P R E S S R E L E A S E Cornerstone Advisors Adds Five to Growing Team SCOTTSDALE, Ariz. /May 21, 2012/ – To maintain its reputation as an industry leader in the face of increasing and diversifying client demands, Cornerstone Advisors, Inc. (www.crnrstone.com) announced today it has added five professionals to its team. Vincent Hui, James Pinckney and Jim Trautwein were named senior directors. Thomas Borjon fills the role of database administrator, and Tammy Reading will serve as executive assistant. “The addition of these new team members brings our tally of new hires over the past 12 months to eight,” said Scott Sommer, Cornerstone Advisors president and chief executive officer. “Cornerstone is known for the customized services (www.crnrstone.com/services) we provide to our clients, and this new infusion of professional talent will reinforce our ability to deliver targeted results across the full spectrum of our offerings.” Hui, from Seattle, brings to Cornerstone Advisors more than 20 years’ experience. He has served as both a senior executive and an advisor to large and small financial institutions. At Cornerstone, Hui will lead the planning and delivery of large scale change initiatives. Before joining Cornerstone, Hui was chief operating officer at Capital G Bank in Bermuda. Pinckney, from Chicago, will focus on the process improvement and lending areas at Cornerstone. During his career, which has included senior positions held at First Chicago, Mellon Trust, Bank One, Chase, Bankers Trust and ABN AMRO, Pinckney, a CPA, has helped regional, national and international financial services companies reduce millions of dollars in operational costs. Trautwein, from Charlotte, N.C., has more than 25 years’ experience in financial services. His strengths lie in technology, operations and management. At Cornerstone, Trautwein will focus his energies in the Technology Services, System Selection, Conversion Services and Contract Negotiation practice areas. Prior to joining Cornerstone, Trautwein was chief information officer for BankAtlantic. Relocated from Anchorage, Alaska, Borjon has more than 25 years of support experience in complex computer systems. He has worked for a diverse range of organizations, including Chase, IBM and Toyota. At Cornerstone, Borjon will work with a team providing all aspects of support for the Cornerstone Scorecard™, including the database, survey Web site and reporting tools. Reading has a solid background in real estate and property management and brings to her position as executive assistant at Cornerstone a proficiency in organization, time management, technology and training. Among other duties, Reading will be expected to know the whereabouts of Cornerstone’s road warriors at all times – no easy task. Originally from Chicago, Reading lives in Scottsdale. “We feel the addition of these highly skilled and specialized professionals to our team raises the bar on the value we can offer our clients,” Sommer said. “We are excited to see them in action.” For the foreseeable future, Hui, Pinckney and Trautwein will be providing services from Cornerstone satellite offices in their home states. Borjon and Reading will be based in Cornerstone’s Scottsdale headquarters. Founded in 2002, Cornerstone Advisors (www.crnrstone.com), a management consulting firm focused exclusively on mid-size banks and large-progressive credit unions, provides services in the areas of: Strategic Planning, Benchmarking and Best Practices, Process Reengineering, Technology Assessment and Planning, System Selection and Conversion Management, Vendor Contract Negotiation, Risk Management, and Merger and Integration Assistance. The Cornerstone team founded industry renowned GonzoBanker (www.gonzobanker.com) and authors The Cornerstone Report: Benchmarks and Best Practices for Mid-Size Banks and The Cornerstone Report: Benchmarks and Best Practices for Credit Unions. # # # Additional biographical details can be found at www.crnrstone.com/company/team.php. For more information, contact: Cate Pitts Manager, Marketing & Communications Scott Sommer President and CEO 480.423.2030 www.crnrstone.com/contact.php Cornerstone Advisors, Inc. 7272 E. Indian School Road, Suite 400 Scottsdale, AZ 85251 www.crnrstone.com www.gonzobanker.com