

A list of the bank’s branches, street addresses, and geographies, including hours of operation.

Opened and Closed Branches

Branches opened or closed by the bank during the current year and each of the prior two calendar years.

Fee Schedules

Fee schedules for retail and commercial banking products.

Assessment Areas

Maps of each assessment area showing the boundaries and income of the area and identifying the geographies contained within the area.

Loan-to-Deposit Ratio

Home Mortgage Disclosure (HMDA) Notice

Effective January 1, 2018, the Home Mortgage Disclosure Act (HMDA) data about our residential mortgage lending are available online for review.  The data shows geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials.

These data is available online at the Consumer Financial Protection Bureau’s website at http://www.consumerfinance.gov/hmda beginning with calendar years 2017 forward. HMDA data for many other financial institutions are also available at this website.

Retail Banking Services

Basic Banking for Massachusetts

Basic Banking for Massachusetts was launched in 1994 as a voluntary program to expand access to bank products and services and to encourage those with modest incomes to establish banking relationships. The guidelines were developed jointly by community and bank representatives. Cornerstone Bank is one of almost 100 financial institutions participating in the Basic Banking for Massachusetts program.

Public Comments

View written comments related to the bank’s performance in helping the community credit needs and responses to the comments.

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