Bank News
Cornerstone To Purchase Frontier Bank of Davenport
DAVENPORT -- Robert Butler, Chairman of Frontier Bank of Davenport, Nebraska and Kelly Holthus, President of Cornerstone Bank in York, Nebraska announced today an agreement has been reached for Cornerstone Bank to purchase Frontier Bank of Davenport. As of December 31, 2011, Frontier Bank of Davenport had total assets of $23 million with deposits of $19 million and loans of $12 million. The purchase is subject to shareholder and regulatory approval with a closing date expected in the second quarter of 2012.
Kelly Holthus stated Cornerstone Bank is very pleased to be a part of the Davenport Community and extend its banking activities into the rich agricultural area of Thayer County, Nebraska. Cornerstone has long been committed to the agricultural sector of the economy and also in serving many smaller communities in east central Nebraska.
David Bondegard, who is presently Manager of the Clay Center Branch of Cornerstone Bank, will also assume additional duties as Manager of the Davenport Facility. No personnel changes are expected, except that Jake Voss, who is currently President of the bank, will continue his employment with Frontier Holdings, LLC at another location.
Bob Butler, Chairman, thanked the employees of the bank for their many years of outstanding and loyal service. He is pleased to announce Cornerstone Bank intends to retain all of the bank’s remaining staff. He expressed his appreciation to the bank’s board of directors and to the broader Davenport community for their many years of support. Given Cornerstone’s depth and focus in serving smaller communities in central Nebraska, Mr. Butler shared his confidence that Cornerstone Bank will be an excellent steward for Frontier Bank’s customers and the broader community of Davenport. Once the purchase closes, existing customers of the bank will have full access to Cornerstone’s branch locations, ATM network, and many other services such as online banking.
Cornerstone Bank as of December 31, 2011, had $1.1 billion in assets and with the acquisition of Frontier Bank of Davenport, Cornerstone will have 32 banking facilities in 23 communities along with 12 insurance locations. At the present time Cornerstone Bank has banking facilities in the following communities in Nebraska: Albion, Aurora, Bartlett, Bradshaw, Central City, Clay Center, Columbus, Geneva, Grand Island, Hampton, Harvard, Henderson, McCool Junction, Monroe, Polk, Rising City, St. Edward, Shelton, Stromsburg, Sutton, Waco and York.
Cornerstone Bank is owned by First York Ban Corp. of York, Nebraska.
Cornerstone Bank Honors 64 at Recognition Dinner
YORK -- On Friday, January 6, 2012, Cornerstone Bank held its annual Employee Recognition Dinner at the York Country Club. Recognition gifts were presented to 64 honorees at that time.
Employees who were recognized for 5 years of service included: Julie Allison, Steve Anderson, AJ Bergen, Sonya Burgener, Joanie Bushhousen, Laurie Clemans, Susan Ellston, Pat Engel, Troy Flynt, Gilma Friesen, Enio Gomez, Diana Heiden, Ann Hurst, Kathi Kapperman-Ekeler, Megan Levos, Shari Lovegrove, Janelle Medinger, Audrey Newton, Ron Salsman, Darren Sanchez, Byron Schlueter, Nancy Spearow, Jeff Steckman and Ben Royal.
Roni Branting, Karla Block, Cindy Buhl, Judy Buzek, Kathy Clark, Derek Ferguson, Sheila Griess, April Lane, Troy Lindsley, Shari Mark, Marsha Newcomer, Carol Sheridan, Marj Steever, Nancy Wilkinson and Laurene Veik were honored for 10 years.
Those recognized for 15 years included Dennis Ferguson, Joyce Graves, Barb Hadland and Mary Van Ness.
Twenty year honorees were Pam Carlson, Marcia Carlstrom, Wendy Carraher, Jeff Noble, Jill Olson, Wilma Rankin, Jayne Schack, Karen Schmitz, Kelly Sinsel, Frances Von Bonn, Cheryl Young and Doug Young.
Board members honored for 25 years of service included Chuck Harris, Darroll Loschen and Don Witte.
Valora Ideus, Tami Paysen and Phyllis West were recognized for 30 years.
Randy Shelden was honored for 35 years. Merlyn Minderman was also honored for his 35 years on the Board of Directors.
Kelly Holthus was honored for 40 years of service on the Board of Directors.
