Jeff Thomas has been named President/Chief Executive Officer at Cornerstone Bank. Thomas will work side by side with current President/Chief Executive Officer Pete Fullerton until his retirement at the end of March 2021. Thomas joined Cornerstone Bank in 2014 as a SVP/Business Banking Manager and was later named the Market President of the Fargo Market. Over his career, Thomas has served in a variety of roles giving him an expansive knowledge base about the banking industry.
When asked about his new role Thomas said, “I look forward to continuing to provide our tradition of community banking to our customers and I am excited for what the future holds for this organization.”
Thomas is an active member in the Fargo community currently serving on the boards of the YMCA, Resonate, and the FMWF Chamber’s Flood Task Force and Military Affairs Committees. In the past Thomas has served on the boards of the United Way of Cass-Clay, FMWF Chamber, and Special Olympics North Dakota.
“Jeff is a strong leader whose talents go far beyond his significant banking expertise,” says Gary Petersen, Chairman, Cornerstone Bank. “He is a great mentor and role model to those around him by exemplifying Cornerstone Bank’s mission, vision and values.”
Cornerstone Bank’s retiring President/Chief Executive Officer, Pete Fullerton joined Cornerstone Bank in 2011.
“I am honored to have lead this organization and been a part of its success,” said Fullerton. “I am extremely proud of the team and the organization. I have known and worked with Jeff for over 20 years. He is an outstanding leader and I am certain that he will be the catalyst to propel this organization to the next level.”
Cornerstone Holding Company, based in North Dakota, is the parent company of Cornerstone Bank. One of North Dakota’s ten largest financial institutions, Cornerstone Holding Company is a $1 billion financial institution with 11 locations in North and South Dakota. Cornerstone Bank provides an expansive product offering while staying true to their mission of providing access to financial experts who give straight answers and the best possible financial options. Cornerstone’s offerings include business and personal loans, deposits and cash management services, online and mobile banking.