Cornerstone to Purchase Ashton State Bank
YORK--Cornerstone Bank of York announced today that they have entered into an agreement to purchase the Ashton State Bank at Ashton, Nebraska. The Ashton State Bank has total assets of approximately $19 million with deposits in excess of $17 million and loans in excess of $11 million. The purchase is subject to regulatory approval with a closing date expected to be in the third quarter of 2022.
Kelly Holthus, Chairman of Cornerstone Bank and First York Ban Corp., states that they are very pleased to be a part of the Ashton 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 their banking footprint.
The Badura Family incorporated Ashton State Bank in September, 1908 and the family has had continual ownership since that time. Cornerstone appreciates the opportunity to purchase the bank from the Badura Family.
As of June 30, 2022, Cornerstone Bank had $2.1 billion in assets and with the acquisition of Ashton, Cornerstone will have 47 banking facilities in 38 communities along with 18 insurance locations. Cornerstone Bank has banking facilities in the following communities in Nebraska: Albion, Aurora, Bartlett, Beaver Lake, Bradshaw, Central City, Clay Center, Clearwater, Columbus, Creighton, Davenport, Edgar, Franklin, Geneva, Glenvil, Grand Island, Guide Rock, Hampton, Harvard, Henderson, Hildreth, McCool Junction, Malmo, Marquette, Monroe, Murray, North Loup, Polk, Rising City, Shelton, St. Edward, Stromsburg, Sutton, Tilden, Waco, Wilcox and York.
Cornerstone Bank Celebrates 140 Years
On April 22, Cornerstone Bank will celebrate their 140th anniversary. An open house is set for this Friday, April 22.
Cornerstone Bank was chartered in 1882 and operated with $50,000 in assets. Surviving the pioneer days, Great Depression and a bank robbery in 1933 the bank has grown and prospered over the past 140 years.
Today, Cornerstone Bank is a leading financial services provider offering deposit products, loan products, trust services, farm management services and investment and insurance products. Cornerstone Bank serves central Nebraska with 46 locations in 37 communities and has assets over $2 billion.
“Cornerstone Bank is and always will be a hometown bank,” said Zac Holoch, President and CEO of Cornerstone. “We’re family owned and staffed by local people - your friends, your neighbors and your peers. Our focus will always revolve around what is best for the communities and customers we serve.”
“I would like to thank everyone who made our 140 years possible including our Board of Directors for their leadership, our employees for their hard work and dedication and of course, our customers,” said Kelly Holthus, Chairman of Cornerstone Bank. “We realize you have a choice in banks and we thank you for choosing Cornerstone.”
The staff of Cornerstone Bank invites everyone to stop by their open house this Friday, April 22nd to celebrate their 140th anniversary. Refreshments and giveaways will be available, as well as a chance to win a $1,400 cash grand prize.
Cornerstone Bank is excited to offer a Travel Club to the communities and customers we serve in Nebraska. Our Travel Club is open to Cornerstone customers of all ages and their friends. All of the trips are well organized with every detail managed on your behalf by Gannon Travel Associates out of Grand Island. All you have to do is come ready for fun!
If you have any questions, please email email@example.com or contact Gannon Travel Associates at (308) 381-8785.
The Gannon family has worked in the travel industry for over 20 years, and now exclusively focuses on group travel. At this time, all reservations and payments will be conducted through Gannon Travel Associates. Simply contact Gannon Travel Associates at (308) 381-8785 and mention “Cornerstone Travel Club” when you sign up.
Full payment is due within one week of making your reservation. Cash or check is our preferred method of payment. Checks may be mailed to:
Gannon Travel Associates
If you have any additional questions, please email firstname.lastname@example.org.
Cornerstone Building New Bank in Geneva
GENEVA – Cornerstone Bank began construction on a new bank located at 311 N. 13th Street in Geneva. The new full service bank will provide both walk in and drive-thru capabilities, a drive-thru ATM and additional office space. This will be the new Geneva home office, with the current office at 1141 G Street closing once the new building is complete.
“Customer service is the most important thing we offer,” said Adam Wallin, Vice President and Manager of Cornerstone Bank in Geneva. “The new building with a drive-thru window, drive-thru ATM and the additional space will enhance our service and allow for a more enjoyable banking experience.
“We are committed to meeting the financial needs of our customers,” Wallin said. “We have a strong commitment to the Geneva community and are thankful for the success we have gained here.”
Construction of the 5,200 square foot building has already begun and should be completed in the first quarter of 2022.