New executives to lead growth in mortgage and banking sectors
Cornerstone Capital Bank, formed through the 2022 merger of Cornerstone Home Lending and The Roscoe State Bank, has expanded its leadership team with seven key hires.
Patrick Ramsier has joined as president of capital markets CRE, bringing over 35 years of commercial real estate finance experience. Ramsier previously built successful on-book commercial real estate platforms at LegacyTexas Bank and Southside Bank, managing multi-billion-dollar portfolios.
Mike Iorio has been appointed senior vice president of strategic partnerships, focusing on expanding Cornerstone’s homebuilder partnership business. Iorio has over 25 years of banking and mortgage experience, with executive roles at NewRez, Wells Fargo, CMG Financial, Citywide Home Loans, and Stearns Lending.
Noah Elrod is now senior vice president and director of Treasury services, set to launch Cornerstone’s new corporate treasury sales and advisory business in Q4 2024. Elrod previously held similar positions at American National Bank & Trust, Independent Financial, and Wells Fargo.
Dana Abernathy joined as vice president of loan servicing business development, with a focus on expanding the company’s mortgage loan servicing operations. Abernathy has 35 years of industry experience, previously working at Computershare Loan Services, National MI, and PMI Mortgage Insurance Company.
Cara Williams has been named senior vice president and chief compliance officer. Williams brings over 20 years of experience from Wells Fargo and First Citizens Bank, and recently served as a principal with Spinnaker Consulting Group.
Gina Darcy has joined as senior vice president and managing director of project management and risk reporting. Darcy has over 20 years of experience, with senior roles at Bank of the West, Wells Fargo, and JPMorgan Chase.
Thu-Lynn “TL” Nguyen has been appointed vice president of marketing, responsible for expanding Cornerstone’s market and brand presence. Nguyen previously held marketing leadership roles at InterLinc Mortgage, NRL Mortgage, and Envoy Mortgage.
Read next: Cornerstone Capital Bank enters commercial real estate market
“Cornerstone’s strength starts with our caring, experienced team members and our award-winning culture,” Cornerstone president and CEO Scott Almy said in a media release. “By investing in talented leaders to augment our existing top-tier teams, we are positioning Cornerstone for further growth and innovation across multiple lines of business.”
Since its merger less than two years ago, Cornerstone reported it has grown its assets by 25%, doubled its funding sources, and raised over $1 billion in deposits. The bank said it has maintained strong asset quality and decreased its funding costs by over 300 basis points since 2022.
“With the backing of our fortress-like capital position, we’ve successfully launched or grown an industry-leading in-house mortgage loan servicing platform, new mortgage partnerships and mortgage portfolio programs, consumer digital deposits, and commercial lending,” Almy added. “We’re excited to extend that growth into treasury sales and service later this year. We consider these achievements a great start toward realizing our unique opportunities and reaching our goal of serving more than one million families, businesses and institutions nationally.”
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