Title Sponsor:

Crowe Horwath

Title Sponsor:

PNC Bank

Cornerstone Bancshares, Inc.

Cornerstone Bancshares, Inc., parent company of Cornerstone Community Bank, is a publicly held, single-bank holding company traded on the Over-The-Counter Bulletin Board (OTCBB), under the ticker symbol CSBQ and CUSIP 218924108 (Common Stock); and ticker symbol CSBQP and CUSIP 218924207 (Preferred Stock) .Since opening its first branch in 1996, Cornerstone Community Bank has become one of the largest locally owned, locally managed community banks in the Chattanooga MSA, with five full-service branch locations.  Our goal is to create the greatest value and highest return on investment for all of our shareholders.  Cornerstone has approximately $430 million in assets.

Presenter - Frank Hughes, President and Chief Executive Officer

Frank Hughes is the president and chief executive officer of Cornerstone Community Bank in Chattanooga, TN, where he oversees all operations and serves as a member of the Bank’s Board of Directors and various committees.  Prior to joining Cornerstone, Hughes was employed at Pioneer Bancshares as the vice president and investment officer from 1994 to 1998. In this position, he managed the Bank’s investment portfolio and ALCO activities. From 1983 to 1991, Hughes worked for American National Bank & Trust (now known as SunTrust) as a senior investment officer.  In this position, he provided investment advice to its banking clients. 

Hughes is a graduate of Baylor High School in Chattanooga and received his bachelor’s of business administration from the University of Kentucky.  He earned a master’s degree in business administration from the Owen Graduate School of Management at Vanderbilt University and graduated from the ABA’s Stonier’s Graduate School of Banking.  Mr. Hughes also retains a CFA certification.  

Hughes is a retired Colonel from the United States Marine Corps, where he served as Battalion Commander of 4th Battalion, 14th Marines and earlier commanded the M Battery, Chattanooga’s local Marine artillery battery.

Mr. Hughes is Past President of the Chattanooga Rotary Club, a Director of the Boy Scouts of America Cherokee Council, and former Director of Arts Build (formerly Allied Arts).  He currently serves on the Board of Directors for United Way and the Chattanooga Neighborhood Enterprise.  In addition, Mr. Hughes actively sponsors exchange students with other Rotary Clubs around the world.   He and his wife have three children and reside in Lookout Mountain, TN.  His interests include competitive bridge, sailing, hiking and watching Kentucky basketball games.


Frank Hughes, Chief Executive Officer

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