Veteran banker Mark A. Holmes has been named president and CEO of Wilson-based Cornerstone Bank and its corporate parent, CB Financial.
Holmes was president and CEO of Select Bank and Trust, which was based in Greenville and has six branches, for nine years. Select Bank was acquired in July by New Century Bank of Dunn.
Cornerstone opened in 2000 and has a single branch in Wilson. It has $115 million in assets.
Holmes succeeds Norm Osborn, who was ousted by the bank’s board of directors in June, according to The Wilson Times. Osborn had led the bank from its inception.
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Holmes is a native of Elizabeth City and a graduate of East Carolina University.
“Mark is the right leader for Cornerstone,” John Anthony, the bank’s chairman, said in a statement. “Just as many other banks experienced, we had difficult times during and in the aftermath of the great recession. We’ve made progress and now we are ready to get back on track toward our goal of being the premier community bank that Wilson deserves.”