Cornerstone Bank, Inc.
| Status: | Inactive as of 01/01/2020 |
| Merger - Without Assistance | |
| Successor Bank: | Summit Community Bank, Inc |
| Headquarters: | Cornerstone Bank, Inc. 101 West Main Street West Union, WV 26456 |
| Established: | 01/01/1934 |
| FDIC Insurance: | 01/01/1934 |
| FDIC Cert: | #10045 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $194,797,000 |
| Total Deposits: | $172,855,000 |
History
| 1934-01-01 | Institution established: Original name:First National Bank in West Union | |
| 2006-12-01 | Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION | |
| 2006-12-01 | Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS | |
| 2006-12-01 | Changed name to Cornerstone Bank, Inc. | |
| 2020-01-01 | Merged into and subsequently operated as part of Summit Community Bank, Inc (34102) in MOOREFIELD, WV | |
| 2020-12-15 | Acquired WinFirst BankSummit Community Bank, Inc (29313) in WINCHESTER, KY. |