History
Cornerstone Bank was originally chartered in 1902 under the name “First National Bank of West Union” as a national banking association serving primarily the citizens of Doddridge, Harrison, and Ritchie Counties in the state of West Virginia.
The original Board of Directors of the First National Bank of West Union in 1902 were J.B. Markey, D.P. Stout, A.A. Bee, J.N. Markey, S.P. Smith, Virgil I. Allen, and W.J. Traugh.
Milestones
- 1902 The bank is chartered as the First National Bank of West Union.
- 1933 The bank is reorganized in accordance with the Bank Conservation Act, under the name “First National Bank of West Union.”
- July 18, 2003 Cornerstone Financial Services is formed for the sole purpose of becoming a bank holding company through an exchange of common stock, acquiring all of the stock of the First National Bank of West Union.
- December 31, 2003 The Plan of Share Exchange is consummated at the close of business. Cornerstone Financial Services, Inc. has no subsidiaries other than the First National Bank of West Union.
- December 1, 2006 The First National Bank of West Union is converted from a national bank charter to a West Virginia state charter bank and renamed Cornerstone Bank.
356
years of combined banking experience among Cornerstone Bank employees, serving the financial service needs of our community by offering retail and commercial loans along with deposit service products.