May 26, 2011

FOR MORE INFORMATION CONTACT DAVID GRIST, 540-463-2222
FOR IMMEDIATE RELEASE

Lexington, Virginia ---- CornerStone Bank, N.A. is pleased to announce the appointment of Frank W. Friedman as Vice President, Financial Advisor. In his new role, Friedman will provide customers with a variety of services including:  Retirement Planning (401-ks, IRAs); College Planning (529 plans and Educational IRAs); Life and Long Term Care insurance; and Asset Management (Stocks, Bonds, Mutual Funds, Fee based accounts and Annuities).

Frank is a native of Radford, Virginia.  He was raised in Lexington, Virginia beginning in second grade and graduated from Lexington High School in 1984. He received a Bachelor of Science degree in Managerial Economics from Hampden-Sydney College.  While at the college, he was on the wrestling team, served as treasurer of the Student Government, was a member of the Pi Kappa Alpha fraternity and worked in the college’s Development Office.  After graduating, he began his banking career in 1988 and held positions in Retail, Credit and Private Banking and Investment divisions of major financial institutions in Jacksonville, Florida and Richmond, Virginia before returning to Lexington in 1997 as a financial advisor.  Most recently, Friedman served as a Financial Advisor for Essex Bank of Rockbridge. He holds a Series 7 license along with 6, 65, 24, life and annuities licenses. He has completed training in ethics, information security, and regulatory supervision. 

In addition to his professional experience, Friedman has served as a member of the Lexington City Council, Lexington City School Board, the United Way, and Rockbridge Regional Tourism Board.  He is currently a member of the Kendal Finance Committee, Stonewall Jackson Hospital Foundation and is actively supporting RARO programs.  He and his wife, Debbie have three children and attend Lexington Presbyterian Church.
In making the announcement, David Grist, President and Chief Executive Officer, pointed to Friedman’s experience and integrity as important qualities consistent with CornerStone Bank’s strategy of providing uniquely accessible and personalized service for businesses and individuals.  “We are fortunate to have a proven professional like Frank Friedman to bring  investment and insurance services to CornerStone’s customers,” said Grist. “Frank brings extensive knowledge and shares CornerStone’s vision of providing a new kind of banking to this community,” said Grist.

The investment and insurance services at CornerStone Bank will be offered through Anderson and Strudwick, a full service broker-dealer, Registered Investment Advisor and a member of the Financial Industry National Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

This news release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect”, “intend,” “plan,” and “project,” and other similar words and expressions are forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to varius risks and uncertainties. Anderson Strudwick, Inc., disclaims all obligations to update any forward-looking statements.

Securities and Insurance products are not insured by the Federal Deposit Insurance Company (FDIC) or any Federal Government Agency. They may lose value and are not a deposit of or guaranteed by the bank or any affiliate.

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