Cornerstone Recognizes Employees
Cornerstone Bank held its annual Employee Recognition Dinner at the York Country Club on Monday, January 14, 2019. Recognition gifts were presented to 63 honorees at that time.
Employees who were recognized for five years of service included Bev Moore, Isaac Schelkopf, Carolyn Meyer, Samantha Easterberg, Ross Wurdeman, Brenda Stricker, Bruce Okamoto, Dan Bartling, John Prusia, Lori Hoffman, Mike Nelson, Patrick Benson, Tracy Ross, Steve Janssen, Tasha Johnson, Jeramy Fowler, Todd Ostmeyer, Linda Mousel, Asia Haack, Elaine Shuck, Ann Heinen, Nate Friesen, Megan Shaw, Megan Romero, Deb Pliefke, Michael Eurek, Dawn Schaldecker, Julie Wilmes, and Patrick Dorcey.
Denese Becker, Diane Thompson, Dick Brehm, Bob Eller, Marianne Senff, Cathy Schack, Joyce Nunnenkamp, Sherri Bennett, Tim Bullock, Tracy Brockman, John Moeller, Jeanna Mohler, Linda Liska, Karin Newman, and Joyce Brown were honored for 10 years.
Those recognized for 15 years were Nikki Keller, Steve Gustafson, Jan Bestwick, Connie Nelson, and Laurie Stuhr.
Twenty-year honorees included Becky Becker, Janice Hamilton, Shelley Janzen, Ruth Huber, Rodger Richards, and Tom Schrader.
Brenda Raile was recognized for 25 years.
Thirty year honorees were Zach Suddarth and Lynn Vodvarka.
Recognized for 15 years of service on the Board of Directors included Daryl Wilton, Kelly Thomas, Beth Godbout and Tom Holthus.
Dick Brown was recognized for 20 years of service on the Board of Directors.
Cornerstone to Purchase Franklin State Bank
FRANKLIN – Kevin Slocum, President and CEO of Franklin State Bank, and Kelly Holthus, Chairman of Cornerstone Bank, announced today an agreement has been reached for Cornerstone Bank to purchase the Franklin State Bank in Franklin, Nebraska.
As of December 31, 2017, Franklin State Bank had Total Assets of $46 million, with Total Deposits of $37 million and Total Loans of $24 million. The purchase is subject to regulatory approval with a closing date anticipated in the fourth quarter of 2018. No personnel changes are expected.
“Cornerstone Bank is very pleased to be a part of the Franklin community,” stated Holthus. “Cornerstone is committed to the agricultural sector of the economy and also in serving many smaller communities in Nebraska.”
“I would like to thank the customers of Franklin State Bank for their loyalty and patronage over the years” said Slocum. “The Franklin area has been very special to our family for the past 88 years, and I hope we have been able to make a difference in the community and the great people of this area. Our family has been honored to work alongside each and every one of you.
“We are pleased that Cornerstone is the buyer as they are a strong bank,” Slocum continued. “They will be able to provide our customers with the same high level of service and an even broader range of banking services and financial products.”
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 and mobile banking.
As of December 31, 2017, Cornerstone Bank had $1.6 billion in Total Assets and with the acquisition of Franklin State Bank; Cornerstone will have 41 banking branches in 32 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, Murray, 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.
Cornerstone building New Bank Near Beaver Lake
“The decision to invest in Beaver Lake was an easy one,” Henning said. “With two branches in Cass County, we are committed to this community and fortunate to have loyal customers from around the area.”
Construction of the 6,500 square foot building has already begun and should be completed in the first quarter of 2019.
Cornerstone Bank Receives Lender Honors From USDA Rural Development
GRH loans have been processed in 71 out of the 93 counties throughout Nebraska. Existing guaranteed or direct loan borrowers may refinance their home loans under the GRH loan program to obtain a possible lower interest rate.
USDA is an equal opportunity provider, employer, and lender.
Equifax Data Breach Information: The Facts
Equifax is not a bank, it is a credit bureau. It is one of three major credit reporting agencies and handles the data of 820 million consumers and more than 91 million businesses worldwide.
On September 7th, Equifax announced that the records of approximately 143 million Americans were breached between May and July of this year. Those records contained names, birth dates, addresses, Social Security numbers and some driver’s license numbers. At this time, it appears hackers did not gain access to full credit reports.
In addition to the personal information accessed, 209,000 credit card numbers were obtained. Equifax has indicated that debit cards were not exposed – therefore criminals are unlikely to have the ability to withdraw funds from a checking account.
It has been determined that the data breach occurred because hackers were able to exploit a software vulnerability/flaw that was not patched in a timely manner.
The biggest risk posed by this breach is the threat of identity theft.
What do I do now?
How do I contact the credit bureaus?
Below is another credit bureau that is becoming more widely used and should also be considered.
Where can I get additional information about the Equifax breach?