Minnesota – Le Sueur – Montgomery
(NM) Commercial bank, state charter and Fed nonmember
active
www.cornerstonestatebank.com
Minnesota
Le Sueur
Montgomery
(NM) Commercial bank, state charter and Fed nonmember
active
21525
1974
FDIC Certificate Number: 21525
FDIC's unique number: 14886
The FDIC Field Office where an institution is physically located: Mankato
Federal Reserve ID Number: 914853
Report Date: 2011-06-30
Bank Charter Class: NM
Number of Domestic Offices: 5
Number of Foreign Offices: 0
The date of the last data update: 2010-08-30
1974-04-08 Institution established. Original name: Le Sueur State Bank.
1997-09-15 Changed name to Cornerstone State Bank .
2004-12-31 Changed primary regulatory agency from Federal Reserve Board to Federal Deposit Insurance Corporation.
2004-12-31 Changed institution class to Insured Commercial Banks, State, Not Members Of The Frs.
2008-08-01 Moved bank headquarters from Le Sueur, Minnesota to Montgomery, Minnesota.
Total assets: $117,920,000
Total deposits: $105,957,000
Deposits held in domestic offices: $105,957,000
Equity capital: $11,247,000
Net income: $430,000
Return on Assets: 0.72
Return on Equity: 7.73
Last updated on: 2011-10-20
Bank Holding Company: Cornerstone Bancorporation, Inc.
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Profile ID: LFUS-BAB-P-26663