Updike, Kelly & Spellacy, P.C. is Legal Counsel to Athol Savings Bank in its Proposed Merger with Cornerstone Bank On July 23, 2025, Athol Savings Bank, Athol, Massachusetts entered into a merger agreement with Cornerstone Bank, Spencer, Massachusetts, a subsidiary of PeoplesBancorp, MHC, Holyoke, Massachusetts. Pursuant to the merger agreement, Athol Savings Bank will merge with and into Cornerstone Bank as the surviving entity. As part of the merger, Athol Savings Bank will operate as a ...