Cornerstone Bank history

In 1882, W.A. Sharrar joined forces with other local York businessmen to establish the First National Bank of York.

By 1911, Judge Post helped establish the First Trust Company, an affiliation of the First National Bank.

Ralph Misko served as president following the death of J.R. McCloud in 1957.

Connie’s banking career started at the First National Bank in Montgomery in July, 1966.

Sue’s thirty-eight year banking career began in 1972 with Citizens State Bank in Green Isle.

During this time, Levitt purchased the remaining McCloud stock and served as Chairman of the boards of both First National Bank and First Trust Company until 1976, when he sold First National to Robert V. Jones, C.G. (Kelly) Holthus and Marion Bonham.

Ron Grothe has been a member of the CornerStone State Bank Board of Directors since 1997.

In the midst of the financial crisis in 2008, David gathered a group of local board members together to raise the $9,000,000 in capital and completed the necessary operational and regulatory requirements to establish the Bank.

Since opening in 2009, CornerStone has grown to be the second largest bank in the Rockbridge County, Lexington and Buena Vista market.

Dean Seaver joined the CornerStone State Bank Board of Directors in 2010.

Grist epitomized the essence of a local bank president and served in the role of Founding President and CEO until his death in February of 2014.

Cornerstone Bank was formed in 2017, and was built on the foundation of two local, mutual banks joining together—SpencerBANK and Southbridge Savings Bank.