![]() ![]() Increasing engagement and product expansion to more than 500,000 U.S. ![]() This transaction will allow us to better serve existing customers and provide a platform for future growth and diversification.”Ĭornerstone expects to realize compelling strategic and financial benefits from the transaction, including: Jay added, “We’re thrilled to team up with Cornerstone, combining two family-owned organizations with a long history of serving the needs of others. Roscoe’s Chairman and Chief Executive Officer John W. “We will create a category-defining experience that will strengthen our existing businesses and reinforce our mission of providing a positive difference in the lives of others.” “This exciting transaction allows us to provide more comprehensive financial services to our customers nationwide,” said Marc Laird, Founder, Chairman, and CEO of Cornerstone. Cornerstone Capital Bank will operate in three business segments: mortgage lending and servicing, commercial and retail banking, and institutional banking. Its formation creates the highest initially capitalized new bank in Texas history. The merger results in the formation of Cornerstone Capital Bank (the “Company”), which will hold more than $380 million in regulatory capital and greater than $1.5 billion in assets. HOUSTON, OctoCornerstone Home Lending, one of the nation’s premier independent residential mortgage companies, today announced the completion of its previously announced acquisition of and merger with The Roscoe State Bank of Roscoe, Texas. Paired with our service-oriented model and amazing team members ready to go all in for you makes us more excited than ever to be your go-to lender – and now your go-to bank. The positioning of Cornerstone Home Lending has never been better. That means our clients get the best service from prequalification to well beyond closing day.
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