Cornerstone Bank promotes three employees to leadership positions

Cornerstone Bank recently promoted three employees to leadership positions. Rachel Briggs of Spencer was promoted from vice president to senior vice president, commercial loan operations. Kyle Hill, a resident of Brimfield, was promoted from vice president to senior vice president, retail loan operations. And Warren resident Jacqueline Croft was promoted from assistant vice president to vice president, Bank Secrecy Act (BSA), risk and security officer.

“We are committed to providing our employees with career growth opportunities, which makes these three promotions especially gratifying,” said Todd Tallman, CEO of Cornerstone Bank. “Rachel, Jacueline and Kyle are incredibly valuable to us, and we look forward to seeing their impact grow in their new roles.”

Briggs has been a Cornerstone Bank employee for 24 years. In her new role as senior vice president, commercial loan operations, she will oversee the operations and administration of the Commercial Lending Department, service the commercial loan portfolio and ensure compliance with regulatory and internal audits. Briggs has a B.S. in business administration from Worcester State University, and a certificate in banking and financial support services from the New England School of Financial Studies. As a community volunteer, she provides financial literacy education through Cornerstone Bank, works with local food banks and participates in Habitat for Humanity Playhouse Build projects.

Hill has worked at Cornerstone for 25 years. As senior vice president, retail loan operations, he will oversee and support the production, processing, underwriting, closing and servicing of residential loans. He is responsible for ensuring compliance with federal, state and local regulations, as well as internal policies and procedures, and collaborates with other departments and external partners to achieve the strategic goals of the organization.

Croft has 14 years’ of experience in the banking industry, with the last two at Cornerstone. In her new role as vice president, BSA, risk and security officer, she is responsible for managing the bank’s compliance with all aspects of the BSA, Office of Foreign Asset Control (OFAC) and the USA PATRIOT Act. She maintains and implements the BSA/Anti-Money Laundering (AML) compliance program and security policies and procedures, and her team performs financial crimes investigations across the bank. Croft is a Certified Anti-Money Laundering Specialist (CAMS) and a volunteer educator, providing financial literacy programs focused on fraud prevention for students and seniors.