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
|