Business

Cornerstone Bank announces promotion

Doug Young, left, and Wayne BoilesenThe Board of Directors of Cornerstone Bank has announced the promotion of Doug Young at Cornerstone Bank in Albion.

Young was named Vice President and Manager of the bank effective Jan. 4, 2010. He will be managing the bank pending the retirement of Wayne Boilesen.

Young started with Albion National Bank, the predecessor to Cornerstone Bank, in 1981 and has served in various lending and marketing capacities. In 2008, he was named Vice President and Assistant Manager of the Albion location.

Young has been very active in the Albion Community with the Chamber of Commerce, the Albion Economic Development Corp. and other civic and religious organizations. He and his wife, Pam, live in Albion and have two grown children.

Wayne Boilesen will retire from Cornerstone Bank on Jan. 4, 2010. Boilesen started with Albion National Bank in 1983. During his career at the bank, he served as Senior Vice President and Senior Loan Officer, and since 2002 has been the President of the Albion location. He and his wife, Pat, will continue to live in Albion.