NORTH LOUP – Cornerstone Bank of York announced today that they have entered into an agreement to purchase 100% of the stock of Loup Valley Bancshares, Inc., which in turns owns 100% of the North Loup Valley Bank and North Loup Valley Insurance Agency Inc. As of September 30, 2014 the North Loup Valley Bank had Total Assets of $19 million with Deposits in excess of $17 million and Loans of $9 million. The purchase is subject to regulatory approval with the closing date expected in the first quarter of 2015.
Kelly Holthus, Chairman and CEO of Cornerstone Bank and First York Ban Corp., states that they are very pleased to be a part of the North Loup Community. Cornerstone Bank has long been committed to the agricultural sector of the economy and also in serving many smaller communities in Central Nebraska. The management of the Bank feels this move will be a further enhancement to expand our banking footprint. We will offer all the latest banking services that are available and still maintain the small town service that the North Loup customers expect and enjoy. An announcement will be made in the near future as to the management personnel of the bank.
Emil Hrebec, President of the North Loup Valley Bank, stated: “I have devoted many years to this Bank and the community of North Loup, but it is time for me to retire. I believe that the Holthus Family will continue the community focused banking in North Loup that has been my primary goal.”
Cornerstone Bank believes that your online security is of extreme importance. As we are all aware, as technology improves, certain security features become outdated. Effective November 19th, Cornerstone Bank removed the Security Picture and Passphrase combination from the password screen on your Online Banking and Mobile Banking logins. Also, after November 19th you will be required to answer different security questions. Online Banking customers will be prompted to change the security questions at login. Before attempting to use any Mobile Banking product, you will need to change your questions by logging in through a computer. Once the questions have been updated you can resume use of all of these products as usual.
Our new software is enhanced with a multi-layered system that increases the protection of your financial information.
As a reminder, we ask that you monitor you accounts closely. Please notify Cornerstone Bank immediately if you notice any fraudulent activity in your account. Cornerstone Bank also utilizes Fraudwatch Plus which tracks unusual activity on your debit card and will alert you of suspicious activity.
YORK-- The 32nd Annual Cornerstone Bank Tennis Tournament was held Saturday and Sunday August 9 and 10 at the Levitt Tennis Courts in York. Over 70 competitors took part in the two day event, and there was a competition in eight separate divisions.
In the Men’s Open Championship final, Joe Ritzdorf of York met Trevor Milburn of Lincoln. Ritzdorf defeated Milburn 6-1, 7-5.
In the Women’s Open Championship match Tammy Tegler of Eagle defeated Emily Petersen of York 6-3, 7-5.
Joe Ritzdorf (York) over Trevor Milburn (Lincoln) 6-1, 7-5
Logan Cobb (York) over Zach Tabor (Walton) 2-6, 6-0, 10-6
Phil Cook (Beatrice) over Scott Porath (Eagle) 7-6, 6-2
Tom Milburn (Lincoln) over Brian Kongsjord (Seward) 3-6, 6-2, 11-9
Men's Open Doubles
Joe Ritzdorf (York) and Comron Yazgerdi (Hastings) over Trevor Milburn (Lincoln) and Colby Hoshor (Lincoln) 6-1, 6-2
Tammy Tegler (Eagle) over Emily Petersen (York) 6-3, 7-5
Emily Meisinger (York) over Emma Zeller (Columbus) 6-4, 6-1
Shannon Brinkman (Lincoln) and Tammy Tegler (Eagle) over Patty Seier (Lincoln) and Deb Bitzer (Lincoln) 7-5, 7-6
You may have heard of a potential computer virus that affects the Internet Explorer browser. Cornerstone Bank has addressed this issue and we are confident that our online banking is secure. That being said, Microsoft and Cornerstone Bank recommend that people use another browser such as Chrome, Firefox or Safari until Microsoft corrects this issue.
UPDATED 4:00 p.m. 05/01/14 -- Microsoft has issued a fix for a security flaw in Internet Explorer. The fix updates the computers of all users of the Windows operating system who have automatic updates turned on. To turn on these updates, users should click on the "Check for Updates" button on the Windows Update portion of their Control Panel. The fix also includes code for the Windows XP operating system.