October 20, 2025

After More Than a Century, Penny Production Is Coming to an End

After more than 100 years in circulation, the U.S. Department of the Treasury has officially announced that it will stop producing pennies in 2026. While pennies will remain legal tender, they will gradually become less common in everyday transactions.

What This Means for You

With the end of penny production, the Federal Reserve will no longer receive new penny supplies from the U.S. Mint. Existing pennies will stay in circulation until they naturally phase out through wear and attrition. The Federal Reserve will continue distributing its remaining inventory, though availability may vary by region and financial institution.

For most consumers, this change will have minimal day-to-day impact. Retailers and businesses may begin rounding cash transactions to the nearest five cents, following standard rounding rules—rounding down for amounts ending in one or two cents, and rounding up for amounts ending in three or four cents. 

When You Visit a CSB Branch

You’ll notice the following updates regarding penny transactions:

• Rolled pennies will be limited to existing business customers and available only in smaller amounts while supplies last.
• CSB will continue accepting deposits of pennies.
• You may be asked, “Would you like us to deposit your change, or would you prefer to receive it?”

 

Electronic and card-based payments will remain unchanged, as they can continue to process exact amounts.

October 16, 2025

We will be performing a system maintenance on Saturday, October 18th through Sunday, October 19th until 4:00am. During the update process Internet Banking, Bank by Phone and our ATMs may not be available. 

September 26, 2025

Join us on October 11th at our Boylston Branch from 10:00-12:00 for Shred Day!

September 12, 2025

Update: Our Online Banking & eStatements upgrade planned for September 17th has been postponed. We’ll share the new date soon—watch your email and our social channels for updates. 

September 2, 2025

Exciting changes are coming to online banking and eStatements. The anticipated changes include an upgrade to our eStatement retention system. As outlined in our disclosure, you will continue to have online access to the past three years of eStatements. However, any statements older than three years may no longer be available online after this update. If you need access to any statements older than 3 years, please download or print accordingly. If a need arises in the future, statements older than 3 years are available from us by visiting a branch. Note: You may be prompted to accept the eStatement disclosure when you access eStatements after Sept 17th to have access to all of the updated features.

March 3, 2025

Please be aware that the branch located within Nashoba Regional High School will be closing on June 20, 2025.

November 7, 2024

Recently emails and text messages are being sent to individuals from "LifeLock" and other companies saying there is a property lien on their home and asking for personal information. Do Not call the number in the text or email.  Delete the correspondence and then look up the number to call directly.

June 24, 2024

All Annual Escrow Analysis Statements have been mailed to our Mortgage Customers. If there are any changes to your monthly payment due to escrow, this change will be effective with the 08/01/2024 payment. All Escrow Refunds have also been processed; all physical checks were mailed out on 06/21/2024. For those with deposit accounts at CSB belonging to the borrower(s) of the Mortgage, these funds have been deposited, and receipts have been mailed for your records. Please contact our Loan Servicing department if you have any questions or concerns.

June 17, 2024

Welcome to our new website! We hope that you enjoy.