Cornerstone Bank purchases The Tilden Bank and branches
January 30, 2020
Cornerstone Bank announced Friday that it plans to buy The Tilden Bank and its two branches in Clearwater and Creighton.
Terms of the sale, expected to close in the first quarter of 2021, were not disclosed.
The purchase is subject to shareholder and regulatory approval.
The announcement was made by Rudy Dittrich, chairman; Gary Gunderson, president and chief executive officer of The Tilden Bank; Kelly Holthus, chairman and Kris Holoch, president and CEO of Cornerstone Bank.
"Cornerstone Bank is very pleased to be a part of the Tilden, Clearwater and Creighton communities and to continue...