Cornerstone Bank Promotes Robbins And Joyner To Key Roles

"Chris and Michelle have been critical to our success over the past several years," Holmes said. "It took a lot of hard work, difficult decisions had to be made, and at times it seemed we were not making as much progress as we would like, but through it all Chris and Michelle kept their heads down and simply got the job done. They are important to Cornerstone Bank and to our future success. Their new positions are well-deserved."

Robbins brings to the role more than two decades of financial services experience, including expertise in lending and credit. A graduate of the University of North Carolina at Chapel Hill and the Louisiana State University Graduate School of Banking, he formerly served as executive vice president and chief credit officer at the little bank in Greenville, North Carolina. Prior to that, he was with RBC Centura (now PNC) in Rocky Mount, and worked with both BB&T and Southern Bank & Trust Company. 

On serving as CEO and on the board of directors, Robbins said, "I am pleased to have been asked to serve in this role and will serve our customers, shareholders and this community to the best of my ability. We have come a long way over the past several years to becoming the community bank Wilson needs and deserves. We believe there are good times ahead as we continue to set ourselves apart in this community."

Holmes will continue as president and has taken on the role of chief financial officer following the recent loss of Dora Kicklighter who had served in that position for 17 years. "Dora is missed," Holmes shared, "Both personally and professionally. Since accounting is my background, taking on these responsibilities as Chris becomes CEO, plays to our respective strengths."

Joyner, a Wilson native, has fifteen years of industry experience. She received her bachelor's degree in financial management from Bob Jones University in Greenville, South Carolina. She and her family live in Wilson.

"I am pleased to serve Cornerstone Bank as chief operations officer and controller," said Joyner. "And, I am excited to be a part of the team that will continue to move Cornerstone forward here in Wilson, a place that is very special to me."   

Cornerstone opened its doors in 2000 to serve the community banking needs of the City of Wilson, Wilson County, and the surrounding area. Cornerstone operates from a main office location at 3710 Nash Street North in Wilson.

OTC-QB: CBFA

thecornerstonebank.com

The information as of and for the year ended December 31, 2016, as presented, is unaudited. This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of our goals and expectations with respect to earnings, earnings per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "projects," "outlook" or similar expressions. The actual results might differ materially from those projected in the forward-looking statements for various reasons, including, but not limited to, our ability to manage growth, changes in financial markets, regulatory changes, changes in interest rates, loss of deposits and loan demand to other savings and financial institutions, and changes in real estate values and the real estate market. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's SEC filings, including its periodic reports under the Securities Exchange Act of 1934, as amended, copies of which are available upon request from the Company.

SOURCE CB Financial Corporation

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