Athol Savings Bank to merge with Cornerstone Bank

Bank / Credit Union

Photo: Adobe Stock

August 7, 2025

Athol Savings Bank, based in Massachusetts, announced plans to merge with Cornerstone Bank. Through this merger, Athol will operate as a division of Cornerstone Bank, according to a press release.

Athol will also maintain its name and five branches to maintain continuity for its customers. All staff will be retained as well. The goal of this merger is to improve Cornerstone’s reach into the north central Massachusetts region.

“This is an incredibly exciting time for us,” Todd Tallman, CEO of Cornerstone Bank, said in the release. “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.”

Pending approval, the merger is expected to close in the first quarter of 2026.