The Houston-based Cornerstone Capital Bank just welcomed a new Chief Financial Officer.
Paul Woo, former senior vice president and director of capital planning and corporate development at Cadence Bank, brings over 30 years of experience in the banking and financial services industry to Cornerstone Capital.
Prior to Cadence, Woo served as a senior member of The Endicott Group, where he managed over $500 million in private equity funds focused on commercial banks and thrifts.
In his new role at Cornerstone, Woo will oversee the company’s financial team, strategic planning, and capital management.
“I’m thrilled to join Cornerstone Capital Bank, which has a strong reputation for superior service in our industry,” Woo said in a statement. “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.”
Throughout his career Woo held key roles in investment banking, sell-side research and financial analytics at FBR Capital Markets, How Barnes Hoefer & Arnett, and Morningstar. He earned a finance degree from the University of Illinois at Urbana-Champaign.
Since merging with The Roscoe State Bank less than two years ago, Cornerstone has grown its total assets by over 50% while maintaining strong asset quality and raising more than $1 billion in deposits. Woo’s appointment coincides with the company’s continued expansion plans.
“We are delighted to welcome Paul to our executive leadership team,” said Cornerstone President and CEO Scott Almy. “Paul’s impressively broad and deep background will be instrumental in helping us to realize our growth and performance goals."
