Cornerstone Home Lending completed the acquisition of The Roscoe State Bank.

Cornerstone Home Lending, an independent residential mortgage company, completed the acquisition of The Roscoe State Bank, a community-based bank. Financial terms were not disclosed. "This combination of two great teams will allow Cornerstone to significantly expand product and service offerings to our hundreds of thousands of customers and referral sources throughout the country, will provide a vast array of additional home lending products and services to the customers and communities served by The Roscoe State Bank, and will produce additional growth opportunities for team members at both Cornerstone and Roscoe," Marc Laird, Cornerstone Chairman, CEO and Co-founder.