0001144204-13-052465.txt : 20130926 0001144204-13-052465.hdr.sgml : 20130926 20130926100800 ACCESSION NUMBER: 0001144204-13-052465 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130926 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130926 DATE AS OF CHANGE: 20130926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE BANCSHARES INC CENTRAL INDEX KEY: 0001038773 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 621173944 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30497 FILM NUMBER: 131115864 BUSINESS ADDRESS: STREET 1: 835 GEORGIA AVENUE CITY: CHATTANOOGA STATE: TN ZIP: 37402 BUSINESS PHONE: 423-385-3000 MAIL ADDRESS: STREET 1: 6401 LEE HIGHWAY SUITE 119 CITY: CHATTANOOGA STATE: TN ZIP: 37421 FORMER COMPANY: FORMER CONFORMED NAME: EAST RIDGE BANCSHARES INC DATE OF NAME CHANGE: 19970507 8-K 1 v355847_8k.htm 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

September 26, 2013

(Exact name of registrant as specified in its charter)

Tennessee

000-30497

62-1173944

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

835 Georgia Avenue, Chattanooga, Tennessee		37402
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code

(423) 385-3000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02

Departure of Directors or Certain Officers

On September 26, 2013, the Registrant announced the retirement of Lawrence D. Levine from its Board of Directors, effective as of the September 23, 2013 Board Meeting.

Item 9.01.

Financial Statements and Exhibits.

(c)	Exhibits

99.1	Press release dated September 26, 2013, announcing the retirement of Lawrence D. Levine from the Cornerstone Bancshares, Inc. Board of Directors.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CORNERSTONE BANCSHARES, INC.
	(Registrant)


Date: September 26, 2013
	By:	/s/ Nathaniel F. Hughes
	Nathaniel F. Hughes,
	President and Chief Executive Officer

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Charter Director Lawrence Levine Retires from Cornerstone Bancshares Board

CHATTANOOGA, Tenn – September 26, 2013 -- Cornerstone Bancshares, Inc. (OTC Bulletin Board: CSBQ; CSBQP) today announced the following:

After 18 years of loyal service as a charter board member, Lawrence D. Levine retired from the Cornerstone Bancshares, Inc. Board of Directors on Monday, September 23, 2013. He was honored at a celebration with his family and fellow Board members at Cornerstone’s monthly Board meeting on that same date.

“Lawrence has been a pivotal part of Cornerstone since its beginnings,” said Cornerstone’s Board Chairman Miller Welborn. “We are eternally grateful for his dedication, leadership and faithful service.”

A native of Chattanooga, Levine graduated from The Baylor School in 1947 and the University of Tennessee in Knoxville in 1952. He served in the U.S. Army from 1953-1955. After his discharge with the rank of Sergeant, Levine worked for four years in the retail jewelry business before beginning a career in the insurance industry that spanned 52 years. He retired in 2011 as an independent insurance broker specializing in commercial property and casualty insurance.

In addition to serving on the Cornerstone Bancshares, Inc. and Cornerstone Bancshares Foundation boards, Levine also served on the Baylor School Board of Trustees from 1992-1998 and was Past President of the Arts & Education Council, Insurers of Chattanooga, Insurers of Tennessee, Mizpah Congregation, the National Association for The Craniofacially Handicapped, St. Barnabas Nursing Home and Apartments, and the University of Tennessee Hamilton County Alumni Association. . His honors include being named Tennessee Insurer of the Year in 1970, and Chattanooga Insurer of the Year in 1978. In addition, he is recipient of the Baylor School Distinguished Alumnus Award in 1978, Mizpah Congregation Tree of Life Award in 1990, and Baylor School Volunteer of the Year in 1996.

Levine will continue to serve as an Advisory Director for Cornerstone but says he looks forward to spending more time with his family, including his wife, Anita Siskin Levine; two children, Margaret Levine of Nashville, TN; and Maurice Levine of Columbus, OH; and two grandchildren.

“Cornerstone stands as the strong community bank it is today largely due to Lawrence’s vision and sound guidance through the years,” said Welborn. “We are forever indebted to him for his many contributions.”

Founded in 1996, Cornerstone is a single-bank holding company, with $435 million in assets, serving the Chattanooga, Tennessee MSA, with five full-service branch locations throughout Chattanooga and one loan production office in Dalton, Georgia. Locally owned and locally operated, Cornerstone specializes in providing a comprehensive range of customized financial solutions for businesses and individuals.

Certain of the statements made in this release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of Cornerstone and its management regarding the company’s strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which Cornerstone operates, governmental regulations, the company’s competitive environment, cyclical and seasonal fluctuations in its operating results, and other risks.

Contact:

N. Frank Hughes

President & CEO

423-385-3009