WILSON — Cornerstone Bank has named Shane Parker as Chief Lending Officer.
Parker, 35, brings experience as a loan officer from several southern banks, most recently Paragon Bank in Raleigh. His work at Paragon will mirror some of his duties now at Cornerstone — managing the quality of the loan portfolio, working with underperforming loans, helping sell bank owned real estate, serving as a liaison with regulators, and adding income through stronger loan programs, products and services.
He performed similar work at Compass Bank, BancorpSouth, and First American Bank, all in Huntsville, AL. He graduated with a degree in finance from Middle Tennessee State University, and then pursued a Masters degree in finance at the University of Alabama. During a recent break from banking, he served as a bank examiner for the FDIC.
“Shane’s background is a very good fit for our Bank,” Cornerstone president Norm Osborn said. “We sought a young, aggressive lending officer who fully understands our position as we eliminate the remaining underperforming loans of the Bank and help provide leadership in helping us boost profits. His work in turning around the loan portfolio for Paragon was outstanding, and he has a keen eye for opportunities to grow our loans in Wilson. As a Bank we have turned the corner on the difficulties of the past years of recession, and we are in a position to grow the Bank. We will rely heavily on Shane’s experience. We already can see that he works quickly, efficiently and effectively, and he is eager to reshape our lending operations.”
Parker described himself as a bit of a bull in a China store, moving at an accelerated pace sometimes atypical of banks. He said he has always tried to complete a full day, as evidenced by his ability to finish a four-year college program in two years.
“This is an interesting Bank with a very bright future,” Parker said of Cornerstone. “We serve the Wilson area extremely well, and I think we will have some lending opportunities in an expanded area. Loans have always been the source of profits in this business — this part of banking has never changed through the years. Our job is to open the window for good loans and make the process quick and easy.”
Shane’s family includes his wife and three children, and plans to move from Raleigh to Wilson. “The dynamics of a smaller town are always different, but we look forward to the change,” Parker said. “I have lived in New York City, working on retail leasing and construction, I’ve lived in medium-sized cities like Birmingham, Huntsville and Raleigh, and I’ve lived in small towns like Fayetteville, TN, where I went to high school. We look forward to settling in Wilson.”
Cornerstone Bank is ending the first quarter of 2014 with the highest profits in five years, and ready to ignite additional lending possibilities.
Cornerstone opened in March 2000, and remains the largest community bank in Wilson.