Bank/CU Name: Cornerstone Bank Charter Number: 90282
Charter Type: Savings Bank – Mutual Holding Company Main Office: 176 Main Street , Spencer, MA 01562 Phone: 800-939-9103
Charter Date: 4/5/1871 Federal Regulator: FRB Fax: 508-885-8614
Activity Date Activity Type Description
2/28/2023 Establish Branch Cornerstone Bank, Spencer - notice to establish a branch office at 195 Main Street, Shrewsbury - non-objection issued February 22, 2023.
1/31/2023 Establish Branch Cornerstone Bank, Spencer - notice to establish a branch office at 195 Main Street, Shrewsbury. Filed January 23, 2023.
7/29/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 968 Main Street, Warren - approved July 7, 2022.
6/30/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 968 Main Street, Warren. Comment period ended February 9, 2022.
5/31/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 968 Main Street, Warren. Comment period ended February 9, 2022.
5/31/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 968 Main Street, Warren. Comment period ended February 9, 2022.
4/29/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 968 Main Street, Warren. Comment period ended February 9, 2022.
4/29/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 72 West Main Street, Spencer - approved April 22, 2022.
3/31/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 72 West Main Street, Spencer. Comment period ended February 9, 2022.
3/31/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 968 Main Street, Warren. Comment period ended February 9, 2022.
2/28/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 72 West Main Street, Spencer. Comment period ended February 9, 2022.
2/28/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 968 Main Street, Warren. Comment period ended February 9, 2022.
1/31/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 72 West Main Street, Spencer. Comment period ends February 9, 2022.
1/31/2022 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 968 Main Street, Warren. Comment period ends February 9, 2022.
9/30/2020 Close Branch Cornerstone Bank, Spencer - permission to close its branch office within Big Y Supermarket, 495 East Main Street, Southbridge - approved September 15, 2020.
8/31/2020 Close Branch Cornerstone Bank, Spencer - permission to close its branch office within Big Y Supermarket, 495 East Main Street, Southbridge. Comment period ended August 3, 2020.
7/31/2020 Close Branch Cornerstone Bank, Spencer - permission to close its branch office within Big Y Supermarket, 495 East Main Street, Southbridge. Comment period ends August 3, 2020.
11/30/2018 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 64 Leicester Street, North Oxford - approved November 14, 2018.
11/30/2018 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 130 West Main Street, Spencer - approved November 14, 2018.
10/31/2018 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 64 Leicester Street, North Oxford. Comment period ended September 24, 2018.
10/31/2018 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 130 West Main Street, Spencer. Comment period ended September 24, 2018.
9/28/2018 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 64 Leicester Street, North Oxford. Comment period ended September 24, 2018.
9/28/2018 Close Branch Cornerstone Bank, Spencer - permission to close its branch office located at 130 West Main Street, Spencer. Comment period ended September 24, 2018.
6/30/2017 Merger Spencer Savings Bank (Spencer), Spencer and Southbridge Savings Bank (Southbridge), Southbridge - permission for Southbridge to merge with and into Spencer under the charter and by-laws of Spencer with the name of the continuing institution being changed to Cornerstone Bank in coordination with the merger. The main office of Spencer would remain the main office of the continuing institution and the banking offices of Southbridge would be retained as branch offices - approved June 6, 2017.
5/31/2017 Merger Spencer Savings Bank (Spencer), Spencer and Southbridge Savings Bank (Southbridge), Southbridge - permission for Southbridge to merge with and into Spencer under the charter and by-laws of Spencer with the name of the continuing institution being changed to Cornerstone Bank in coordination with the merger. The main office of Spencer would remain the main office of the continuing institution and the banking offices of Southbridge would be retained as branch offices. Comment period ended May 17, 2017.
4/28/2017 Merger Spencer Savings Bank (Spencer), Spencer and Southbridge Savings Bank (Southbridge), Southbridge - permission for Southbridge to merge with and into Spencer under the charter and by-laws of Spencer with the name of the continuing institution being changed to Cornerstone Bank in coordination with the merger. The main office of Spencer would remain the main office of the continuing institution and the banking offices of Southbridge would be retained as branch offices. Comment period ends May 17, 2017.
5/31/2016 Establish a BHC Spencer, MHC (MHC) and Spencer Mid-Tier Holding Company (Mid-Tier), Spencer- permission to become bank holding companies through the direct and indirect acquisition of Southbridge Savings Bank, Southbridge. MHC and Mid-Tier are the mutual holding company and mid-tier stock holding company, respectively, of Spencer Savings Bank, Spencer. Upon consummation of the transaction, MHC and Mid-Tier would be the mutual holding company and mid-tier holding company for both Spencer Savings Bank and Southbridge Savings Bank - approved May 19, 2016.
4/30/2016 Establish a BHC Spencer, MHC (MHC) and Spencer Mid-Tier Holding Company (Mid-Tier), Spencer- permission to become bank holding companies through the direct and indirect acquisition of Southbridge Savings Bank, Southbridge. MHC and Mid-Tier are the mutual holding company and mid-tier stock holding company, respectively, of Spencer Savings Bank, Spencer. Upon consummation of the transaction, MHC and Mid-Tier would be the mutual holding company and mid-tier holding company for both Spencer Savings Bank and Southbridge Savings Bank. Comment period ended April 19, 2016.
3/31/2016 Public Hearing Public Hearing: April 12, 2016 at 10:30 a.m - Spencer, MHC (MHC) and Spencer Mid-tier Holding Company (Mid-Tier), Spencer- permission to become bank holding companies through the direct and indirect acquisition of Southbridge Savings Bank, Southbridge. MHC and Mid-Tier are the mutual holding company and mid-tier stock holding company, respectively, of Spencer Savings Bank, Spencer. Upon consummation of the transaction, MHC and Mid-Tier would be the mutual holding company and mid-tier holding company for both Spencer Savings Bank and Southbridge Savings Bank. Comment period ends April 19, 2016.
11/28/2014 Relocate Branch Office Spencer Savings Bank, Spencer - permission to relocate its branch office from 278 Park Avenue, Worcester to 230 Park Avenue, Worcester - approved November 21, 2014.
10/31/2014 Relocate Branch Office Spencer Savings Bank, Spencer - permission to relocate its branch office from 278 Park Avenue, Worcester to 230 Park Avenue, Worcester. Comment period ends November 14, 2014.
7/31/2012 Establish Branch Spencer Savings Bank, Spencer - notice to establish a branch office at 278 Park Avenue, Worcester - non-objection issued July 26, 2012.
3/30/2007 Reorganization into Mutual Holding Company (MHC) Spencer Savings Bank, Spencer, Massachusetts - permission to reorganize into a mutual holding company, Spencer MHC, as part of a multi-step transaction - approved March 2, 2007.
2/28/2007 Reorganization into Mutual Holding Company (MHC) Spencer Savings Bank, Spencer, Massachusetts - permission to reorganize into a mutual holding company, Spencer MHC, as part of a multi-step transaction. Comment period ended January 25, 2007.
1/31/2007 Establish a BHC Spencer Savings Bank, Spencer, Massachusetts - permission to reorganize into a mutual holding company, Spencer MHC, as part of a multi-step transaction. Comment period ended January 25, 2007.
12/29/2006 Reorganization into Mutual Holding Company (MHC) Spencer Savings Bank, Spencer, Massachusetts - permission to reorganize into a mutual holding company, Spencer MHC, as part of a multi-step transaction. Comment period ends January 25, 2007.