Cornerstone Community Bank is pleased to announce the promotion of Rick Novotny to chief credit officer. Novotny has served as a commercial loan officer for Cornerstone for almost 10 years. “This newly created position is common for banks once they reach a certain size,” said Paul Foy, president of Cornerstone Community Bank. “As a $200 million bank, our board of directors and I believe we have reached that point.”
“Rick has the intellect, demeanor, decision-making skills, and, most importantly, common sense to help move this organization through our next phase of growth,” added Foy. “He has performed admirably as he developed his portfolio over the years. Rick understands the balance between maintaining our standard for high asset quality with the flexibility needed to serve the needs of our small business borrowers.”
In this position, Novotny will manage the entire lending operation. He will be the interface between the lenders, the operations team and senior management to make approving, preparing and servicing loans efficient and effective. Novotny will also have additional loan authority to expedite the process for our customers.