Cornerstone Bank CEO Michael Robbins will retire at the end of the calendar year, after 34 years of working with the financial institution, the Worcester bank announced on Thursday.
The merger of the holding companies of SpencerBANK and Southbridge Savings Bank has been approved and will operate under the name SSB Community Bancorp MHC.
SpencerBANK and Southbridge Savings Bank will merge their mutual holding companies, bringing together their assets while continuing to remain independent, the banks announced Wednesday.
Imperial Distributors, of Worcester and Auburn, is this year's Richard B. Kennedy Business of the Year. It is one of several awards announced Wednesday by the Worcester Regional Chamber of Commerce, along with presenting sponsor Fidelity Bank.