Announced

Cornerstone Bank to merge with Athol Savings Bank.

Synopsis

Cornerstone Bank, a financial institution offering a full range of banking and loan services, agreed to merge with Athol Savings Bank, a mutual savings bank. Financial terms were not disclosed. “This is an incredibly exciting time for us. We are growing. Athol Savings Bank has a great team, and its mission, values, and commitment to mutuality align seamlessly with ours. This move will strengthen our ability to serve our communities while preserving our focus on customer service. Our combined scale will make us more efficient, expand product offerings, and improve customer service through shared resources and technology. In today’s industry, scale matters,” Todd Tallman, Cornerstone Bank CEO.

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MergerLinks - Cornerstone Bank to merge with Athol Savings Bank.