Company Cornerstone Financial Corporation

CFIC

US21925G2012

Banks

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Sector

Sector Commercial Banks

Market Closed - OTC Markets Other stock markets 17:12:10 22/05/2024 BST			5-day change	1st Jan Change
7.11 ^USD	+0.85%		-.--%	-23.30%

2021	Cornerstone Financial Corporation announced that it has received $13.74 million in funding	CI
2021	Cornerstone Financial Corporation announced that it expects to receive $13.74 million in funding	CI

Cornerstone Financial Corporation is a holding company for Cornerstone Bank (the Bank). The Bank is a state-chartered bank, which offers a variety of traditional commercial banking products and services to small and medium-sized businesses, local professionals and individuals, throughout Burlington, Camden and Gloucester counties in New Jersey. The Bank offers personal banking and business banking services. The personal banking services include checking, savings, CD/IRA, residential mortgage, debit card, mobile banking and online banking. The business banking services include checking, savings, CD'S, business lending, debit card, mobile banking, online banking, remote deposit and cash management services. Its commercial loans include short and long-term loans and commercial lines of credit for the purposes of providing working capital, supporting accounts receivable, purchasing inventory and acquiring fixed assets. Its consumer loans include installment loans and home equity loans.

Number of employees: 71

USD in Million	2020	Weight	2021	Weight	Delta
Traditional Commercial Banking 100.0 %	9	100.0 %	9	100.0 %	+0.15%

USD in Million	2020	Weight	2021	Weight	Delta
United States 100.0 %	9	100.0 %	9	100.0 %	+0.15%

Managers	Title	Age	Since
Gene D'Orazio CEO	Chief Executive Officer	-	-

Members of the board	Title	Age	Since
J. Baiada BRD	Director/Board Member	76	-
Robert Kennedy BRD	Director/Board Member	61	-
Ronald Murphy BRD	Director/Board Member	72	-
Bruce Paparone BRD	Director/Board Member	62	-
Daniel Goldfarb BRD	Director/Board Member	-	31/08/21
Susan Barrett CHM	Chairman	63	16/02/10
Gaetano Giordano BRD	Director/Board Member	69	-
Gene D'Orazio CEO	Chief Executive Officer	-	-
Robert Wagner BRD	Director/Board Member	-	-

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	0	2,191,999	1,543,420 ( 70.41 %)	0	70.41 %

Name	Equities	%	Valuation
The Banc Funds Co LLC (Private Equity) 18.80 %	150,000	18.80 %	1 M $
The Banc Funds Co LLC 18.80 %	150,000	18.80 %	1 M $

Cornerstone Financial Corp. (New Jersey)

6000 Midlantic Drive Suite 120S

08054, Mount Laurel

http://www.cornerstonebank.net

address Cornerstone Financial Corporation(CFIC)

Financials

Banking & Investment Services

Banking Services

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