Cornerstone Bank Purchases
Harvard State Bank
HARVARD--Effective April 1, 2010, Harvard State Bank of Harvard, Nebraska was merged into Cornerstone Bank.  The entire staff of the former Harvard State Bank will continue with Cornerstone and Steven Voorhees will continue as President and Manager of the Harvard Facility.

Harvard State Insurance Agency will now become Cornerstone Insurance Group.  The staff of the Harvard agency will continue with the Cornerstone Insurance Group. 
 
Kelly Holthus, President of Cornerstone Bank stated that he felt the Harvard bank and insurance agency would be a very good fit for Cornerstone as the customer base and services offered are similar to what Cornerstone is doing in several communities in east central Nebraska.

With this addition, Cornerstone has 30 banking facilities in 21 communities and 11 insurance agencies in the 11 county area that it serves. Cornerstone Bank is a wholly owned subsidiary of First York Ban Corp. which is a one bank holding company.

 

Holthus Inducted Into
Nebraska Business Hall Of Fame
LINCOLN--C.G. "Kelly" Holthus of Cornerstone Bank in York was one of four people to be inducted February 4 into the Nebraska Business Hall of Fame by the Nebraska Chamber of Commerce and Industry.

Holthus is Chairman, President and CEO of Cornerstone Bank.

The Nebraska Business Hall of Fame was established in 1992 by the Nebraska Chamber of Commerce & Industry and the University of Nebraska College of Business Administration, to recognize Nebraska business leaders whose contributions to Nebraska's economy and business environment are deserving of public acclaim.


The annual selection is made from nominations solicited from the general business community, statewide business association, and from academia. The criterion includes business people from large and small businesses and corporations who have made a significant contribution to the private enterprise system.

A permanent display honoring the inductees is in place at the University of Nebraska College of Business Administration, also a video about the honoree is located at the college for current and future business students to enjoy.

 

An Open Letter To
Cornerstone Bank Customers

September 24, 2008

 

Dear Customer:

 

I would like to take this opportunity to share with you my confidence in the strength and stability of Cornerstone Bank.  We are all inundated with the news from the national media in regard to the condition of banks.  The emphasis of the broadcasts of these press commentators is on investment banks and money market accounts that are different from what you, our customers, have in Cornerstone Bank, or in any other commercial bank.

 

Cornerstone Bank is regulated by the State of Nebraska and the Federal Reserve Bank, and our deposits are insured by the Federal Deposit Insurance Corporation, subject to account limitations.  In addition to these regulatory safeguards, we are a strong bank financially with approximately $65 million in Capital and Reserves.  We are fortunate at times like this that Cornerstone has always been managed in a very conservative manner and the quality of our loan portfolio is something of which we are very proud.

 

I am writing this letter just to assure you that the funds that you have on deposit with Cornerstone Bank are very safe and that we are continuing business as usual and making loans with the same underwriting standards that we have maintained for many years.  We certainly appreciate your business and would welcome the opportunity to discuss our financial condition with you, our customers.

 

Sincerely,

 

C. G. Holthus

President & CEO

 
 

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