Randal D. Webber to be appointed Cornerstone Bank President on January 1

Effective January 1, 2021, Randal D. Webber will be appointed President at Cornerstone Bank. Currently, Webber serves as the Bank’s EVP, COO and Chief Lending Officer.

“Randy has contributed enormously in helping Cornerstone honor our commitment to enhancing the vitality of local communities and the well-being of all of our customers” states Cornerstone Bank President and Treasurer Todd Tallman, who will assume the role of CEO on January 1. “His strategic and managerial skills go far beyond the lending discipline. I’ve found his insights on retail and digital banking to be invaluable—not only in relation to our products and services but also the professional development of our team members.”

After joining SpencerBANK in 2009 as SVP, Chief Risk Officer Webber served in increasingly responsible positions until his promotion in 2012 to EVP, Chief Lending Officer. When SpencerBANK and Southbridge Savings Bank created a merger of equals in 2016 to form Cornerstone Bank, Webber was named EVP, Chief Operating Officer. In this Executive-level role, he has helped facilitate significant growth of the Bank’s commercial and retail service and operations, particularly within its commercial portfolio. He currently serves on the Board of the Worcester State University Foundation.

In a related development, SVP and Senior Commercial Officer Michael J. Quink will be promoted on January 1, 2021, to EVP, Senior Commercial Officer. Prior to his current role, Quink was SVP, Commercial Division Manager at SpencerBANK. He is a Board member of the Horace Mann Education Foundation.