Patten Retires from Cornerstone Bank

After a distinguished career of more than 33 years in banking, Dale Patten is set to retire on March 31, 2017.

Patten began his banking career in 1983, shortly after McKenzie County Bank opened in Watford City. He has served in many leadership roles within the bank over his career starting as an ag lender, becoming a commercial lender, and then Market President.

Gary Petersen, Chairman of Cornerstone Bank said, "Dale has helped many farmers, ranchers and small business owners achieve their dreams. He became the person they turn to when they're making important decisions about their money."

Petersen also credited Patten with providing great leadership during the energy boom in western North Dakota. Patten has been a leader in the community serving on numerous boards and as a McKenzie County Commissioner for 12 years. He also served on the North Dakota Bankers Association (NDBA) Board of Directors and chaired the NDBA Ag Committee. Dale has been and will remain a Who's Who of bankers in the farm, ranch and energy sectors.

So far, Patten's retirement plans include raising cattle and fishing.

The public is invited to a retirement open house in honor of Patten on Wednesday, March 22 from 10 a.m. to 4 p.m. at Cornerstone Bank (500 2nd Ave SW in Watford City).

Wade Elder has been promoted to Market President in Watford City and is working to ensure a smooth transition for the Watford City clients and team. Elder has over 30 years of experience in banking in North Dakota and Montana. He joined the bank in March 2012 as a Commercial Lender.

Cornerstone Holding Company, based in North Dakota, is the parent company of Cornerstone Bank. One of North Dakota's ten largest financial institutions, Cornerstone Holding Company is an $820 million financial institution. Cornerstone Bank has North Dakota locations in Bismarck, Dickinson, Fargo, Makoti, New Town, Parshall, Plaza, Watford City and a South Dakota location in Sioux Falls. There are Cornerstone Mortgage offices Grand Forks and Minot, North Dakota along with Aberdeen, South Dakota. Cornerstone Bank provides an expansive product offering while staying true to their mission of providing access to financial experts who give straight answers and the best possible financial options. Cornerstone's offerings include business and personal loans, deposits and cash management services, online and mobile banking along with mortgage services.