Cornerstone Bancs Tn (CSBQ) 3.9000 $CSBQ
Cornerstone Merger With SmartFinancial Approved by Federal Reserve Board
PR Newswire - Wed Jul 29, 7:00AM CDT
Cornerstone Bancshares, Inc. ("Cornerstone"; OTCBB: CSBQ; CSBQP), parent company of Cornerstone Community Bank ("Bank"
, received official notification in a letter dated July 22, 2015, that the Board of Governors of the Federal Reserve System approved the application by Cornerstone to merge with SmartFinancial, Inc., parent company of SmartBank.
Cornerstone Bancshares, Inc. Reports Positive Earnings for Second Quarter of 2015
PR Newswire - Mon Jul 27, 7:00AM CDT
Cornerstone Bancshares, Inc. ("Cornerstone"; OTCBB: CSBQ; CSBQP), parent company of Cornerstone Community Bank ("Bank", reported net income of approximately $318,000 for the second quarter of 2015. While this represents a slight decrease compared with net income of approximately $409,000 for the same quarter last year, the second quarter 2015 includes approximately $474,000 in expenses related to the disposition of foreclosed assets and approximately $222,000 in merger related expenses. Cornerstone reported net income of approximately $798,000 for the six months ended June 30, 2015 compared to approximately $822,000 for the six months ended June 30, 2014. This marks the eighteenth consecutive quarter of positive earnings for Cornerstone.
Cornerstone & SmartBank Announce Chief Experience & Strategy Officer
PR Newswire - Mon Jun 15, 10:07AM CDT
Cornerstone Community Bank and SmartBank are pleased to announce the addition of Stefanie Crowe as Executive Vice President, Chief Experience & Strategy Officer.
Cornerstone Bancshares, Inc. Reports Positive Earnings for First Quarter of 2015
PR Newswire - Tue Apr 28, 7:00AM CDT
Cornerstone Bancshares, Inc. ("Cornerstone"; OTCBB: CSBQ; CSBQP), parent company of Cornerstone Community Bank ("Bank", today reported net income of approximately $480,000 for the first quarter of 2015, compared with approximately $412,000 for the same quarter last year. This marks the seventeenth consecutive quarter of positive earnings for Cornerstone.
Cornerstone Bancshares, Inc. Reports Positive Earnings for Fourth Quarter of 2014
PR Newswire - Tue Jan 27, 11:23AM CST
Cornerstone Bancshares, Inc. ("Cornerstone"; OTC Bulletin Board: CSBQ; CSBQP), holding company of Cornerstone Community Bank ("Bank", today announced net income of $412,000 for the fourth quarter of 2014, which represents a 2.1 percent increase in net income compared with the same quarter of 2013. This also marks the sixteenth consecutive quarter of positive earnings for Cornerstone.
SmartFinancial and Cornerstone Bancshares to Merge
PR Newswire - Mon Dec 08, 6:00AM CST
SmartFinancial, Inc. ("SmartFinancial", parent company of SmartBank, and Cornerstone Bancshares, Inc. ("Cornerstone" (OTCBB: CSBQ, CSBQP), parent company of Cornerstone Community Bank, jointly announced today the signing of a definitive agreement to merge, creating a combined company that will operate under the name SmartFinancial, Inc. While the two holding companies will be combined, the banks will initially remain independent and continue to operate under their respective names in their respective markets. The company plans to merge the banks in the future, combining them under the SmartBank name. Headquartered in Pigeon Forge, TN, SmartBank operates seven branch locations throughout East Tennessee and Northwest Florida. Based in Chattanooga, TN, Cornerstone Community Bank currently has five branch locations throughout the Chattanooga MSA.
Cornerstone Bancshares, Inc. Reports Positive Earnings for Third Quarter of 2014
PR Newswire - Mon Oct 27, 12:08PM CDT
Cornerstone Bancshares, Inc. ("Cornerstone"; OTC Bulletin Board: CSBQ; CSBQP), holding company of Cornerstone Community Bank ("Bank", today announced net income of approximately $406,000 for the third quarter of 2014. This marks the fifteenth consecutive quarter of positive earnings for Cornerstone.
