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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NEW BRANCHES

No new branches were opened in the last 12 months...

CLOSED BRANCHES

No branches were closed in the last 6 months...

POPULAR BRANCHES
1516 Cloquet Avenue, Cloquet, MN 55720
415 North Main St, Le Sueur, MN 56058
500 Main Street, Madison Lake, MN 56063
406 East Commerce Drive, Belle Plaine, MN 56011
401 Fourth St Nw, Montgomery, MN 56069
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