Company Research Report: Cornerstone Capital Bank
Company Overview
Name
Cornerstone Capital Bank
Mission of the Company
"We honor God by using our talents to make a positive difference in the lives of our team members, customers, shareholders, communities, and the people who provide services to us."
Founding Details
- When Founded: Formed through the merger in October 2022.
- Founders: Resulting from the merger of Cornerstone Home Lending and Roscoe Bank.
Key People
- Scott Almy: President and Chief Executive Officer
- Adam Laird: Chief Executive Officer - Mortgage Banking
- Mary Couthier: Executive Vice President and Chief Risk Officer
- David Fraser: Executive Vice President and Chief Credit Officer
- Greg Jackson: Executive Vice President and Chief Lending Officer
- Tim White: Executive Vice President and Chief Legal Officer
- Paul Woo: Chief Financial Officer
- Cara Williams: Chief of Compliance
Headquarters
1177 West Loop South, Suite 700, Houston, Texas 77027
Number of Employees
No information is available
Revenue
No information is available
What the Company is Known For
Cornerstone Capital Bank is known for its high-quality banking and home lending services, emphasizing integrity, respect, and convenient services. It is also one of the highest capitalized de novo banks in U.S. history.
Products
Mortgage
Description
Our nationally recognized mortgage lending team has helped nearly 500,000 families with their home-financing needs.
Key Features
- National recognition
- Extensive customer base
Personal Banking
Description
Highly competitive rates on fee-free deposit accounts and highly personalized service.
Key Features
- Competitive rates
- Fee-free deposit accounts
- Personalized service
Commercial Banking
Description
Helping companies grow and flourish with a focus on success.
Key Features
- Support for business growth
- Emphasis on success
Institutional Banking
Description
Serving more than 60 community banks, credit unions, trust companies, and investment firms with asset and liability support.
Key Features
- Asset and liability support
- Service over 60 institutions
Recent Developments
New Appointments
- Paul Woo: Appointed as Chief Financial Officer (August 26, 2024)
- Patrick Ramsier: Appointed as President of Capital Markets – Commercial Real Estate (July 17, 2024)
Leadership Team Expansion
- Added seven senior executives to support continued growth and innovation (July 22, 2024)
Merger Anniversary
- Celebrated one-year anniversary of the merger between Cornerstone Home Lending and Roscoe Bank (October 2, 2023)
Acquisitions
- Acquisition of and merger with Roscoe Bank to form Cornerstone Capital Bank, holding more than $380 million in capital (October 3, 2022)
Recognition and Awards
- ICBA Top Lenders List Nationwide, banks > $1 billion in assets (2023)
- Houston Business Journal Family-Owned Business Award (2023)
- Top Workplace recognitions from San Antonio Express-News and Houston Chronicle (2023)
Financial Performance Indicators
- Assets: Less than 7% of assets are marketable securities.
- Deposits: More than 85% of deposits are fully insured.
- Capital: Existing regulatory capital over $339 million.
- Performance Metrics: A Texas ratio < 1%, and non-interest income as a % of assets in the top quartile of peer banks.
Partnerships
No information is available
Summary
Cornerstone Capital Bank emerged from the merger of Cornerstone Home Lending and Roscoe Bank to become a highly capitalized financial institution, offering diversified banking services. The focus remains on community development, customer satisfaction, and innovative banking solutions, amidst a strong leadership team driving continued growth.
Cornerstone Capital Bank Routing Number: 111326275
© 2024 Cornerstone Capital Bank. Member FDIC. NMLS ID# 2258.
[Visit Cornerstone Capital Bank](https://www.ccb.com)
1177 West Loop South, Suite 700, Houston, Texas 77027