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Home > Company Index > Banking > Banking - Northeast > Cornerstone Bancorp, Inc.

Cornerstone Bancorp, Inc.
AMEX: CBN
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 PROFILE
Through community-oriented banking, Cornerstone Bancorp (the holding company for Cornerstone Bank) builds its customer base in the Connecticut towns of Stamford, Greenwich, Darien, New Canaan, and Norwalk. The bank has more than five banking offices, which target individuals and local business customers. Cornerstone Bank offers such standard retail services as checking, savings, NOW, and money market accounts, and certificates of deposit. Residential mortgage loans make up 45% of Cornerstone Bank's loan portfolio, which also includes commercial real estate, construction, commercial, and consumer loans.

 COMPETITION
FleetBoston Financial Corporation (FBF)
Patriot National Bancorp, Inc. (PNBK)
Webster Financial Corporation (WBST)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 12.10
1-Yr. Sales Growth: 13.1%
Employees: 58
Revenue per employee: $208,620.69

 KEY PEOPLE
• Merrill J. Forgotson
    CEO
• Leigh A. Hardisty
    CFO

 CONTACT INFO
550 Summer St.
Stamford, CT 06901
US
Phone: 203-356-0111
Fax: 203-348-3576
Online: Web Site

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