Feaster succeeds Carr as Cornerstone CEO

6

January

Davidp_feastercornerstone It's an appointment no one likes to see, in a way. Three months after the unexpected death of Cornerstone Bank CEO Bob "Skip" Carr at age 64, the St. Petersburg banking company named longtime St. Pete banker David Feaster (in photo) as Cornerstone's new president and CEO.

Feaster, 55, is a life-long resident of St. Petersburg and most recently was area president of Whitney National Bank. Earlier, he was a founding member, CEO, president and director of Signature Bank in St. Petersburg. Feaster has chaired the boards of the St. Petersburg Area Chamber of Commerce and the All Children’s Hospital, and served as trustee of the St. Petersburg College Banking School and committee co-chairman of the Governor’s Baseball Dinner. “I look forward to being associated with the Cornerstone family of true professionals in delivering quality banking services to our market area," Feaster said. He will be located in Cornerstone’s main office at 6300 4th Street North in St. Petersburg.

Cornerstone Bank received its state charter in March of 1999. It has eight Pinellas County locations and more than $320-million in assets. The bank was rated a "3" star institution (see bank ratings here) as of the third quarter of 2008 by Bauer Financial, which ranks banks on a scale of "5" star (best) to "zero" star (troubled).

Carr also was a life-long St. Petersburg resident and a graduate of Boca Ciega High School. He started his career in banking at age 21 at Union Trust and then at Home Federal Bank of St. Petersburg, where he rose from teller to executive vice president. After Home Federal was sold to Barnett Bank in 1987, he became executive vice president and chief operating officer at Anchor Savings, which later was bought by PCB Bancorp. In 1998, Carr led a group of Pinellas County business and community leaders who organized Cornerstone Community Bank, which opened in 1999. He suffered a heart attack in September.

(Photo courtesy of Cornerstone Bank.)

-- Robert Trigaux, Times Business Columnist

[Last modified: Tuesday, June 1, 2010 12:23pm]

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