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    Cornerstone Bancshares Inc. (CSBQ)

    -Other OTC
    3.70 Up 0.10(2.78%) May 22, 12:28PM EDT
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    Cornerstone Bancshares Inc.
    835 Georgia Avenue
    Chattanooga, TN 37402
    United States - Map
    Phone: 423-385-3000
    Website: http://www.cscbank.com

    Index Membership:N/A
    Industry:Regional - Southeast Banks
    Full Time Employees:104

    Business Summary 

    Cornerstone Bancshares, Inc. operates as the bank holding company for Cornerstone Community Bank that provides various commercial banking services. The company’s deposit products include demand deposits, time deposits, savings accounts, money market accounts, and certificates of deposit. Its loan portfolio comprises commercial real estate-mortgage loans, which include owner-occupied and other commercial real estate loans; consumer real estate-mortgage loans, such as loans secured by 1-4 family and multifamily residential properties; construction and land development loans; commercial and industrial loans to finance working capital needs, equipment purchases, or expansion projects; and consumer loans, including direct consumer installment loans, overdrafts and other revolving credit loans, and educational loans. The company is also involved in the purchase of accounts receivables from small businesses and commercial loan placement. As of July 22, 2014, it operated five full-service banking offices located in Hamilton County, Tennessee; and one loan production office located in Dalton, Georgia. The company was formerly known as East Ridge Bancshares, Inc. Cornerstone Bancshares, Inc. was incorporated in 1983 and is based in Chattanooga, Tennessee.

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    Key Executives 
    Mr. Nathaniel Frank Hughes , 56
    Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Cornerstone Community Bank, Pres of Cornerstone Community Bank and Director of Cornerstone Community Bank
    Mr. Gary W. Petty Jr., 40
    Chief Financial Officer, Principal Accounting Officer, Exec. VP, Chief Operating Officer of Cornerstone Community Bank and Exec. VP of Cornerstone Community Bank
    Mr. Robert B. Watson , 58
    Exec. VP, Sr. Loan Officer, Exec. VP of Cornerstone Community Bank and Sr. Loan Officer of Cornerstone Community Bank
    Mr. James Robert Vercoe Jr., 62
    Chief Credit Officer and Exec. VP
    Mr. John H. Coxwell Sr.,
    Sr. Exec. Officer and Sr. Exec. VP of Cornerstone Community Bank
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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