Cornerstone Capital Bank, a national provider of mortgage origination and servicing solutions, appointed Paul Woo as chief financial officer (CFO). Woo will oversee a skilled financial team, strategic planning and capital management.
Woo has over 30 years of experience covering banking and the financial services industry and a history of transforming banks into industry leaders. He previously served as senior vice president and director of capital planning and corporate development at Cadence Bank. Prior to Cadence, he was a senior member of The Endicott Group. He also held key roles in investment banking, sell-side research and financial analytics at FBR Capital Markets, Howe Barnes Hoefer & Arnett and Morningstar.
“I’m thrilled to join Cornerstone Capital Bank, which has a strong reputation for superior service in our industry,” Woo said. “Throughout my career, working with high performing teams and really great people has been a key part in my success. After meeting the Cornerstone team, I was struck by everyone’s honesty, integrity and shared values. Their mission and vision truly resonated with me as well. I believe most people aspire to work with colleagues they genuinely enjoy, and I am excited to do just that.”
Woo’s appointment represents an important step in Cornerstone’s commitment to growth and expansion. In less than two years since merging with The Roscoe State Bank, Cornerstone has grown its total assets by over 50 percent while maintaining strong asset quality.
“We are delighted to welcome Paul to our executive leadership team,” Cornerstone President and CEO Scott Almy said. “Paul’s impressively broad and deep background will be instrumental in helping us to realize our growth and performance goals.”