{"id":188779,"date":"2026-03-03T19:05:06","date_gmt":"2026-03-03T19:05:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/188779\/"},"modified":"2026-03-03T19:05:06","modified_gmt":"2026-03-03T19:05:06","slug":"cornerstone-capital-bank-acquires-peoples-bank-of-lubbock","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/188779\/","title":{"rendered":"Cornerstone Capital Bank acquires People\u2019s Bank of Lubbock"},"content":{"rendered":"

Cornerstone Capital Bank, based in Houston, completed its acquisition of Peoples Bank of Lubbock, Texas.<\/p>\n

\"\"<\/p>\n

\u00a9 Shutterstock<\/p>\n

All acquired branches remain open as Peoples Bank, a division of Cornerstone Capital Bank.<\/p>\n

\u201cThis marks a major step forward for Cornerstone,\u201d Scott Almy, president and CEO of Cornerstone, said. \u201cPeoples Bank brings the same passion for relationship-driven banking and mortgage origination, empowered local decision-making, and long-term community investment that defines our culture.\u201d<\/p>\n

The combined organization now holds more than $3.4 billion in assets. Cornerstone operates 16 full-service banking locations across major Texas markets and more than 150 mortgage offices nationwide.<\/p>\n

\u201cTogether, we\u2019re building a more powerful platform\u2014strengthening our funding, expanding our capabilities, and unlocking meaningful, sustainable growth opportunities for each of our lines of business. We look forward to expanding our banking, retail mortgage, mortgage joint venture, homeowners insurance and loan servicing platforms across additional Texas markets,\u201d Almy said.<\/p>\n

Larry Allen, the former chairman and CEO of Peoples Bank, has joined the boards of Cornerstone Capital Bancorp, which is the bank\u2019s holding company, and Cornerstone Capital Bank. Allen will serve as area chairman, Peoples Bank. <\/p>\n

Further, all\u202fthe\u202fPeoples Bank leadership team,\u202fbranch presidents,\u202fand support teams\u202fremain\u202fin place. <\/p>\n

The company has served nearly 700,000 customers through its family of brands, including Cornerstone Home Lending, Roscoe Bank, Peoples Bank, Cornerstone Servicing, and Cornerstone Insurance. <\/p>\n","protected":false},"excerpt":{"rendered":"Cornerstone Capital Bank, based in Houston, completed its acquisition of Peoples Bank of Lubbock, Texas. \u00a9 Shutterstock All…\n","protected":false},"author":2,"featured_media":188780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[168,170,169],"class_list":["post-188779","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lubbock","tag-lubbock","tag-lubbock-headlines","tag-lubbock-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/188779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=188779"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/188779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/188780"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=188779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=188779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=188779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}