CORNERSTONE STATE BANK HISTORY
- Bank Name:Cornerstone State Bank
- Bank Class:Federal Reserve Non-member Bank
- Member FDIC:Certificate #21525
- Locations:7 Branches in Minnesota
Cornerstone State Bank was founded on April 8, 1974 and has been serving the financial needs of their customers for over 49 years.
Cornerstone State Bank currently operates with 7 branches located in Minnesota as a subsidiary of Cornerstone Bancorporation, Inc.. Check below for important events in banks history.
IMPORTANT EVENTS IN BANKS HISTORY
Below is a list of some important events in the history of Cornerstone State Bank, including mergers and acquisitions.
DATEEVENT
04-08-1974Institution established. Original name: Le Sueur State Bank.
09-15-1997Changed Institution Name to Cornerstone State Bank.
06-01-2000Main Office moved to 415 N. Main, Le Sueur, MN 56058.
12-31-2004Institution withdraws from membership in the Federal Reserve System.
12-31-2004Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).
12-31-2004Changed Primary Federal Regulatory Agency to Fdic.
08-01-2008Main Office moved to 221 First Street South, Montgomery, MN 56069.
11-16-2009Main Office moved to 401 Fourth St Nw, Montgomery, MN 56069.
03-11-2016Acquired Peoples State Bank of Madison Lake (1923) in Madison Lake, MN.
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