Region – After 34 years of dedicated service at Cornerstone Bank, K. Michael Robbins will be retiring as the bank’s CEO on December 31, 2020, but will continue to serve as chairman. The announcement was made by Cornerstone Bank President Todd Tallman, who will replace Robbins as CEO.
After serving in various senior level positions at Spencer Savings Bank from 1986 through 2003 and president and CEO at Spencer Savings Bank/SpencerBANK from 2003 through 2017, Robbins assumed the roles of Chairman & CEO at Cornerstone Bank. Under Robbins’ leadership, SpencerBANK’s total assets grew from $250 million to $600 million. In 2016, SpencerBANK and Southbridge Savings Bank created a merger of equals forming Cornerstone Bank with total assets today of $1.3 billion.
Cornerstone Bank is an independent, mutual savings bank serving the residents, businesses, and communities throughout Central Massachusetts from 10 offices, along with a Loan Center in Westborough. For more information, visit cornerstonebank.com, on Facebook, or call 800-939-9103.