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Bollingberg Joins Cornerstone Bank Board

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Karl Bollingberg has joined the Cornerstone Bank Corporate Board of Directors bringing extensive knowledge from 36 years in banking.

“I am pleased to welcome Bollingberg to our Corporate Board of Directors,” says Chairman Gary Petersen. “Karl is a great addition to our organization with his broad experience and immense value.”

Recently retired from Alerus Financial, Bollingberg has worked in a variety of roles including Loan Participation Advisor, Director of Lending, Director of Banking Services, Market Manager, and Director of New Business Development. He is an elected member and Vice Chairman of the Federal Home Loan Bank of Des Moines representing stockholders in the state on North Dakota. Bollingberg also serves as Chairman for the Bank of North Dakota Advisory Board and is the past Chairman for the Grand Forks Regional Economic Development Corporation. He has been active in numerous other civic organizations and has taken part in church mission trips to Honduras.

“I am very excited to join the Cornerstone Bank Corporate Board,” says Bollingberg. “Cornerstone has a long history of being a strong community bank and has so much potential going forward.”

A native of North Dakota, Bollingberg graduated from North Dakota State University with a degree in agricultural economics and subsequently completed the graduate school of banking. Bollingberg currently lives in Grand Forks with his wife, Twila. They have three grown children.

Cornerstone Holding Company, based in North Dakota, is the parent company of Cornerstone Bank. One of North Dakota’s ten largest financial institutions, Cornerstone Holding Company is a $1 billion financial institution with 11 locations in North and South Dakota. Cornerstone Bank provides an expansive product offering while staying true to their mission of providing access to financial experts who give straight answers and the best possible financial options. Cornerstone’s offerings include business and personal loans, deposits and cash management services, online and mobile banking.

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