HILDRETH--Effective Friday, September 30th, The State Bank of Hildreth was merged into Cornerstone Bank.
The entire staff of the former State Bank of Hildreth will continue with Cornerstone, and Matt Mundorf will serve as Vice President and Manager of the Hildreth Branch.
Matt Mundorf added becoming part of the Cornerstone family will benefit customers. Cornerstone has a reputation for community focused banking on which The State Bank of Hildreth was founded and will provide additional financial services such as online banking, mobile banking, trust and investment services to name a few.
Kelly Holthus, Chairman of the Board of Cornerstone Bank, stated that he felt the bank in Hildreth 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 39 banking facilities in 30 communities and 15 insurance agencies in the 16 county area that it serves. Cornerstone Bank has $1.5 billion in total assets and is a wholly owned subsidiary of First York Ban Corp.
More than 200 high school students from 14 area high schools attended the 26th Annual Careers in Agriculture Day on September 28 at the Holthus Convention Center sponsored by Cornerstone Bank.
Keynote speaker for the day was Willow Holoubek, Executive Director for the Alliance for the Future of Agriculture in Nebraska (A-FAN). Willow shared the story of her journey leading into the agricultural field and her love for her current role at A-FAN. Her inspiring presentation encouraged students to recognize the importance they play in their communities as they enter the agricultural industry and to share their stories with others. She stressed that the students present were the future of the agriculture industry – and that they should be proud.
Students learned of educational opportunities, training requirements and salary range potential in agriculture related fields from roughly thirty presenters and instructors.
Topics included alternative production agriculture; conventional production agriculture and farm management; commodity marketing and grain merchandising; ag education/extension; agronomy and horticulture; ag finance and banking; sales and ag mechanics; veterinary/animal science; career bingo and a session on “Smart Credit”. Students were also given the opportunity to visit with colleges during a college fair session.
In addition to the sessions, two scholarships of $1000 each will be awarded to graduating seniors who attended the event. The scholarships are sponsored by Cornerstone Bank.
Schools attending Careers in Agriculture Day were: Aurora, Bruning-Davenport, Centennial, Central City, Exeter-Milligan, Fullerton, Hampton, Heartland, High Plains, McCool Junction, Sutton, Thayer Central, Twin Rivers and York.
MURRAY – An announcement was made today that Cornerstone Bank has entered into an agreement to purchase Swedlund Management Company and its wholly-owned subsidiary, Murray State Bank. As of June 30, 2016, Murray State Bank had Total Assets of $47 million, with Total Deposits of $40 million and Total Loans of $27 million. The purchase is subject to regulatory approval with a closing date expected in the fourth quarter of 2016.
“Cornerstone Bank is very pleased to have the opportunity to expand into eastern Nebraska and acquire Murray State Bank; thereby, growing our banking operation into this rich agricultural region, as well as becoming a part of the suburban area,” stated Kelly Holthus, Chairman of Cornerstone Bank. “Cornerstone is committed to serving the smaller communities in the state, and this expansion fits well into our business plan.”
Holthus also mentioned that no personnel changes are expected.
Larry Swedlund, President and CEO of Murray State Bank, has owned and operated the bank for 42 years. He has known Kelly Holthus for many years and appreciates the way Cornerstone Bank treats its customers, employees and the communities it serves. Swedlund, who will retire upon completion of the sale, said that Cornerstone brings to Cass County large bank strength with small town and rural banking expertise.
As of June 30, 2016, Cornerstone Bank had $1.5 billion in Total Assets and with the acquisition of Murray State Bank; Cornerstone will have 40 banking branches in 31 communities. Other communities include: Albion, Aurora, Bartlett, Bradshaw, Central City, Clay Center, Columbus, Davenport, Edgar, Geneva, Glenvil, Grand Island, Guide Rock, Hampton, Harvard, Henderson, Hildreth, Marquette, McCool Junction, Monroe, North Loup, Polk, Rising City, Shelton, St. Edward, Stromsburg, Sutton, Waco, Wilcox and York. Cornerstone Bank is owned by First York Ban Corp. of York.
We have a big, blank canvas, and we've asked the community of York to help us create a beautiful mural that will be enjoyed for many years to come.
We've received many submissions of mural design ideas. Contest registrations were due September 9, 2016. A committee will review all contest entries, and contestants will be notified by September 15, 2016.
Upon selecting the winning contest entry, Cornerstone Bank will hire a professional muralist to create the final sketch for the Community Canvas and paint the mural. The winning contest entry will receive $300.
Thank you to all who submitted an entry for the York Community Canvas Mural Contest. We look forward to seeing which design is selected!
