Cornerstone Home Lending Acquires The Roscoe State Bank

CoastalSouth Bancshares Acquires Cornerstone Bancshares

April 23, 2021

Financial Services

CoastalSouth Bancshares, parent of Coastal States Bank, completed the acquisition of Cornerstone Bancshares, the parent of Cornerstone Bank, expanding Coastal States Bank's presence in the Atlanta metropolitan area. The deal increases CSB's deposit footprint in Atlanta to over $550 million and brings Cornerstone's three Atlanta branches and client base into CSB's community banking platform.

Princeton Bancorp Acquires Cornerstone Financial Corporation

January 18, 2024

Financial Services

Princeton Bancorp, Inc., the parent of The Bank of Princeton, agreed to acquire Cornerstone Financial Corporation, the holding company of Cornerstone Bank, in a stock-and-cash merger valued at approximately $17.9 million. The deal, approved by both boards, will add Cornerstone’s ~ $321 million in assets and six branch locations to Princeton’s footprint in southern New Jersey and is expected to close in mid-2024 pending regulatory and shareholder approvals.

Texas Regional Bank Acquires Estrada Hinojosa & Company, Inc.

August 2, 2024

Financial Services

Texas Regional Bank (via Texas State Bankshares, Inc.) completed its acquisition of Dallas-based Estrada Hinojosa & Company, Inc. on August 2, 2024. Estrada Hinojosa will operate under TRB Capital Markets, LLC (using the assumed name "Estrada Hinojosa"), adding over 50 professionals and expanding TRB's municipal advisory, underwriting, and bond trading capabilities.

ScionHealth Acquires Cornerstone Healthcare Group

May 12, 2022

Healthcare Services

ScionHealth announced a definitive agreement to acquire Cornerstone Healthcare Group, expanding ScionHealth's national network of long-term acute care hospitals, community hospitals, and physician practices. The deal (expected to close in H2 2022 subject to regulatory approvals) excludes Cornerstone Specialty Hospitals Clear Lake and Cornerstone Specialty Hospitals Houston Medical Center.

SouthState Corporation Acquires Independent Bank Group, Inc.

May 20, 2024

Financial Services

SouthState Corporation agreed to acquire McKinney, Texas–based Independent Bank Group, Inc. in an all-stock transaction valued at approximately $2.0 billion (0.60 shares of SouthState per share of Independent Bank Group). The deal, announced May 20, 2024, creates a roughly $65 billion regional bank with expanded presence in the Southeast, Texas and a new footprint in Colorado; the merger closed on January 1, 2025.

Cornerstone Advisors Acquires BankSmart

July 12, 2023

Professional Services

Cornerstone Advisors, a management and technology consultancy for banks, credit unions and fintechs, has acquired BankSmart, a boutique consulting firm specializing in bank operations, vendor selection, project management and payments. Cornerstone said it will integrate BankSmart’s team and its "SmartKits" operational tools into Cornerstone’s product suite to expand services and deliver new products to community-focused financial institutions nationwide.