
CORNERSTONE BANK -- CONSTRUCTION OF NEW BRANCH
12/08/07
MOORESTOWN, N.J. - Cornerstone Bank expects high growth in the next few years, but the eight-year-old institution plans to start in its hometown.
Along with the town’s elected officials, Cornerstone CEO George Matteo and Moorestown Mayor Kevin Aberant broke ground on the new Main Street location on Oct. 26, at the corner of King’s Highway and Union Street.
“We planned the new branch with our customers in mind,” said Cornerstone CEO George Matteo. “Cornerstone Bank aims to be a convenient resource to both Moorestown individuals and businesses,” he said.
The growing bank plans to establish blue and gold standards of convenience by adding several new branches in the coming years. For now, Cornerstone’s new location will give the company more visibility.
In turn, Moorestown clientele enjoys more accessibility than the easy-to-miss Route 38 location off Pleasant Valley Road.
“As a Moorestown resident myself, I believe I speak for others when I say that I value a business that practices good citizenship and civic responsibility,” said Matteo. “Our new home brings us closer to our customers and will help us serve them even better.”
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Headquartered in Moorestown, Cornerstone Bank is a New Jersey state chartered commercial bank specializing in commercial real estate and commercial lending to small businesses. The Bank opened its doors in 1999, growing its initial equity capital of $7.7 million to over $171.5 million in assets. Cornerstone Bank common stock is quoted on the OTC Bulletin Board under the symbol, “CBKJ.” The locally owned and managed bank currently operates five branches—Burlington City, Cherry Hill, Medford, Moorestown and Voorhees.
