Cornerstone Bank installed a new, drive-thru ATM at their downtown York branch located at 526 North Grant Avenue.
The new ATM is one of the final pieces of the construction project at the York East location and can be found in the far drive-thru lane. The building to the south of the branch was demolished in the fall of 2015, which made space for a wider drive-thru lane and some parking stalls. This is also the location of the Community Canvas, a mural contest for York residents.
“We are pleased to have a drive-thru ATM location in downtown York,” said Mandy Hengelfelt, Vice President of Marketing & Business Development at Cornerstone Bank. “This will be a great addition to the area just in time for Labor Day and Yorkfest.”
The new ATM is Cornerstone’s tenth ATM location in York. For a list of all Cornerstone Bank ATM locations, visit our ATM Locations page.
The 34th Annual Cornerstone Bank Tennis Tournament was held Saturday and Sunday August 6 and 7 at the Levitt Tennis Courts in York. Over 80 competitors took part in the two day event, and there was a competition in nine separate divisions.
In the Men’s Open Championship final, Seth Harris of Crete met Erik Hjermstad of Lincoln. Harris defeated Hjermstad 6-3, 7-5.
In the Women’s Open Championship match Katherine Ternent of Lincoln defeated Clair Hying of Lincoln 6-2, 6-1.
Men's Open: Seth Harris (Crete) over Erik Hjermstad (Lincoln) 6-3, 7-5
Erik Hjermstad, Seth Harris
Men's B: Jameson Hofker (Lincoln) over Ed Kirkwood (Fremont) 6-4, 6-0
Ed Kirkwood, Jameson Hofker
Men's 35: Chris Warneke (York) over Frank Tenkorang (Kearney) 6-0, 6-0
Frank Tenkorang, Chris Warneke
Men's 50: Phil Cook (Beatrice) over Mark Leahy (Fremont) Default after rain delay
Phil Cook, Mark Leahy
Men's Open Doubles: Joe Ritzdorf (Grand Island) and Comron Yazdgerdi (Hastings) over Seth Harris (Crete) and Grayson McCartney (Papillion) 3-6, 6-1, 10-6
Grayson McCartney, Seth Harris, Joe Ritzdorf, Comron Yazdgerdi
Men's 35+ Doubles: Mark Leahy (Fremont) and Clark Thomas over Mike Willman (Fremont) and Chris Westergaard 3-6, 6-4, 10-7
Mike Willman, Chris Westergaard, Clark Thomas, Mark Leahy
Women's Open: Katherine Ternent (Lincoln) over Claire Hying (Lincoln) 6-2, 6-1
Katherine Ternent, Claire Hying
Women's B: Nicole Mittman (York) over Penny Jacobsen (York) 1-6, 6-3, 11-9
Penny Jacobsen, Nicole Mittman
Women's Doubles: Jennifer Heywood (Lincoln) and Kristin Weems over Tammy Tegler (Eagle) and Claire Hying (Lincoln) 6-1, 6-3
Jennifer Heywood, Kristin Weems, Claire Hying, Tammy Tegler
Effective Friday, July 15th, the Wilcox Branch of Iowa-Nebraska State Bank was merged into Cornerstone Bank.
Mike Soneson will serve as Vice President and Manager of the Wilcox Branch. Mike is a native of the Holdrege area, and graduated from Holdrege High School and the University of Nebraska with a B.S. Degree in Agronomy.
He has farmed and also worked as a Loan Officer at the First National Bank of Holdrege for nine years. Mike and his wife, Marcia, have four grown children and nine grandchildren.
In addition to the purchase of the bank, Cornerstone also purchased the Iowa-Nebraska State Bank Insurance Agency at Wilcox. This agency will continue to be managed by Stephanie Harms.
Kelly Holthus, Chairman of the Board of Cornerstone Bank, stated that he felt the bank in Wilcox 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 38 banking facilities in 29 communities and 15 insurance agencies in the 15 county area that it serves. Cornerstone Bank has $1.5 billion in total assets and is a wholly owned subsidiary of First York Ban Corp.
Katie Cumming, Cornerstone Bank Ag Intern, Kelly Holthus, Chairman of Cornerstone Bank, and Dr. Ron Hanson, Professor of Agribusiness at the University of Nebraska-Lincoln, pose for a photo during Dr. Hanson’s visit to York. Dr. Hanson retired this spring after 43 years of service to the University of Nebraska-Lincoln. He created the agribusiness program and the ag banking and finance program in the Department of Agricultural Economics. Cornerstone has enjoyed hosting an ag intern at the bank for all but one year of the program’s existence. We thank Dr. Hanson for his years of service and wish him well during retirement!