Houston-based Cornerstone Capital Bank has appointed Paul Woo chief financial officer. He has more than 30 years of experience in the financial services industry.
Woo previously served as senior vice president and director of capital planning and corporate development at Cadence Bank. Prior to Cadence Bank, he was a senior member of The Endicott Group, managing more than $500 million in private equity funds focused on commercial banks and thrifts. He also held key roles in investment banking, sell-side research and financial analytics at FBR Capital Markets, Howe Barnes Hoefer & Arnett and Morningstar. Woo earned a finance degree from the University of Illinois.
“After meeting the Cornerstone team, I was struck by everyone’s honesty, integrity and shared values,” Woo says. “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.”
In less than two years since merging with The Roscoe State Bank, Cornerstone Capital Bank has grown its total assets by more than 50 percent while maintaining strong asset quality and raised more than $1 billion in deposits.
“Paul’s impressively broad and deep background will be instrumental in helping us to realize our growth and performance goals,” says Scott Almy, president and CEO.
Established in 1988 as Cornerstone Home Lending, the name was changed to Cornerstone Capital Bank SSB in 2022 after the merger with The Roscoe State Bank. It operates three banking offices in Texas—Roscoe, Sweetwater and Bastrop—and two Washington locations in Maple Balley and Silverdale.
