[caption id="attachment_8616" align="alignnone" width="400"] Todd Tallman[/caption]

[caption id="attachment_8609" align="aligncenter" width="400"] Randal D. Webber [/caption]

Todd Tallman and Randal D. Webber began new positions January 1

Cornerstone Bank, a community bank with 12 locations throughout central Massachusetts, has elevated two executives to new leadership roles effective January 1. Todd Tallman, formerly the Bank President and Treasurer, assumes the role of Chief Executive Officer (CEO.) Randal D. Webber, formerly Cornerstone’s Executive Vice President, Chief Operating Officer and Chief Lending Officer, will now serve as President. Both appointments were announced in the fall. Of his appointment, new Cornerstone Bank CEO Todd Tallman said, “I am honored to assume the role of CEO and wish to thank the Cornerstone Bank Board of Directors for the trust they have placed in me. I’m excited and invigorated to continue the institution’s legacy as a trusted community bank.” A seasoned financial professional and banking veteran, Tallman began his career as a certified public accountant before joining the banking world in 1998. First serving as Chief Financial Officer of Southbridge Savings Bank, he was promoted to President/CEO in 2014. Then, when Southbridge Savings Bank and SpencerBANK merged in 2016 to form Cornerstone Bank, Tallman was named President and Treasurer. With a passion for enriching the lives of others and supporting his community, he serves on the board of several nonprofit organizations and is a past president of the United Way of Southbridge, Sturbridge and Charlton. New President Randal Webber spoke highly of Tallman, his predecessor, recognizing the big shoes he must fill as he assumes his new role. “Todd has always been a strategic leader. I am honored to follow in his footsteps and build upon the strong foundation he laid as I assume the role of president.” Webber joined SpencerBANK in 2009 as Senior Vice President Chief Risk Officer, until being promoted to Executive Vice President, Chief Lending Officer in 2012. When Cornerstone Bank was formed in 2016, he was named Executive Vice President, Chief Operating Officer. Through each Executive-level role, he helped continue a growth trajectory in the Bank’s commercial and retail service and operations, particularly within its commercial portfolio. Webber currently serves on the board of the Worcester State University Foundation.

Effective January 1, 2021, Randal D. Webber will be appointed President at Cornerstone Bank. Currently, Webber serves as the Bank’s EVP, COO and Chief Lending Officer. “Randy has contributed enormously in helping Cornerstone honor our commitment to enhancing the vitality of local communities and the well-being of all of our customers” states Cornerstone Bank President and Treasurer Todd Tallman, who will assume the role of CEO on January 1. “His strategic and managerial skills go far beyond the lending discipline. I’ve found his insights on retail and digital banking to be invaluable—not only in relation to our products and services, but also the professional development of our team members.” After joining SpencerBANK in 2009 as SVP, Chief Risk Officer Webber served in increasingly responsible positions until his promotion in 2012 to EVP, Chief Lending Officer. When SpencerBANK and Southbridge Savings Bank created a merger of equals in 2016 to form Cornerstone Bank, Webber was named EVP, Chief Operating Officer. In this Executive-level role, he has helped facilitate significant growth of the Bank’s commercial and retail service and operations, particularly within its commercial portfolio. He currently serves on the Board of the Worcester State University Foundation. In a related development, SVP and Senior Commercial Officer Michael J. Quink will be promoted on January 1, 2021, to EVP, Senior Commercial Officer. Prior to his current role, Quink was SVP, Commercial Division Manager at SpencerBANK. He is a Board member of the Horace Mann Education Foundation.

Effective January 1, 2021, Cornerstone Bank President and Treasurer Todd Tallman will be appointed the Bank’s CEO. Tallman steps into the role as a banking veteran with over 20 years of experience. “Knowing Todd as well as I do, I am fully confident he will serve as an outstanding CEO,” states K. Michael Robbins, who will retire as Cornerstone Bank CEO on December 31, 2020, but continue to serve as the Bank’s Chairman. “Todd’s management, leadership and professional skills—not to mention that he’s a fine, caring individual by nature—make him eminently qualified for this position.” A Certified Public Accountant, Tallman began his career as an Audit Manager at KPMG. After joining Southbridge Savings Bank in 1998 as Chief Financial Officer, he served in increasingly senior positions until his promotion to President/CEO in 2014. Subsequently, in 2016, when Southbridge Savings Bank and SpencerBANK created a merger of equals to form Cornerstone Bank with assets totaling $1.3 billion, Tallman was named President and Treasurer. With a passion for supporting communities and enriching the lives of others, Tallman serves on the Boards of several nonprofit organizations—including Big Brothers Big Sisters of America—and is past President of the United Way of Southbridge, Sturbridge and Charlton. “I can’t thank Mike [Robbins] and the Cornerstone Board of Directors enough for the trust and confidence they are placing in me. As the saying goes, Mike will be a very tough act to follow. I’m tremendously excited about helping further Cornerstone’s legacy as a financially sound, highly trusted community bank—and I will ensure that, as a team, we are in the best position possible to make that happen.”

[caption id="attachment_8312" align="aligncenter" width="1000"] Cornerstone Bank Chairman & CEO K. Michael Robbins[/caption] After 34 years of dedicated service at Cornerstone Bank, K. Michael Robbins will be retiring as the Bank’s CEO on December 31, 2020; Mike will continue to serve as the Bank’s Chairman. The announcement was made by Cornerstone Bank President Todd Tallman. “Mike has been a committed, loyal member of our family for so long, his name is practically synonymous with Cornerstone Bank,” states Tallman. “He has always put the needs of customers first, and diligently worked to ensure that everything Cornerstone did was for the well-being of the community and its residents. In fact, Mike considered support of our community to be his greatest responsibility.” After serving in various senior level positions at Spencer Savings Bank from 1986 through 2003 and President & 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 dollars. In 2016, SpencerBANK and Southbridge Savings Bank created a merger of equals forming Cornerstone Bank with total assets today of 1.3 billion dollars. His professional affiliations include Chairman of the Board at COCC, a financial technology company serving financial institutions, as well as Finance Committee Member at Harrington Hospital. Robbins is also a Board Member of the Worcester Club and the Worcester Research Bureau and is supportive of the Juvenile Diabetes Research Foundation. “Knowing Mike, he’ll continue to be very active,” adds Tallman, who will replace Robbins as CEO. “Between golf, antique cars and traveling, he’ll be as busy as ever. I learned a great deal from Mike and we developed a very deep and lasting friendship. I wish him and his wife Cathy all the best in the years ahead—and every happiness in the world.”

Items to be collected at all locations. Cornerstone Bank is hosting a food drive from November 1^st through November 15^th, which will assist the Worcester County Food Bank to help those in need. During the drive, customers and local residents are encouraged to drop off non-perishable food items to any of Cornerstone Bank’s 13 branch locations. Drop-off locations include: • 2 Center Depot Road, Charlton • 1073 Main Street, Holden • 121 S. Main Street, Leicester • 93 Main Street, Rutland • 253-257 Main Street, Southbridge • 495 E. Main Street (inside Big Y), Southbridge • 176 Main Street, Spencer • 72 W. Main Street, Spencer • 200 Charlton Road, Sturbridge • 968 Main Street, Warren • 86 Worcester Road, Webster • 230 Park Avenue, Worcester • 70 W. Boylston Street, Worcester “This is a great opportunity to provide for our local food pantries and help our neighbors in need during the holiday season,” said Cornerstone Bank Chairman & CEO K. Michael Robbins.