Cornerstone Bank Announces Merger with Athol Savings Bank

Cornerstone Bank, a subsidiary of PeoplesBancorp, MHC, and Athol Savings Bank have announced the execution of a definitive merger agreement. Under the terms of the agreement, Athol Savings Bank will merge with and into Cornerstone Bank, expanding Cornerstone’s presence into the vibrant north central Massachusetts region. Following the merger, Athol Savings Bank will operate as a division of Cornerstone Bank, retaining its name and continuing to serve customers through its five existing branch locations.

PeoplesBank Arena in Hartford

PeoplesBank has secured the naming rights to Hartford's 16,000-seat world-class sports and entertainment venue, which will be called PeoplesBank Arena.

PeoplesBank and Cornerstone Bank Complete Merger of Holding Companies

PeoplesBank and Cornerstone Bank have announced that they have completed the merger of their holding companies and will now operate under PeoplesBancorp, MHC, as of January 31, 2025. The holding company will have over $6 billion in assets. However, PeoplesBank and Cornerstone Bank will continue to operate independently under their own names and brands, and there will be no changes from a customer perspective.