De novo Cornerstone Community Bank opens in Kentucky
Cornerstone Community Bank has opened in Owensboro, Ky.
Organizers raised the $20 million in initial capital that the Federal Deposit Insurance Corp. required when it gave conditional approval in February. The application was submitted in August.
Kyle Aud, a former market president at German American Bank, is CEO.
Jonathan Lawson, a former chairman and president of Bank of Ohio County, which sold to First United Bank in 2016, and Steven Ford, a former director at Cardinal Federal Savings Bank and First Security Bank of Owensboro, are among the directors.