About Us

CornerStone History

April 8, 1974- the doors of Le Sueur State Bank opened for business at 229 S. Main St.

1995- Le Sueur State Bank moved to its current location of 415 N Main Street.

1997- Le Sueur State Bank entered into a purchase agreement with TCF to purchase an operating branch in Cloquet, MN. During the purchase process and much discussion from the Board of Directors, “CornerStone State Bank” was established as a new name that would market equally in multiple markets.

2002- An opportunity to purchase neighboring branches in Belle Plaine and Green Isle was completed in 2002. At the same time management felt a need for change in the regulatory agreements were necessary and application to move from a Fed Member Bank to a State Non-Member of the Federal Reserve was necessary. Following this change CornerStone would be examined by the State commissioner and the FDIC rather than the Federal Reserve Bank of Minneapolis.

2008- When the two current banks in Montgomery, MN merged into one, the CornerStone Board was contacted by residents of Montgomery to establish a second bank in town. Utilizing a small bank exception in the Minnesota branch banking rules, CornerStone moved its charter from Le Sueur to Montgomery and established a branch in a small downtown rental, formerly used as a jewelry store. In 2009 a new building was built with a Czechoslovakia theme.

2010- following trips to Chicago and Iowa, CornerStone joined the Federal Home Loan of Des Moines Iowa with a Mortgage Partnership Funding Program to provide fixed rate consumer mortgages to our customers and retain the paperwork and servicing of those mortgages. This program became very popular throughout all markets to our consumers.

2015- A merger agreement was acquired with Peoples State Bank of Madison Lake.

2016- In March, Peoples State Bank merged into CornerStone State Bank with a branch in Eagle Lake. Staff was retained and services expanded in both cities. In later 2016, a new bank construction project began in Eagle Lake with an anticipating opening during the spring of 2017.

Board of Directors

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Bruce Olness

Chairman of the Board

Bruce’s personal banking career started upon advice from the President of the American State Bank of Moorhead. He grew up on a sugar beet farm north of Moorhead. Upon attending the University of Minnesota and later graduating from Moorhead State University with an administration/finance degree, he joined the office of Comptroller of Currency as an OCC examiner in 1966.

Following eight years with the OCC, Bruce joined the First National Bank of St. James as Vice President. In 1975, after spending 18 months in St. James, he joined the Le Sueur State Bank in Le Sueur, Minnesota. In 1997 the name was changed to CornerStone State Bank and currently has seven community locations; Le Sueur, Cloquet, Belle Plaine, Green Isle, Montgomery, Madison Lake and Eagle Lake.

Bruce has continued to stay involved in the Le Sueur community as an active Rotary and Le Sueur Industry Development member. He has previously held the role of Le Sueur EDA commissioner for 14 years. In 2016 Bruce was honored as a 40 year Banker/Businessman in Le Sueur and joined the Minnesota Bankers Pioneer Club, which he is pleased and excited to follow many career bankers in a wonderful industry. An industry where we help all consumers, with deposits of checking, savings and CD’s along with short and long term loans for purchases; business, industry, and governments with their day to day needs in deposits, loans, and management advice. The industry is truly on the ground floor elevating many to prosperity.

Bruce’s main home is in Le Sueur, Minnesota, but with the aid of modern technology and a great staff he continues to work full time from his winter home by Sarasota, Florida with his wife Carol of 51 years. When Bruce isn’t working you will typically find him at the golf course, gardening or spending time with his wife and eight grandchildren. His latest accomplishment was “shooting his age” during a round of golf on his last birthday.
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Karl Kolden

Board Member

Karl Kolden joined the CornerStone State Bank Board of Directors in 2015. As a member of the board of directors, Karl helps provide strategic direction and leadership for the bank. In addition to being a Board member for CornerStone State Bank, Karl is a member of both the Chamber of Commerce Board of Directors and Rotary Board of Directors.

As a local businessman, Karl and his wife Rosemary own and operate Kolden Funeral Services, and have funeral home locations in Le Sueur, Belle Plaine, Arlington, and Henderson.

He graduated from Gustavus Adolphus College and the Worsham College of Mortuary Science. Karl and his wife live in Belle Plaine with their three children Ella, William, and Joseph. He enjoys spending time with family and golfing.
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Taylor Stockwell

Vice President - Le Sueur

Taylor joined the CornerStone team after graduating from the University of Minnesota Duluth. He was promoted to Vice President in 2003.

