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Cornerstone Bank closes State Bank of Hildreth deal

York, Neb.-based CornerstoneBank completed its acquisitionof Hildreth, Neb.-based State Bankof Hildreth, effective Sept. 30.

The bank appointed Matt Mundorf vice president and manager ofthe Hildreth Branch, with the entire staff of the former State Bank of Hildrethto continue with Cornerstone, according to a news release.

Following the transaction,Cornerstone Bank has 39 banking facilities and 15 insurance agencies.

Cornerstone Bank is a unit of First York Ban Corp. and State Bank of Hildreth is a subsidiaryof Hildreth State Co. Inc.