Cornerstone Bank Appoints Alan Peppel to Board of Directors

Cornerstone Bank Appoints Alan Peppel to Board of Directors

Worcester, MA—Cornerstone Bank is pleased to announce the appointment of Alan Peppel to its Board of Directors. A former Southbridge Savings Bank Board Member, Peppel is replacing John Colognesi’s seat on the now Cornerstone Bank Board. Colognesi first became a Director for Southbridge Savings Bank in 1984; in October 2018, he retired as a Director and was named an Honorary Director of Cornerstone Bank.

A Missouri native and now longtime resident of Central Massachusetts, Peppel holds a BA in Economics from Carleton College and an MBA from Nichols College. He is also a graduate of the Management Course of the American Management Association and is certified as a Food Service Professional by the National Association of Food Equipment Manufacturers. Currently, Peppel is the Chairman of the Board and CEO of Affinity Group and CEO of Dexter-Russell, Inc. Along with his new Board Member position with Cornerstone Bank, Peppel also serves on and is a member of many local boards and organizations.

“We thank John for his contributions and service to the Board over the years, and we’re honored to have someone as experienced as Alan to join our Board,” stated K. Michael Robbins, Chairman and CEO of Cornerstone Bank.

“Alan embodies the spirit of community. We are fortunate to have him by our side as we continue to strengthen community in Worcester County,” commented Todd M. Tallman, President and Treasurer of Cornerstone Bank.

About Cornerstone Bank:

Cornerstone Bank is an independent, mutual savings bank serving the residents, businesses, and communitis throughout Central Massachusetts from offices in Charlton, Holden, Leicester, Rutland, Southbridge, Spencer, Sturbridge, Warren, Webster, and Worcester. Deposits are insured in full by a combination of the Federal Deposit Insurance Corporation and the Depositors Insurance Fund. The Bank is an Equal Opportunity Employer, Equal Housing Lender, and SBA Preferred Lender. For more information, visit online at, on Facebook, or call 800-939-9103.

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