WILCOX–Effective Friday, July 15th , the Wilcox Branch of the Iowa-Nebraska State Bank was merged into Cornerstone Bank.
Mike Soneson will serve as Vice President and Manager of the Wilcox Branch. Mike is a native of the Holdrege area, and graduated from Holdrege High School and the University of Nebraska with a B.S. Degree in Agronomy. He has farmed and also worked as a Loan Officer at the First National Bank of Holdrege for nine years. Mike and his wife, Marcia, have four grown children and nine grandchildren.
In addition to the purchase of the bank, Cornerstone also purchased the Iowa-Nebraska State Bank Insurance Agency at Wilcox. This agency will continue to be managed by Stephanie Harms.
Kelly Holthus, Chairman of the Board of Cornerstone Bank, stated that he felt the bank in Wilcox would be a very good fit for Cornerstone, as the customer base and services offered are similar to what Cornerstone is doing in several communities in east-central Nebraska.
With this addition, Cornerstone has 38 banking facilities in 29 communities and 15 insurance agencies in the 15 county area that it serves. Cornerstone Bank has $1.5 billion in total assets and is a wholly owned subsidiary of First York Ban Corp.