CornerStone Bank, the only locally owned and managed bank in the Lexington/Buena Vista/ Rockbridge County market, announced that its board of directors approved an 80-cents-per-share, one-time dividend effective Oct. 1, to be issued to all shareholders of record as of Oct. 31, 2025, payable Dec. 5, 2025.
CornerStone, the second largest bank in the market with assets of over $224,764,352 as of Aug. 31, 2025, has issued six previous cash dividends and one stock dividend during its 16-year history.
“Given the slowing global economy, coupled with a divergent economic landscape, I am particularly proud that CornerStone has been able to achieve this level of profitability in 2025,” said J. Steven Grist, president and CEO. “Issuing this dividend under these circumstances is further evidence of CornerStone’s ability to build trusted customer relationships as well as manage our balance sheet,” he continued.
“I am grateful to our shareholders, our board of directors, our customers, our employees and this community for their steadfast work for and support of CornerStone,” Grist added. “Going forward, we will continue to create value for our shareholders, maintain our operational and financial performance, and above all deliver outstanding CornerStone CARES service to our customers.”
Headquartered in Lexington, CornerStone Bank consistently receives the highest ratings by Bauer Financial, the nation’s leading independent bank research firm. CornerStone currently has 38 employees and three branches.
The amount and declaration of future cash dividends are subject to discretion and approval by the board of directors and will depend upon several factors, including future earnings, financial condition, cash requirements and general business conditions.