Taylor and his wife Karen live in Le Sueur with their three kids. He enjoys playing hockey, fishing, and golf. Taylor has experience in all areas of banking but specializes in real estate lending.
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Sue Vos

President - Green Isle

Sue’s thirty-eight year banking career began in 1972 with Citizens State Bank in Green Isle. In her 18 years with Citizens State Bank, Sue held roles as bookkeeper, teller, and loan processor. After a five year period working for Ridgeview Medical Center, Sue was asked to assist in the startup of Prairie National Bank in Belle Plaine, which continued to her leading a branch expansion to Green Isle. In 2002, Prairie National Bank was purchased by CornerStone State Bank and Sue was promoted to President of the Green Isle branch.

Sue continues to be active in her community as a member of the Board of Trustees and Treasurer for the CCW Ladies group at St. Brendan’s Catholic Church, Treasurer for the Sibley County Chapter of the Salvation Army, Treasurer and member of the Board of Directors for the Sibley County Food Share, and Treasurer and member of the Green Isle Lions Club. She also volunteers for FOCUS MN, the Sibley County Santa’s Helpers Program, and the Sibley County Community Coat Drive.

Sue and her husband Mike live in Green Isle and have three married sons and four grandchildren. In 2014 Sue and Mike were recipients of WCCO’s Good Neighbor Award. In her free time she enjoys spending time with family, volunteering, reading, and doing book-work for small businesses including her sons’ business Vos Construction.
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Connie L. White-Tupy

President - Montgomery

Connie’s banking career started at the First National Bank in Montgomery in July, 1966. Starting in the bookkeeping department, she advanced to Head teller in 1967 and a Loan Officer in 1971. When First National Bank was sold to Frandsen Bank and Trust in 2008, Connie retired her position as Executive Vice President, and shortly after that, joined CornerStone State Bank in 2008 as President of the new Montgomery branch.

Connie is active in the Montgomery community. She is on the Board of the Montgomery Economic Development Authority and a member of the Montgomery VFW Auxiliary and the Holy Redeemer CCW. She started and organized the Montgomery Chamber of Commerce in 2016.

Connie married Bernie Tupy after her first husband of 33 years, Leon White passed away. Connie and Bernie have been married 15 years, and live in Montgomery. She has one daughter and two step sons. She and Bernie have 3 grandchildren. Connie enjoys spending time with her family. She also loves reading, cooking, camping, and visiting shut-ins.

Connie’s expertise is in Consumer/Real Estate Mortgage lending. In 2016 she celebrated 50 years in banking and has worked with many people over the years. She loves people and truly enjoys working with customers.
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Allan Sunderman

Board Member

Bio coming soon
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Ron Grothe

Board Member

Ron Grothe has been a member of the CornerStone State Bank Board of Directors since 1997. Ron and his wife Robin own Corner Drug Health Mart in Le Sueur, MN, and have both been active leaders in the Le Sueur business community.

Ron’s personal Pharmacy career started when his chemistry professor/advisor noted an aptitude for organic chemistry at Willmar Community College, Willmar, MN and encouraged him to apply to the University of Minnesota, Pharmacy School. He applied with a 2 year Associate of Sciences degree in 1975 and was admitted Fall Semester 1975 and graduated Spring 1978 with his Bachelor of Sciences degree in Pharmacy. He immediately was hired as a staff pharmacist by Sward Kemp Snyder Drug in Redwood Falls, MN.

Upon completing his 7th year at Sward Kemp Snyder Drug and holding various staff positions including management he sought to buy Corner Drug from Dick and Bunny Lantz in October 1985. While many changes including franchise names, which currently is Corner Drug Health Mart, the stability and recognition of our business has come from our long term loyal employees; some of which have been with the store since previous ownership. Corner Drug has been peer nominated for Pharmacy of the Year 3 times and won the National Award in 2004.

Ron has been involved in the Le Sueur community as an active Rotary member and currently serves on the board as International Services Director. He has held all positions within the Le Sueur area Chamber of Commerce and has held multiple positions of service at First Lutheran Church. He also served on the Le Sueur Industry Development Board.

Ron, along with his business partner and wife of 22 years Robin currently resides on some acreage in Le Sueur where they tend to all family, business, gardening, pets, and recreational interests together. They have four children and five grandchildren.
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Matt Fogarty

President - Belle Plaine

Matt first came to CornerStone State Bank in 2005 and was named President of the Belle Plaine branch in 2010. After graduating from Mankato State University in 1991, Matt has gained a diverse background working for both small and large banks in all areas of lending. Matt also spent four years working for a mortgage company. Matt specializes in real estate lending for all areas including personal, business, and agriculture, but has experience in all areas of banking.

