Cornerstone Bank is a Commercial bank, state charter, Fed member, and supervised by the Federal Reserve Bank (FRB) based in Spencer, Massachusetts, established in 04/05/1871. Operating with a focus on Commercial Lending Specialization, it offers a broad range of financial services across its 10 domestic offices and 0 foreign offices. As of the last update on 04/12/2024, Cornerstone Bank reported total assets of $1,595,240 and manages deposits totaling $1,304,229 from its domestic operations. This institution is recognized for its commitment to stability and growth, reflected in a net income of $915 thousands last year. For more details, visit their website at www.cornerstonebank.com.
Bank Information:
- Bank Name: Cornerstone Bank
- Address: 176 Main St, Spencer, Worcester, MA, 1562
- Website: www.cornerstonebank.com
Classification and Operations:
- State: Massachusetts
- Institution Class: Commercial bank, state charter, Fed member, and supervised by the Federal Reserve Bank (FRB)
- Bank Class: State savings, co-op, or industrial bank, FRS member
- Specialization: Commercial Lending Specialization
- Regulatory Reporting Form Number:
Bank Office and Assets:
- Number of Domestic Offices: 10
- Number of Foreign Offices: 0
- Total Assets: $1,595,240
- Total Deposits: $1,304,229
- Domestic Office Deposits: $1,304,229
Financial Data:
- Net Income (Attributable to Bank): $915
Establishment and Record:
- Established Date: 04/05/1871
- Last Recorded Data on: 04/12/2024