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Wednesday, November 25, 2009, 4:27PM ET - U.S. Markets Closed. Dow Up 0.29% Nasdaq Up 0.32%
Cornerstone Bancshares Inc. (CSBQ.OB)At 9:34AM ET: 2.60  Down 0.05 (1.89%)  
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Cornerstone Bancshares Inc.
835 Georgia Avenue
Chattanooga, TN 37402
United States - Map
Phone: 423-385-3000
Fax: 423-385-3100
Web Site: http://www.cscbank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Southeast Banks
Full Time Employees:121

BUSINESS SUMMARY 
Cornerstone Bancshares, Inc. operates as a bank-holding company for Cornerstone Community Bank, which provides financial services. The company offers various deposit accounts, including NOW accounts, money market/savings accounts, time deposits, interest bearing and non-interest bearing accounts, and certificates of deposit. Its loan portfolio includes commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. As of July 31, 2009, it operated five full service branches; and one loan production office in Dalton, Georgia. The company also purchase accounts receivables from small businesses and commercial loan placement on a conduit basis. The company was incorporated in 1983 and is based in Chattanooga, Tennessee.
Key Statistics

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    KEY EXECUTIVES 
     PayExercised
    Mr. Gregory B. Jones , 56
    Chairman of Directors, Chief Exec. Officer, Chief Exec. Officer of Cornerstone Community Bank of Cornerstone Community Bank
    $ 278.00K $ 376.00K
    Mr. Nathaniel Frank Hughes , 50
    Pres, Chief Operating Officer, Principal Financial Officer, Principal Accounting Officer, Treasurer, Director, Pres of Cornerstone Community Bank, Chief Operating Officer of Cornerstone Community Bank of Cornerstone Community Bank
    $ 201.00K $ 0
    Mr. Jerry D. Lee , 47
    Exec. VP, Director, Exec. VP of Cornerstone Community Bank, Sr. Loan Officer of Cornerstone Community Bank of Cornerstone Community Bank
    $ 196.00K $ 0
    Mr. Robert B. Watson ,
    Sr. VP of Cornerstone Community Bank
    $ 175.00K $ 0
    Mr. Daniel W. Nichols ,
    Sr. VP of Cornerstone Community Bank
    $ 117.00K $ 0
    Dollar amounts are as of 31-Dec-06 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.
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