Fullerton Retires from Cornerstone Bank

Pete Fullerton

After a distinguished career of more than 40 years in banking, Pete Fullerton will retire on March 31, 2021. Fullerton began his banking career in 1980 with Norwest/Wells Fargo, and for the last 10 years he served as President/CEO of Cornerstone Bank. 

Gary Petersen, Chairman of Cornerstone Bank said, “I congratulate Pete and his wife Pat on Pete’s retirement. Pete represents the best of what it means to be a community banker, a leader in the bank and the community, and a devoted family man. The shareholders and board of directors of Cornerstone Bank appreciate his leadership and immense contributions to the success of the bank.”

Fullerton will continue to serve on the Cornerstone Bank Board and will work limited time on special projects for the Bank. 

Jeff Thomas was promoted to President/Chief Executive Officer early last year. Thomas has been working side by side with Fullerton ensuring a smooth transition. 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.

Cornerstone Holding Company, based in North Dakota, is the parent company of Cornerstone Bank. One of North Dakota’s ten largest financial institutions, Cornerstone has 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.