Cornerstone Financial Corporation Announces 10 - 1 Reverse Stock Split

CFIC is announcing a reverse stock split.

Mt. Laurel, NJ, May 10, 2017 --(PR.com)-- Cornerstone Financial Corporation (OTC CFIC and
CFICD), the holding company for Cornerstone Bank, announced a 10 - 1 Reverse Stock Split affecting
shareholders of record as of the close of business on May 15, 2017. The consummation date for the
Reverse Stock Split will be upon the opening of trading on May 31, 2017. The new trading symbol will
be CFICD for a period of 20 days at which time the D will then be removed and the trading symbol
will revert back to CFIC. This change is simply to differentiate the post-split market value from the
pre-split market value.

Susan Barrett, Chairman of the Board stated "The Stock Split itself will not adversely affect the aggregate
value of our shares of common stock, as it will simply decrease the number of shares outstanding, and
thereby increase the book value per share. However, we believe this move will better position us to tell
our comeback story, and help with future capital raising efforts.

Cornerstone Financial Corporation is a New Jersey based bank holding company headquartered in Mount
Laurel, New Jersey. Cornerstone Bank is a New Jersey state chartered commercial bank headquartered in
Moorestown, New Jersey. The Bank commenced operations on October 4, 1999, and conducts business
from its main ofce in Moorestown New Jersey and from six additional branch ofces located in Medford,
Burlington, Cherry Hill, Voorhees, Mount Laurel and Woodbury.

Contact: Gene Dorazio, President

856-439-0300

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Contact Information:
Cornerstone Bank
Gene Dorazio
856-439-0300
Contact via Email
cornerstonebank.net

Online Version of Press Release:

You can read the online version of this press release at: http://www.pr.com/press-release/715932

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