Cornerstone Bank in Mass. says president will retire in 2026

Cornerstone Bank in Spencer, Mass., said its leader will step down in 2026.

The $1.6 billion-asset bank said that Randall Webber will retire as its president early next year. He has led Cornerstone since January 2020.

Cornerstone, which recently agreed to merge with the $4.2 billion-asset PeoplesBank in Holyoke, Mass., did not announce a successor.