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 724th largest bank in the nation. It was established in 1871 and as of December of 2020, it had grown to 162 employees at 13 locations. Cornerstone Bank (MA) has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #90282
Year Established1871
Employees162
Primary RegulatorFED
Profit Margin
Return on Assets - YTD-0.11%
Return on Equity - YTD-1.14%
Annual Interest Income$44.8MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.35B$1.17B
LoansQ4 2020vs Q4 2019$1.16B$1.01B
DepositsQ4 2020vs Q4 2019$1.09B$916.1MM
Equity CapitalQ4 2020vs Q4 2019$113.7MM$119.4MM
Loan Loss AllowanceQ4 2020vs Q4 2019$11.3MM$6.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$4.3MM$2.6MM
Real Estate OwnedQ4 2020vs Q4 2019$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+
0.35%*-$50kRITE Savings
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
0.45%*$500k*-Premier Money Market - New Money
OTHER TIERS: 0.10% $1k - $10k | 0.15% $10k - $50k | 0.20% $50k - $150k | 0.25% $150k - $350k | 0.40% $350k - $500k
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
0.30%*$500k*-Signature Money Market Account
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $150k | 0.15% $150k - $350k | 0.20% $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%*-$25kRITE Interest Checking
OTHER TIERS: 0.25% $25k+
0.10%$10-Relationship Plus Checking
0.05%$10-Classic Checking

Cornerstone Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-15 Month CD
0.35%$500-8 Month CD

Cornerstone Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-15 Month IRA
0.35%$500-8 Month IRA
Locations

Availability



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