Apr 10, 2019
Kristie Holoch’s bank is not just in the business of serving farmers, families and small businesses in the 33 Nebraska towns where it has branches — it also serves its fellow Nebraska community banks. With $1.7 billion in assets, Cornerstone Bank offers a correspondent banking division, a data center to handle core processing for two dozen smaller banks, loan participations that enhance the balance sheet of small community banks — and even an armored car service.
On the latest episode of the ABA Banking Journal Podcast, Holoch discusses how Cornerstone Bank also partners with community banks through its acquisition strategy, providing investors and management at small-town Nebraska banks with an exit opportunity that keeps the bank in the hands of a Nebraska bank focused on small towns. She also discusses Cornerstone’s commitment to keep every employee after an acquisition and how the family-owned bank plans to adapt its acquisition strategy as it continues to grow.
Holoch also talks about the Nebraska Bankers Association’s response to the disastrous flooding, as well as the bank’s diversified business model, which complements traditional bank offerings with insurance, trust services and farm management.