CornerBank celebrating 140th anniversary
Marvin Hostetter has been in farming his entire life. It's all he wanted to do since, as a boy, he followed his dad to the barn to milk the cow. Hostetter's dad was a CornerBank customer and so were his grandparents on both sides of his family. Hostetter has carried on the family tradition with financing his cattle operation through CornerBank.
CornerBank celebrates its 140th anniversary this year and has been funding agricultural operations since it was founded in 1872. Its agribusiness officers all grew up around agriculture operations and monitor agriculture trends very closely to be sure they understand customers' opportunities and challenges.
CornerBank also prides itself on providing a complete line of insurance products to simplify the financial lives of busy farmers and ranchers.
The bank is committed to customer education. Earlier this year, Adrian Polansky, the former secretary of the Kansas Department of Agriculture and current executive director of the Kansas Farm Service Agency, was the guest speaker at a producer breakfast sponsored by CornerBank and RCIS. In addition to Polansky, the breakfast featured Mary Knapp, state climatologist with the agronomy department of Kansas State University; Justin Hayes, RCIS field service representative.
Many family-owned businesses haven't taken the time for succession or estate planning, and that is where CornerBank's trust department can help.
Bob Ireton and Brenda Butters' dad, Robert Ireton, started banking with CornerBank more than 60 years ago when he wanted to start a hay baling business. The bank helped him start his business and Robert continued his banking relationship with CornerBank throughout the years. When Robert began experiencing health issues, the family turned to CornerBank's trust professionals for help.
CornerBank's trust officers have extensive experience in dealing with agricultural land, as well as oil and gas leases. CornerBank can help customize trusts, retain custody and safekeeping of assets, protect assets, oversee bill paying and assist with tax planning. The bank can serve as a trustee, executor or conservator and can help clients prepare for a time when they are unable to make decisions.
CornerBank is a full-service, $280 million community bank, which is now in its fourth generation of family ownership. CornerBank has locations in Winfield, Arkansas City, Douglass, Lawrence, Oxford, Wellington and Wichita. For more information, visit https://www.cornerbank.com/customerstories.