Cornerstone Bank a Ticket Outlet for Cattlemen's Ball
MCCOOL JUNCTION – Country music star Justin Moore – known for top 10 singles “Small Town USA,” “If Heaven Wasn’t so Far Away” and “Backwoods” – will headline the entertainment at the 2012 Cattlemen’s Ball on Saturday, June 2.
The event will be held at the Stone Creek Event Center and will be hosted by the Allen and Shelly Clark family of McCool Junction.
Moore’s performance is just one of the many highlights of the 2012 Cattlemen’s Ball. Other activities include a prime rib dinner, art show, wine tasting, fashion show, silent auction, Barney Fife impersonator Rik Roberts, comic and magician Gayle Becwar, and a dance following the Moore concert featuring regional favorites, The Innocence.
A $75 Top Hand ticket provides admission to the event beginning at 1 p.m. on Saturday and includes the dinner, dance and Moore concert. Trail Boss tickets, which can be purchased for $350, include a Friday social, private champagne reception and brunch on Saturday, commemorative gift, plus preferred seating for the Saturday evening dinner and concert. Tickets can be purchased online at www.cattlemensball.com or by calling Cornerstone Bank, 402-724-2121.
“We are so pleased to host this annual event. It goes to a wonderful cause and there is something for everyone,” said hostess Shelly Clark, who suggested that tickets make a great holiday gift for every member of the family. “We can’t wait for everyone to come to McCool Junction in June.”
The Cattlemen’s Ball is hosted by a different Nebraska ranch or feedlot every year. Its mission is to raise money for cancer research at the UNMC Eppley Cancer Center, while showcasing rural Nebraska and promoting beef as part of a healthy diet.
Since its inception, the Cattlemen’s Ball has raised more than $6.29 million. In addition to providing funds to the UNMC Eppley Cancer Center, a portion of the funds also is given to local health care organizations.
For a complete list of volunteer and donation opportunities, including how to make an online contribution, visit www.cattlemensball.com or email volunteers@cattlemensball.com.
Cornerstone Purchases First State Bank of Shelton
SHELTON--Effective Thursday, October 6th, the First State Bank of Shelton was merged into Cornerstone Bank.
Robert Zuehlsdorf, who is Vice President and Manager of Facility Lending for Cornerstone Bank will serve as Vice President and Manager of the Shelton Facility. Other officers at Shelton are Monica Lovelace, Vice President/Personal Banker; Tonia Konwinski, Vice President/Loans; J. Cole Roberts, Assistant Vice President/Loans; and Joann Hulme, Assistant Vice President/Personal Banker.
In addition to the purchase of the bank, Cornerstone also purchased the First State Bank Insurance Agency and this agency will continue to be managed by Joann Hulme.
Kelly Holthus, President of Cornerstone Bank stated that he felt the Shelton 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 31 banking facilities in 22 communities and 12 insurance agencies in the 12 county area that it serves. Cornerstone Bank has over $1 billion in total assets and is a wholly owned subsidiary of First York Ban Corp.
Cornerstone Bank finishes new ATM
YORK--Cornerstone Bank completed a new ATM structure to replace the former ATM building at 1803 North Lincoln Avenue in York, in the Subway parking lot.
“This location is consistently one of our busiest ATM’s,” said Ray McKenna, Senior Vice President of Business Development at Cornerstone. “We are pleased that the construction went so smoothly and the ATM will be available for the holiday weekend.”
The new structure is more streamlined and has additional lighting for security purposes.
Kendell Holthus to chair NBA
LINCOLN--Kendell Holthus, executive vice president of Cornerstone Bank, was named chairman of the Nebraska Bankers Association during the association's Annual Convention on Friday, April 29 at the Cornhusker Marriott in Lincoln. Holthus will serve a one year term, ending in May of 2012.
Holthus joined the bank in 1994 as a commercial and agricultural loan officer. Today, he serves the bank as executive vice president and is a member of the bank's board of directors, executive committee and senior loan committee.
As chairman, Holthus will help lead the association's efforts to meet the needs of Nebraska's financial services industry, which include legislative representation, education, industry promotion, public relations and cost-saving products and services.
Holthus has served on various Nebraska Bankers Association committees including the NBA Board of Directors, NBA Executive Management Committee, NBA Government Relations Committee and NBA Voluntary Employees Beneficiary Association (VEBA) Board of Trustees.
We congratulate Kendell on this prestigious honor.
