Industry veteran joins bank to lead commercial real estate push
Cornerstone Capital Bank has announced its expansion into the commercial real estate arena.
The move follows the bank’s formation through the merger of Cornerstone Home Lending and The Roscoe State Bank in 2022. The merger resulted in a financial powerhouse with over $380 million in regulatory capital and more than $1.5 billion in assets, making Cornerstone the highest-capitalized new bank in Texas at the time.
The combined company operates in three business segments: mortgage lending and servicing, commercial and retail banking, and institutional banking.
In its news release, Cornerstone said its entry into the commercial real estate market comes with no existing exposure to office, retail, or multifamily commercial real estate, but it has the necessary capital, liquidity, systems, and talent to capitalize on evolving market conditions.
While the bank continues its residential mortgage operations under the “Cornerstone Home Lending” brand, it uses the “Roscoe” name in Nolan County and Bastrop County, and “Cornerstone Capital Bank” in metropolitan Texas and digital markets.
Read more: Cornerstone Home Lending strikes bank merger deal
In a strategic move to strengthen its commercial real estate unit, Cornerstone has appointed Patrick Ramsier as president of capital markets commercial real estate.
Ramsier brings nearly 40 years of experience to the role and will lead the bank’s capital markets commercial real estate activities. Throughout his career, he has built multiple commercial real estate platforms, originated over $6 billion in loans, and managed multi-billion-dollar CRE portfolios.
“I am excited to lead Cornerstone’s capital markets CRE platform,” Ramsier said. “The bank’s robust balance sheet is well-positioned to capitalize on the forthcoming CRE partnership opportunities.”
Ramsier previously spent more than two decades at ViewPoint Bank, where he served as senior vice president and chief commercial real estate officer, and as managing director.
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