Federal Reserve System Reviews Cornerstone Bancorp's Application to Become Bank Holding Company
March 23, 2025
March 23, 2025
WASHINGTON, March 23 (TNSFR) -- The Federal Reserve System has announced that Cornerstone Bancorp, Inc., based in Houston, Texas, has applied for approval to become a bank holding company. The application, submitted under the Bank Holding Company Act of 1956, seeks to acquire ownership and control of Cornerstone Capital Bank, SSB, also headquartered in Houston. The proposed transaction falls under Regulation Y, which governs the formation and expansion of bank holding companies, as well as merge . . .