Tom Senecal recently announced that he will retire at the end of 2025 after more than 35 years in the banking industry. PeoplesBank, which Mr. Senecal joined in 1995, has grown from a $450 million institution to almost $7 billion at the bank’s mutual holding company.
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 has secured the naming rights to Hartford's 16,000-seat world-class sports and entertainment venue, which will be called PeoplesBank Arena.
Corporate Responsibility is part of PeoplesBank’s DNA, but it’s also been a key tool as the bank expanded into Connecticut. Matt Bannister, Senior Vice President of Marketing and Corporate Responsibility, discussed the bank's giving with Banker & Tradesman.
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.
PeoplesBank exceeded $1.6 million in donations and over 8,000 volunteer hours in 2024.
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