Matt is currently involved in the Belle Plaine BBQ Days Committee and Belle Plaine Festivals and Events Committee and has also served on the Board of Directors for the Belle Plaine Chamber of Commerce and the Belle Plaine Basketball Association. Matt and his wife Melanie have three sons together and he enjoys spending time with family boating, skiing, snowmobiling, and traveling when possible. Matt also likes hunting, playing basketball, and coaching his son's youth sports.
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Bob Van Deusen

President - Eagle Lake

After graduating from Moorhead State University, Bob worked in data processing for the St. Paul Companies and First Bank St. Paul. In 1984, Bob began working in small town banking; first in Lewisville and then Peoples State Bank of Madison Lake. In 2016, after CornerStone State Bank purchased Peoples State Bank, Bob was promoted to President of the Eagle Lake branch.

Bob was involved with the Madison Lake EDA and is now on the Eagle Lake business group. Bob and his wife Ann reside in Madison Lake and have three children. In his free time he enjoys music, travel, and outdoor activities such as golf and hiking.
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Dean A. Seaver

Board Member

Dean Seaver joined the CornerStone State Bank Board of Directors in 2010. Dean is a Le Sueur businessman, and has been President of the family owned Seaver Company/i-gogs since 1997. I-gogs brand is available in 3,800+ retail stores in 32 states. Seaver Company, celebrating its 35th Anniversary in 2017, is also the owner and operator of Sunglass Display Company.

In addition to successfully running a business, Dean has actively been involved in the community. His past and current involvement includes Word of Life LBC Trustee, Word of Life Sunday School Teacher and choir member, and M.A.H.A. District Representative. He is also affiliated with the Le Sueur and Bulldog Hockey Associations and the Le Sueur Country Club.

Dean graduated from Minnesota State University in 1983 with a Management/Marketing degree and began to work for Seaver Company shortly after. Dean and his wife of 35 years Linda have four children and (almost) five grandchildren. Dean enjoys spending time with family, fishing, hunting, and playing golf. He also enjoys the daily challenge of owning a small business.
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Chad Olness

President - Le Sueur

Chad began his career with CornerStone State Bank after graduating from the University of St. Thomas. Chad was promoted to President of the Le Sueur branch in 2002.

Chad is active with the Bulldog youth hockey program in Le Sueur. He also enjoys sailing and watching his kids’ sporting events. Chad has expertise in all areas of banking, including personal or business lending.
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James Simmons

President - Cloquet

Jamie joined the CornerStone State Bank team in 2000. After graduating in 2002 from UMD with degrees in Management and Marketing, Jamie continued to work full time and was promoted to President of the Cloquet Branch in 2014.

Jamie has been a member of Business Networking International for 10 years and is an avid supporter of youth hockey, baseball, and softball. Jamie and his wife Bri live in Cloquet with their three children. He’s an avid duck and deer hunter and loves ice fishing. Additionally Jamie still plays hockey and enjoys wood-working in his garage.
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Jim Van Deusen

President - Madison Lake

Jim’s banking experience began early, working part-time at his father’s community bank throughout high school. After receiving his undergraduate degree from the University of Wisconsin, River Falls, Jim pursued his post-graduate work at Washington State University. Shortly thereafter, he was hired by the Department of the Navy as a Project Manager for Submarine Sonar Systems. Jim’s responsibilities included acquisition, installation, and upgrading of the Systems. He returned to banking in 1996, at Merchants State Bank in Lewisville, MN, and gained in-depth experience during his five years working as a Loan Officer and overseeing operations.

In 2001, the family purchased Peoples State Bank, a community bank in Madison Lake, MN, and Jim was assigned the position of Executive Vice President. After Peoples State Bank merged with CornerStone State Bank in 2016, Jim began his current responsibilities as President of the Madison Lake Branch of CornerStone State Bank.
Within the Madison Lake community, Jim is a Board member, Secretary, and Treasurer of the Madison Lake Watershed and Lake Association. In addition, he is a Member of the City of Madison Lake Economic Development Committee and active in Madison Lake’s annual Paddlefish Days. He enjoys traveling with his wife Michaela, boating on Madison Lake, brewing beer, and playing in a recreational ukulele group.

Jim specializes in consumer mortgage and installment loans and small business loans, but has experience in all areas of banking.