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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 730th largest bank in the nation. It was established in 1871 and as of June of 2021, it had grown to 167 employees at 13 locations. Cornerstone Bank (MA) has an A health rating.

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Health
A

Data as of Q2 2021

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Health Grade Components

Overall
FDIC Certificate #90282
Year Established1871
Employees167
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD7%
Annual Interest Income$23.0MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$1.39B$1.31B
LoansQ2 2021vs Q2 2020$1.16B$1.11B
DepositsQ2 2021vs Q2 2020$1.15B$1.03B
Equity CapitalQ2 2021vs Q2 2020$117.4MM$115.3MM
Loan Loss AllowanceQ2 2021vs Q2 2020$11.4MM$10.2MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$6.8MM$2.4MM
Real Estate OwnedQ2 2021vs Q2 2020$1.1MM$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Cornerstone Bank (MA); we are a rate comparison website and cannot provide official rates or promotions.

* 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

Availability

Boston Area

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