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. By providing our CRA public information online, we are 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.
- Cornerstone Bank – CRA Performance Evaluation-Division of Banks
- Cornerstone Bank – CRA Performance Evaluation-Federal Reserve Bank of Boston
- Athol Savings Bank, A Division of Cornerstone Bank – 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.
- Cornerstone Bank – Retail Banking Fee Schedule
- Cornerstone Bank – Commercial Banking Fee Schedule
- Cornerstone Bank – Bank On Fee Schedule
- Athol Savings Bank, A Division of Cornerstone Bank – Fee Schedule
Assessment Areas
Maps of each assessment area showing the boundaries and income of the area and identifying the geographies contained within the area.
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
Public Comments
View written comments related to the bank’s performance in helping the community credit needs and responses to the comments.
- No comments at this time.
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