Cornerstone Bank purchases The Tilden Bank
January 23, 2020
TILDEN – Rudy Dittrich, chairman; Gary Gunderson, president and CEO of The Tilden Bank; Kelly Holthus, chairman and Kris Holoch, president and CEO of Cornerstone Bank, announced on Friday, Jan. 24, an agreement has been reached for Cornerstone Bank to purchase The Tilden Bank and their two branches in Clearwater and Creighton, Nebraska.
As of Sept. 30, 2019, The Tilden Bank had total assets of $84 million, total deposits of $73 million and total loans of $60 million. The purchase is subject to shareholder and regulatory approval with a closing date expected in the first quarter of 2021....