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Cornerstone Bank is a community bank tracing its origins to People's State Bank of Parshall, North Dakota, established in 1936. The institution has grown through strategic acquisitions and expansions and remains family-owned with the Petersen family as its largest shareholder. Today it operates as a locally-focused financial institution serving communities across North Dakota and South Dakota.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of March 31, 2026
Median
$801K
Average
$801K
Sweet Spot
$1M-$2M
Industries with highest loan volume
Funeral Homes and Funeral Services
1
loans
$1.1M
avg. amount
Funeral Homes and Funeral Services
Loans
1
Avg. Amount
$1.1M
Fitness and Recreational Sports Centers
1
loans
$523K
avg. amount
Fitness and Recreational Sports Centers
Loans
1
Avg. Amount
$523K
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
Rate distribution data not available
Market comparison data not available
Spread over Prime at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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