HOUSTON, TEXAS, USA, August 26, 2024 — Cornerstone Capital Bank, a distinguished national provider of mortgage origination and servicing solutions and a dynamic full-service bank for consumer, commercial, and institutional banking, proudly announces the appointment of Paul Woo as Chief Financial Officer. Paul is set to lead a talented financial team, steering strategic planning and capital management to bolster the bank’s rapid growth.
Paul Woo brings over three decades of rich experience across the banking and financial services landscape, with a notable history of leading transformative growth in the industry. He previously held the position of Senior Vice President and Director of Capital Planning and Corporate Development at Cadence Bank, managing nearly $50 billion in assets. Before his tenure at Cadence, he was a senior member of The Endicott Group, where he managed over $500 million in private equity funds focused on commercial banks and thrifts. Paul has also played significant roles in investment banking, sell-side research, and financial analytics at FBR Capital Markets, Howe Barnes Hoefer & Arnett, and Morningstar. He is an alumnus of the University of Illinois at Urbana-Champaign, where he earned his degree in finance.
“I’m thrilled to join Cornerstone Capital Bank, renowned for its superior service and robust industry reputation,” stated Paul Woo. “Collaborating with high-performing teams and remarkable individuals has been pivotal throughout my career. The integrity, honesty, and shared values I’ve seen in the Cornerstone team resonate deeply with me, and I am excited to contribute to our future successes.”
Paul Woo’s appointment marks a significant stride in Cornerstone’s commitment to growth and excellence. Since its merger with The Roscoe State Bank less than two years ago, Cornerstone has seen a 50% increase in total assets and raised over $1 billion in deposits, evidencing strong asset quality and financial stability. As CFO, Paul will play a crucial role in spearheading initiatives to enhance the bank’s offerings and expand its market reach.
“We are delighted to welcome Paul to our executive leadership team,” said Scott Almy, President and CEO of Cornerstone. “Paul’s broad and deep background is instrumental for our goals of continued growth and performance excellence.”
About Cornerstone Capital Bank
Located in Houston, Texas, Cornerstone Capital Bank offers premier mortgage finance and banking services across the nation. The bank’s 1,500 team members are driven by a mission to deliver outstanding service and solutions. With a history dating back to 1906 and formed by the merger of Cornerstone Home Lending and The Roscoe State Bank in 2022, Cornerstone stands as one of the highest capitalized new banks in Texas history. It holds a certified Fortune Great Place to Work® status and has been recognized as a “Top Workplace” in major markets, along with multiple Best Workplaces™ awards.
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