UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)
  December 10, 2008
 
CORNERSTONE BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
 
Tennessee
000-30497
62-1175427
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
 
5319 Highway 153, Chattanooga, Tennessee
37343
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code
(423) 385-3000
    
    
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02.                      Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On November 17, 2008 David Fussell was elected to the Board of Directors of Cornerstone Bancshares and Cornerstone Community Bank a wholly owned subsidiary; Mr. Fussell has broad experience and civic ties to the Chattanooga market

The size of the non management Board will be increased from eight to nine.





 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



 
CORNERSTONE BANCSHARES, INC.
 
(Registrant)
     
     
Date December 10, 2008
   
 
By:
/s/ Nathaniel F. Hughes
   
Nathaniel F. Hughes,
   
President and Treasurer


Cornerstone Bancshares, Inc. Appoints David Fussell to Board of Directors

Wednesday , December 10, 2008 8:00 PM
- PR Newswire
 
Chattanooga, Tenn., December 10, 2008 /PRNewswire-FirstCall via COMTEX/ -- Cornerstone Bancshares, Inc. (OTC Bulletin Board: CSBQ) today announced the following:
 
 

 
Cornerstone Bancshares, Inc., holding company for Cornerstone Community Bank and Eagle Financial Inc., announced the appointment of David Fussell to its Board of Directors.

Fussell retired from the Unum Group (formerly Provident Life) on June 30, 2008, after a 42-year career with the Chattanooga-based insurance firm, where he most recently was in charge of investment management.  In this capacity, as Chief Investment Officer, he directed 37 employees in the Investment Department and actively managed, in conjunction with his senior staff, the company's $40 billion portfolio.

He and his wife, Sharon, live on Lookout Mountain, Georgia, and have four grown children and two grandchildren.  Fussell serves on the boards of the Boys & Girls Club of Chattanooga, the UC Foundation and the UTC Alumni Association.  In addition, he serves on the City Council of Lookout Mountain, Georgia, is President of the Fairyland Club and is a Deacon at First Presbyterian Church.
 
A life-long resident of Chattanooga, Fussell received his B.S. in business administration in 1969 from the University of Chattanooga.  In 1975, he received his Chartered Financial Analyst designation.

 Cornerstone Bancshares, Inc. is a one-bank holding company with $450 million in assets which serves the Chattanooga, Tennessee MSA with 5 branches.  It also has loan production offices in Dalton, Georgia and Knoxville, Tennessee.  The company specializes in business financial services.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which contains a safe harbor for forward-looking statements.  The Company relies on this safe harbor in making such disclosures.  The statements are based on management's current beliefs and assumptions about expectations, estimates, strategies and projections.  These statements are not guarantees of future performance or results and involve risks, uncertainties and assumptions that are difficult to predict.  Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.

Media Contact:
Frank Hughes, President & COO of Cornerstone Bancshares, Inc.
 
Phone number:  423-385-3009