Cornerstone Bank (MA)


Overview / Commentary
508-421-8070
230 Park Avenue
Worcester, MA 01609-1918

Cornerstone Bank (MA) is headquartered in Spencer and is the 38th largest bank in the state of Massachusetts. It is also the 728th largest bank in the nation. It was established in 1871 and as of March of 2021, it had grown to 162 employees at 13 locations. Cornerstone Bank (MA) has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #90282
Year Established1871
Employees162
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD6.9%
Annual Interest Income$11.6MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.39B$1.20B
LoansQ1 2021vs Q1 2020$1.15B$1.01B
DepositsQ1 2021vs Q1 2020$1.14B$932.1MM
Equity CapitalQ1 2021vs Q1 2020$114.8MM$120.7MM
Loan Loss AllowanceQ1 2021vs Q1 2020$11.6MM$6.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$10.3MM$2.6MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cornerstone Bank (MA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$500Moola Savings
OTHER TIERS: 0.05% $500+
0.25%--IRA Savings
0.25%*-$50kRITE Savings
OTHER TIERS: 0.10% $50k+
0.10%--Commercial Statement Savings
0.05%$10-Statement Savings
0.05%$10-Holiday Savings Plan

Cornerstone Bank (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$750k*-Business Money Market
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $250k | 0.15% $250k - $500k | 0.20% $500k - $750k
0.40%*$500k*-Premier Money Market - New Money
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $150k | 0.20% $150k - $350k | 0.35% $350k - $500k
0.25%*$500k*-Signature Money Market Account
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $350k | 0.15% $350k - $500k
0.10%*$5k*-Personal Money Market
OTHER TIERS: 0.05% Up to $5k

Cornerstone Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$25kRITE Interest Checking
OTHER TIERS: 0.15% $25k+
0.05%$10-Relationship Plus Checking
0.02%$10-Classic Checking

Cornerstone Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-15 Month CD
0.30%$500-8 Month CD

Cornerstone Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-15 Month IRA
0.30%$500-8 Month IRA
Locations

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