SNJ Business People

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.”
#####
 
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.

  • NexGen Aviation Research Tech Park at Pomona Leading the Way in Modernization of National Airspace System

       The mission of the Next Generation Aviation Research Park (ARTP) is to promote sustained economic growth and job creation throughout New Jersey and the nation by implementing and operating a cooperative, state-of-the-art aviation Research Park that will support the evolution of the Next Generation aviation environment.
       At full build out, the Park will include seven multi-story buildings with a total of over 400,000 square feet of laboratory and research space located on the campus of the FAA William J. Hughes Technical Center which is the nation’s leading air transportation Federal Facility.

    READ MORE
  • SNJBP Datebook: January 2012

      January is not a big month for “don’t miss” events, But it is home to one of, if not “the,” premier events of the year—the State Chamber’s annual “Walk to Washington.”
      The tradition began in 1937 when several of the state's top business executives took a train to Washington to have dinner with New Jersey's congressional delegation. The rest is history. The Walk to Washington obtained its name when participants realized that few sit on the train; they literally walk the train mingling and exchanging business cards the whole way to Washington.

    READ MORE