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Cornerstone Home Lending Completes Acquisition Of The Roscoe State Bank

PRIVATEOct 03, 2022

Acquiring Company

Cornerstone Capital Bank

Acquired Company

Cornerstone Capital Bank

Financial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

Cornerstone 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.

Quick answer

Cornerstone Capital Bank is acquiring Cornerstone Capital Bank, announced October 3, 2022.

How much did Cornerstone Capital Bank pay for Cornerstone Capital Bank?
The deal value was not disclosed.

Source: Fundz verified event record.

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Company Information

Company

Cornerstone Capital Bank

About

Created by Cornerstone Home Lending's acquisition of and merger with The Roscoe State Bank, Houston-based Cornerstone Capital Bank has a combined operating history dating back to 1906, and includes mortgage banking, commercial banking, and institutional banking divisions. Its nationally recognized mortgage origination team, operating as Cornerstone Home Lending, has assisted families with nearly 500,000 home financing transactions. Cornerstone Capital Bank's residential lending division currently originates mortgage loans in 38 states plus the District of Columbia, and provides full-service, in-house mortgage loan servicing operations which combine a superior record of customer care and industry-leading technologies. The institutional banking division offers deposit and lending services to community banks across the country. Established in 1988, Cornerstone Home Lending has grown to more than 1,800 team members across the country who are guided by a non-negotiable Mission, Vision, and Convictions statement. Cornerstone Home Lending is known for its commitment to on-time delivery of services; its caring, passionate, and experienced team members; a comprehensive array of innovative products and services; certified Fortune Great Place to Work® status with multiple Best WorkplacesTM awards; and recognition as a "Top Workplace" in multiple major markets. The Roscoe State Bank is the oldest bank in Nolan County, Texas, first opening its doors for business on December 6, 1906, and has branch locations in Bastrop, Roscoe, and Sweetwater, Texas. Cornerstone Capital Bank is primarily regulated by the Federal Deposit Insurance Corporation, and the Texas Department of Savings and Mortgage Lending. For more information, please visit www.cornerstonecapital.com, www.houseloan.com, and www.rsb.bank.

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Frequently asked

Who acquired Cornerstone Capital Bank?

Cornerstone Capital Bank was acquired by Cornerstone Capital Bank. The deal was reported on October 3, 2022. Cornerstone Capital Bank is privately held and operates in Financial Services.

When did Cornerstone Capital Bank acquire Cornerstone Capital Bank?

Cornerstone Capital Bank's acquisition of Cornerstone Capital Bank was reported on October 3, 2022. Cornerstone 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Cornerstone Capital Bank do?

It is privately held, operating in Financial Services.

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