Effective January 1, 2021, Cornerstone Bank President and Treasurer Todd Tallman will be appointed the Bank’s CEO. Tallman steps into the role as a banking veteran with over 20 years of experience.
“Knowing Todd as well as I do, I am fully confident he will serve as an outstanding CEO,” states K. Michael Robbins, who will retire as Cornerstone Bank CEO on December 31, 2020, but continue to serve as the Bank’s Chairman. “Todd’s management, leadership and professional skills—not to mention that he’s a fine, caring individual by nature—make him eminently qualified for this position.”
A Certified Public Accountant, Tallman began his career as an Audit Manager at KPMG. After joining Southbridge Savings Bank in 1998 as Chief Financial Officer, he served in increasingly senior positions until his promotion to President/CEO in 2014. Subsequently, in 2016, when Southbridge Savings Bank and SpencerBANK created a merger of equals to form Cornerstone Bank with assets totaling $1.3 billion, Tallman was named President and Treasurer.
With a passion for supporting communities and enriching the lives of others, Tallman serves on the Boards of several nonprofit organizations—including Big Brothers Big Sisters of America—and is past President of the United Way of Southbridge, Sturbridge and Charlton.
“I can’t thank Mike [Robbins] and the Cornerstone Board of Directors enough for the trust and confidence they are placing in me. As the saying goes, Mike will be a very tough act to follow. I’m tremendously excited about helping further Cornerstone’s legacy as a financially sound, highly trusted community bank—and I will ensure that, as a team, we are in the best position possible to make that happen.”