Board of Directors

Meet our Board of Directors

 

Frederick D. Clemente serves as a director on the boards of Cornerstone Bancshares, Inc. and Cornerstone Bank.  Mr. Clemente is Chairman of both the Audit Committee and the Regulatory Compliance Committee for the Bank. He is Managing Partner of Atlanta Capital Holdings, LLC and was formerly Managing Principal of BainbridgeZKS Real Estate Fund, a private equity fund headquartered in La Jolla, California and previously President, Chief Executive Officer and a Director of Park Holdings, Inc., which included Park 'N Fly, an off-airport parking company. His prior positions included Vice Chairman of HomeBanc Federal Savings Bank and International Controller for Mellon Bank. Mr. Clemente's community involvement as a Supporter, Benefactor, Volunteer, and Member include the Fulton County Sheriff's Reserve, Sheriff's Reserve Christmas Fund, Chick-Fil-A Winship Foundation, NYPD Emerald Society, and the Metropolitan Atlanta Police Emerald Society. Mr. Clemente also worked and supported the Mark Clayton "Starting Place" initiative for troubled teens in Miami, Florida, and "Kids in Distress" in Fort Lauderdale, Florida

 

Ben Danielson serves as a director on the boards of Cornerstone Bancshares, Inc. and Cornerstone Bank.  He is an investment consultant with extensive experience in finance and investment management. He currently serves on the boards of multiple energy companies, both foreign and domestic.  Previously he was Vice President of Investments and later as Chief Investment Officer – China, for Quintana Capital Group, a Houston based private equity firm.  Mr. Danielson was also a Vice President at GE Capital Energy Financial Services and a Management Consultant at PriceWaterhouseCoopers (PwC). Mr. Danielson began his career as a Field Artillery Officer in the US Army.  Mr. Danielson holds a BS in Mathematical Economics from the United States Military Academy, and an MBA from the University of Texas.

 

Steven G. Deaton is President and Chief Executive Officer of Cornerstone Bank and an elected member of the Boards of Directors of Cornerstone Bank and Cornerstone Bancshares, Inc. Before joining Cornerstone, Mr. Deaton served in several executive positions at State Bank & Trust including Chief Banking Officer and Chief Risk Officer from August 2009 through January 2019.  Between 2006 and 2009, he served as Executive Vice President / Atlanta Regional President of Flag Bank and served as President of Business Banking for Georgia for RBC Centura Bank (following RBC Centura Bank’s acquisition of Flag Bank).  Prior to joining Flag Bank, Mr. Deaton spent 22 years in regional banking in various other positions.

 

Ping Lee, PhD, serves as Chairman of the Board for Cornerstone Bancshares, Inc. and is a director of Cornerstone Bank. Mr. Lee is Chairman of the Bank’s Compensation Committee and Technology Committee.  Dr. Lee had a distinguished career over the last 27 years in the oil and gas industry and the technology industry during which he served in a number of regional and global executive positions for which he made key contributions.  More specifically Dr. Lee served as Asia-Pacific Regional Manager Director of SchlumbergerSema Financial Services, President of Atos Origin North Asia, Global Director of Human Resources of Schlumberger Wireline, Area President of Schlumberger Limited, President and Asset Manager of BG Group China (BGC), and most recently Chief Legal Representative of BGC at Royal Dutch Shell.  Dr. Lee received his PhD in Mathematics and MS in Computer Science from Cornell University.  He started his career as a research scientist at Schlumberger, during which time he published over 20 scientific research papers and was credited with two patents.

 

William B. (Bill) Pendleton serves as a director on the board of Cornerstone Bancshares, Inc.  He was a founder of and the original CEO and Chairman of Cornerstone Bank.  Currently Mr. Pendleton is the Head of a private investment company focused on equities and real estate where he facilitates transactions for undercapitalized firms needing additional capital. Mr. Pendleton received his BA in Political Science and Economics from Emory and Henry College. He is a member of the Rotary Club of Atlanta and is active with Habitat for Humanity in Atlanta.

 

Thomas Purvis serves as Chairman of the Board for Cornerstone Bank and is a director of Cornerstone Bancshares, Inc. Mr. Purvis has extensive experience in banking.  Prior to his retirement in 2015, Mr. Purvis served as vice president for marketing and sales at Wells Fargo Bank and, prior to that, held the same position at SunTrust Bank.  From 2001 and 2007, he served as President of the International Division of SouthTrust Bank.  Mr. Purvis began his banking career at NCNB (now Bank of America) holding roles in internal audit, internal loan review and business development.

 

Clayton Snellings serves as a director on the boards of Cornerstone Bancshares, Inc. and Cornerstone Bank.  He is Chairman of the Asset Liability Management Committee at Cornerstone and serves as a member of the Audit Committee. Mr. Snellings is Principal and President of Snellings Walters Insurance Agency. He is a member of the Society of Chartered Property and Casualty Underwriters (CPCU) and is a past-President of the Independent Insurance Agents of Georgia. Mr. Snellings currently serves the community as a Board Member of the Sandy Springs Chamber of Commerce, member of Kiwanis International, Kingswood United Methodist Church, and Director of Friends of Prison Family Ministries. Formerly, Mr. Snellings was the President of Holy Innocents Episcopal Athletic Association and led fundraising campaigns for the Cystic Fibrosis Foundation.