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Article Excerpt
Cornerstone Community Bank (OTCBB:CRSB) announced its financial results for the second quarter ended June 30, 2009.
The Bank reported a net loss of $(21,000), or $(0.02) per diluted share, for the three months ended June 30, 2009 compared to a net loss of $(250,000), or $(0.21) per diluted share, for the same period last year. The net loss for the six months ended June 30, 2009 was $(63,000), or $(0.05) per diluted share compared to a net loss of $(541,000), or $(0.45) per diluted share, for the first six months of 2008.
President and CEO Jeffrey Finck stated, "We are continuing to make significant progress in reducing expenses and increasing revenues. The Bank is ahead of expectations for the first six months of 2009 and...
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