York's Cornerstone Bank to Buy Bank of Marquette


York's Cornerstone Bank has made a deal to buy Bank of Marquette, as well as a local insurance agency.

The deal, which includes the Marquette bank and Ferguson Insurance Agency is expected to close in the first quarter next year after regulatory approval.

Bank of Marquette had $35 million in total assets as of June 30.

Terms for the deal were not disclosed.

John Ferguson, the bank's president, says he is ready to devote himself to family and other interests after 50 years in the business.