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Cornerstone Bank (MA)


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

Cornerstone Bank (MA) is headquartered in Spencer and is the 37th largest bank in the state of Massachusetts. It is also the 703rd largest bank in the nation. It was established in 1871 and as of December of 2019, it had grown to 169 employees at 13 locations. Cornerstone Bank (MA)'s money market rates are 2X the national average, and it has an A health rating.

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Health
A

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90282
Year Established1871
Employees169
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD4.75%
Annual Interest Income$44.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.17B$1.16B
LoansQ4 2019vs Q4 2018$1.01B$994.8MM
DepositsQ4 2019vs Q4 2018$916.1MM$908.5MM
Equity CapitalQ4 2019vs Q4 2018$119.4MM$114.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$6.2MM$5.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$2.6MM$1.8MM
Real Estate OwnedQ4 2019vs Q4 2018$0$69.00K
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+
0.50%*-$50kKasasa Saver
OTHER TIERS: 0.25% → $50k+
0.50%*-$50kKasasa Saver with Cash Back
OTHER TIERS: 0.25% → $50k+
0.25%--IRA Savings
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
1.00%*$500k*-Premier Money Market - New Money
OTHER TIERS: 0.20% → $1k - $10k | 0.25% → $10k - $50k | 0.35% → $50k - $150k | 0.50% → $150k - $350k | 0.75% → $350k - $500k
0.75%*$750k*-Business Money Market
OTHER TIERS: 0.25% → Up to $50k | 0.35% → $50k - $250k | 0.45% → $250k - $500k | 0.50% → $500k - $750k
0.50%*$500k*-Signature Money Market Account
OTHER TIERS: 0.15% → $1k - $10k | 0.20% → $10k - $50k | 0.25% → $50k - $150k | 0.35% → $150k - $350k | 0.45% → $350k - $500k
0.15%*$5k*-Personal Money Market
OTHER TIERS: 0.05% → Up to $5k

Cornerstone Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*-$25kKasasa Cash
OTHER TIERS: 0.25% → $25k+
0.10%$10-Classic Checking
0.10%$10-Relationship Plus Checking

Cornerstone Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%--15 Month CD
1.15%--8 Month CD

Cornerstone Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%--15 Month IRA
1.15%--8 Month IRA
Locations

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