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Bank News
Cornerstone to Purchase Custer Federal State Bank
BROKEN BOW – Bradley J. Shinn, Chairman of Custer Federal State Bank in Broken Bow, Nebraska, and Zac Holoch, President & CEO of Cornerstone Bank in York, Nebraska, announced today an agreement has been reached for Cornerstone Bank to purchase Custer Federal State Bank in Broken Bow and Kearney.
As of June 30, 2026, Custer Federal State Bank had total assets of $120 million, total deposits of $95 million and total loans of $85 million. The purchase is subject to regulatory approval with a closing date expected to be in the first quarter of 2027.
“Cornerstone Bank is very pleased to become a part of the Broken Bow and Kearney communities,” stated Holoch. “This purchase marks an exciting milestone in our growth strategy, allowing us to expand our footprint into key high-growth markets. We look forward to welcoming the customers and talented team of Custer Federal State Bank to our financial family.”
“I want to thank our customers for their patronage and support of the bank over the years,” said Shinn. “We have prided ourselves on knowing our customers on a personal level and being a family-owned bank. We are fortunate to have the opportunity to merge into a long-term, family-owned organization in Cornerstone Bank. Knowing Cornerstone is a family-owned bank gives us confidence that our customers will continue to receive the same personal service from the familiar faces who greet them at the banks in Broken Bow and Kearney every day. Cornerstone Bank and Custer Federal State Bank, a good fit for fulfilling the future banking needs of Broken Bow, Kearney and surrounding areas.”
As of September 30, 2026, Cornerstone Bank had $2.7 billion in assets and with the acquisition of Custer Federal State Bank, Cornerstone will have 51 banking locations in 42 communities along with 19 insurance locations. Cornerstone Bank has banking locations in the following communities in Nebraska: Albion, Ashton, 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, Orchard, Polk, Rising City, Shelton, St. Edward, Steinauer (coming in December of 2026), Stromsburg, Sutton, Tilden, Waco, Wilcox and York. Cornerstone Bank is owned by First York Ban Corp. of York, Nebraska.
Cornerstone to Purchase Bank of Steinauer
STEINAUER– Suzanne Borcher, President, and Carol Schaardt, Vice President, of The Bank of Steinauer in Steinauer, Nebraska, and Zac Holoch, President and CEO of Cornerstne Bank in York, Nebraska, announced today an agreement has been reached for Cornerstone Bank to purchase The Bank of Steinauer. The purchase is subject to regulatory approval with a closing date expected be in the fourth quarter of 2026.
"Cornerstone Bank is very pleased to be a part of the Steinauer Community," stated Holoch. "We are committed to the agricultural sector of the economy and serving many smaller communities in Nebraska. We feel this purchase will be further enhancement to expand our banking footprint."
“We want to thank our customers for their patronage and support of the bank over the years,” said Borcher. “We have always prided ourselves on knowing our customers on a personal level and being a family-owned bank. Knowing Cornerstone is also a family-owned bank, we are confident our customers will continue to receive the same personal service from the familiar faces who greet them at the bank in Steinauer every day.”
“Becoming a part of the Cornerstone family will benefit our customers and ensure the legacy of banking in Steinauer. Cornerstone has a reputation of community focused banking, just as The Bank of Steinauer always has, and will offer our customers additional financial services such as mobile banking, online account opening, online mortgage applications, trust and investment services, to name a few,” stated Schaardt.
As of August 31, 2026, Cornerstone Bank had $2.7 billion in assets and with the acquisition of Steinauer, Cornerstone will have 49 banking locations in 40 communities along with 19 insurance locations. Cornerstone Bank has banking locations in the following communities in Nebraska: Albion, Ashton, 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, Orchard, Polk, Rising City, Shelton, St. Edward, Stromsburg, Sutton, Tilden, Waco, Wilcox and York. Cornerstone Bank is owned by First York Ban Corp. of York, Nebraska.
Cornerstone Purchases Bank of Orchard
ORCHARD – Effective Thursday, December 5th, the Bank of Orchard was merged into Cornerstone Bank.
Bill Kester will serve as Vice President and Manager of the branch, while Heidi Blomenkamp and Mary Erb will serve as Operations Officers.
“Cornerstone Bank is excited to become a part of the Orchard community and grow our banking operation in this region,” stated Zac Holoch, President and CEO of Cornerstone Bank. “Cornerstone is committed to serving the smaller communities in the state, and Orchard fits well in our branch footprint.”
With this addition, Cornerstone has 48 banking locations in 39 communities, along with 18 insurance locations. Cornerstone Bank has banking locations in the following communities in Nebraska: Albion, Ashton, 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 is owned by First York Ban Corp. of York, Nebraska.
Travel Club
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 additional questions, please email travelclub@cornerstoneconnect.com.
