CORNERSTONE BANK HISTORY
- Bank Name:Cornerstone Bank
- Bank Class:Federal Reserve Member Bank
- Member FDIC:Certificate #90282
- Locations:13 Branches in Massachusetts
Cornerstone Bank was founded on April 5, 1871 and has been serving the financial needs of their customers for over 153 years.
Cornerstone Bank currently operates with 13 branches located in Massachusetts as a subsidiary of Ssb Community Bancorp Mhc. Check below for important events in banks history.
IMPORTANT EVENTS IN BANKS HISTORY
Below is a list of some important events in the history of Cornerstone Bank, including mergers and acquisitions.
DATEEVENT
04-05-1871Institution established but was not FDIC insured. Original name: Spencer Savings Bank.
10-31-1978Changed Institution Name to Spencer Savings Bank.
10-31-1978Acquired Warren Savings Bank (90295) in Warren, MA.
07-08-1985Became FDIC insured.
05-01-2007Changed Organization Type to Stock Savings Bank.
06-12-2017Acquired Southbridge Savings Bank (23524) in Southbridge, MA.
06-12-2017Changed Institution Name to Cornerstone Bank.
10-25-2017Institution becomes member of the Federal Reserve System.
10-25-2017Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).
10-25-2017Changed Primary Federal Regulatory Agency to Fed.
SUBMIT YOUR COMMENT
Submit your comment, review or complaint about Cornerstone Bank.