Cornerstone Merger With SmartFinancial Approved by Federal Reserve Board
PR Newswire - Wed Jul 29, 7:00AM CDT
Cornerstone Bancshares, Inc. ("Cornerstone"; OTCBB: CSBQ; CSBQP), parent company of Cornerstone Community Bank ("Bank"
, received official notification in a letter dated July 22, 2015, that the Board of Governors of the Federal Reserve System approved the application by Cornerstone to merge with SmartFinancial, Inc., parent company of SmartBank. Cornerstone Bancshares, Inc. Reports Positive Earnings for Second Quarter of 2015
PR Newswire - Mon Jul 27, 7:00AM CDT
Cornerstone Bancshares, Inc. ("Cornerstone"; OTCBB: CSBQ; CSBQP), parent company of Cornerstone Community Bank ("Bank"
, reported net income of approximately $318,000 for the second quarter of 2015. While this represents a slight decrease compared with net income of approximately $409,000 for the same quarter last year, the second quarter 2015 includes approximately $474,000 in expenses related to the disposition of foreclosed assets and approximately $222,000 in merger related expenses. Cornerstone reported net income of approximately $798,000 for the six months ended June 30, 2015 compared to approximately $822,000 for the six months ended June 30, 2014. This marks the eighteenth consecutive quarter of positive earnings for Cornerstone. Cornerstone & SmartBank Announce Chief Experience & Strategy Officer
PR Newswire - Mon Jun 15, 10:07AM CDT
Cornerstone Community Bank and SmartBank are pleased to announce the addition of Stefanie Crowe as Executive Vice President, Chief Experience & Strategy Officer.
Cornerstone Bancshares, Inc. Reports Positive Earnings for First Quarter of 2015
PR Newswire - Tue Apr 28, 7:00AM CDT
Cornerstone Bancshares, Inc. ("Cornerstone"; OTCBB: CSBQ; CSBQP), parent company of Cornerstone Community Bank ("Bank"
, today reported net income of approximately $480,000 for the first quarter of 2015, compared with approximately $412,000 for the same quarter last year. This marks the seventeenth consecutive quarter of positive earnings for Cornerstone. Cornerstone Bancshares, Inc. Reports Positive Earnings for Fourth Quarter of 2014
PR Newswire - Tue Jan 27, 11:23AM CST
Cornerstone Bancshares, Inc. ("Cornerstone"; OTC Bulletin Board: CSBQ; CSBQP), holding company of Cornerstone Community Bank ("Bank"
, today announced net income of $412,000 for the fourth quarter of 2014, which represents a 2.1 percent increase in net income compared with the same quarter of 2013. This also marks the sixteenth consecutive quarter of positive earnings for Cornerstone. SmartFinancial and Cornerstone Bancshares to Merge
PR Newswire - Mon Dec 08, 6:00AM CST
SmartFinancial, Inc. ("SmartFinancial"
, parent company of SmartBank, and Cornerstone Bancshares, Inc. ("Cornerstone" (OTCBB: CSBQ, CSBQP), parent company of Cornerstone Community Bank, jointly announced today the signing of a definitive agreement to merge, creating a combined company that will operate under the name SmartFinancial, Inc. While the two holding companies will be combined, the banks will initially remain independent and continue to operate under their respective names in their respective markets. The company plans to merge the banks in the future, combining them under the SmartBank name. Headquartered in Pigeon Forge, TN, SmartBank operates seven branch locations throughout East Tennessee and Northwest Florida. Based in Chattanooga, TN, Cornerstone Community Bank currently has five branch locations throughout the Chattanooga MSA. Cornerstone Bancshares, Inc. Reports Positive Earnings for Third Quarter of 2014
PR Newswire - Mon Oct 27, 12:08PM CDT
Cornerstone Bancshares, Inc. ("Cornerstone"; OTC Bulletin Board: CSBQ; CSBQP), holding company of Cornerstone Community Bank ("Bank"
, today announced net income of approximately $406,000 for the third quarter of 2014. This marks the fifteenth consecutive quarter of positive earnings for Cornerstone. 
