Cornerstone Bank, Inc.

Status:Inactive as of 2020-01-01
 Merger - Without Assistance
Successor Bank:Summit Community Bank, Inc
Headquarters:Cornerstone Bank, Inc.
101 West Main Street
West Union, WV 26456
Established:1934-01-01
FDIC Insurance:1934-01-01
FDIC Cert:#10045
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:4
Total Assets:$194,797,000
Total Deposits:$172,855,000

History

1934-01-01Institution established: Original name:First National Bank in West Union
2006-12-01Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2006-12-01Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION
2006-12-01Changed name to Cornerstone Bank, Inc.
2020-01-01Merged into and subsequently operated as part of Summit Community Bank, Inc (34102) in MOOREFIELD, WV

Financial Information (2019-12-31 and Older)