Cornerstone Community Bank Opens New Branch in Ooltewah

Chattanooga, Tenn (Aug. 10, 2004) – Cornerstone Community Bank is laying down the welcome mat for the Ooltewah community with the opening of its new branch location located on Old Lee Highway near I-75 at Exit 11. Cornerstone is now able to better serve its customers and small businesses in East Hamilton County with this new branch.“Cornerstone Community Bank is proud to be part of this community, and we look forward to meeting our new neighbors during the Grand Opening on Aug. 11-13,” said Doug Hightshue. “We invite everyone to come out and visit with our friendly staff to experience why Cornerstone is known for their personalized services for the community and small businesses.”

As part of its Grand Opening event, Cornerstone Community Bank will be holding various promotions and activities each day. The event will conclude with the drawing for a trip for four to Walt Disney World® (approx. $3,000 value) or one of three other great prizes valued at $500 each. The drawing will be conducted at 5:30 p.m. on Friday, Aug. 13.

Cornerstone Community Bank is a locally owned and operated bank that offers the flexibility, resources and expertise to back small and medium-sized businesses. In addition to its business offerings, Cornerstone Community Bank also provides a wide range of retail banking solutions that are tailored for the individual client.

Cornerstone Community Bank is the fourth largest independent bank in the Chattanooga MSA and the second largest in Hamilton County. Cornerstone continues to see tremendous growth with a record setting year where earning increased 77 percent with more than $200 million in total assets and a net income of more than $1.8 million. This success has continued in 2004 as Cornerstone posted a successful second quarter as earnings surged to $623,000 ($1.145 million year to date).