Form D · Commercial Banking

Cornerstone Bancshares, Inc.

Atlanta, GA · CIK 0001502762

Offering snapshot reported Dec 7, 2017 · SEC filing

Reported sold
$12M
Offering amount: $12M
Investors reported
16
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Dec 14, 2016
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$6M$12MJun 30, 2017: $6,000,000.00Jun 30, 2017Dec 7, 2017: $12,000,000.00Dec 7, 2017

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$6,000,000 → $12,000,000
  • Reported investors13 → 16

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 7, 2017Amendment$12,000,000$6,000,000vs Jun 30, 201716SEC filing
Jun 30, 2017Initial$6,000,000No comparison13SEC filing
Oct 18, 2010Initial$6,048,714No comparison95SEC filing

Offering details

Securities
Equity
Exemptions
06c
Duration over one year
No
Business combination
No
Sales commissions
$522K
Finders' fees
$0
Form D file number
021-289881
Total commissions paid on $12,000,000 in stock sales.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Situs Capital Management, LLC1159007Situs Capital Management, LLC · CRD 1159007

Source: Form D, filed Dec 7, 2017. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
John Paul Austin Director, Executive
Christopher H. Burnett Director, Executive
Frederick D. Clemente Director
Daniel M. Dupree Director
James D. Edwards Director
Hans Kempers Director
Frederick D. Kempers Director
Peng Lee Director
Albert D. Maslia Director
Gary R. Page Director
William B. Pendleton Director
Preston T. Purvis Director
Frank H. Roach Director, Executive
J. Clayton Snellings Director
Robert F. Tomain Director
Charles K. Yorke Director, Executive

Issuer details

Industry: Commercial Banking (See others in industry)

Address:
2060 Mt. Paran Road, Nw
Atlanta, GA, 30327