Jeffrey P. Finck will assume the position of executive chairman of Cornerstone Community Bancorp and Matthew B. Moseley will assume the position of president and CEO and be appointed a director, effective July 1, 2022.
Cornerstone Community Bancorp is a bank holding company headquartered in Red Bluff, CA, that operates through its wholly-owned subsidiary, Cornerstone Community Bank.
Finck has served as the bank’s president, CEO and director since 2008. Additionally, Finck has served as president, CEO and director of Cornerstone Community Bancorp since the formation of the holding company in 2015. During Finck’s tenure, the bank has grown in total assets of approximately $500 million to more than $560 million.
“The bank has experienced significant growth in assets and profitability under Jeff’s leadership,” Les Melburg, board chairman for Cornerstone Community Bancorp, said. “The bank was ranked as the No. 1 performing bank in the State of California through the third quarter 2021 by the Financial Management Consulting Group and was recognized by CB Resources, Inc. in the top 5% for all banks nationally with assets of $500 to $999 million.”
Moseley joined the Cornerstone Community Bank in August 2011 as a senior vice president and credit administrator and previously served as the bank’s executive vice president, chief lending officer and chief banking officer. Since 2019, he has held the position of executive vice president and chief credit officer.
“Matt is a proven bank executive with strong industry knowledge and deep community ties,” Finck said. “I know his talents and dedication to Cornerstone will continue to move the bank forward for the benefit of shareholders, employees, bank customers and the communities we serve.”
