Cornerstone Bank
- Bank Name:Cornerstone Bank
- Bank Class:State Chartered - FED Member Bank
- Member FDIC:Certificate #90282
- Routing Number:ACH & Wire - 211371735
- Locations:11 Branches in Massachusetts
- Web Address:cornerstonebank.com
Cornerstone Bank Information
Cornerstone Bank was founded in April 1871 and is based in Spencer, Massachusetts. The bank operates as a subsidiary of Ssb Community Bancorp Mhc. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Cornerstone Bank is classified as a commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB). Cornerstone Bank is a FDIC-insured bank with certificate number of 90282. The assigned Fed RSSD ID of Cornerstone Bank is 447100.
Cornerstone Bank currently operates with 11 branches located in Massachusetts. Cornerstone Bank is the 37th largest bank in Massachusetts. The bank does not have any offices outside Massachusetts.
A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for Cornerstone Bank is 211371735. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.
The full address of bank headquarters is 176 Main Street, Spencer, MA 01562. You can visit the official website of the bank at https://cornerstonebank.com for more information and online banking service if available. For a comprehensive list of Cornerstone Bank branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.
Map Of Branch Locations
Bank Offices In Massachusetts
History Of Cornerstone Bank
Cornerstone Bank is a financial institution that was established on April 5, 1871, originally named Spencer Savings Bank. In 1978, the bank acquired Warren Savings Bank located in Warren, Massachusetts, and changed its name to Spencer Savings Bank. The bank became FDIC-insured on July 8, 1985, and further evolved in its organizational structure when it transitioned to a Stock Savings Bank on May 1, 2007. In a significant development on June 12, 2017, the institution changed its name to Cornerstone Bank and acquired Southbridge Savings Bank in Southbridge, Massachusetts. On the same day, it became a member of the Federal Reserve System. Subsequently, on October 25, 2017, Cornerstone Bank changed its primary federal regulatory agency to the Federal Reserve and was designated as a state-chartered bank within the Federal Reserve System.
Below is a list of some important events in bank's history, including mergers and acquisitions.
10-25-2017Changed Primary Federal Regulatory Agency to FED.
10-25-2017Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).
10-25-2017Institution becomes member of the Federal Reserve System.
06-12-2017Changed Institution Name to Cornerstone Bank.
06-12-2017Acquired Southbridge Savings Bank in Southbridge, MA.
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this is a miserable web sight, all I want to do is log on to on line banking, to do this I must jump through hoops. It was never like this before Spencer Bank became Cornerstone Bank.... Read more