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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 June 30, 2025
Last 12 Months
Last 3 Years
YoY Growth
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As Of June 30, 2025
Median
$1.1M
Average
$883K
Industries with highest loan volume
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All rates shown as spread over Prime Rate
This Lender
Market Average
As Of June 30, 2025 - 10-year default rate indicates underwriting quality
10-Year Default Rate
0.0%
Bottom 10% of Lenders (Highest Default Rate)
Performance Ranking
100th
Lower is better among all lenders
As Of June 30, 2025 - States by loan volume (darker blue = higher volume)
