Public Mediation

Scammed Over vs. Cornerstone Bank

Major screw up by Cornerstone Bank - I need help

B. K. vs. Cornerstone Bank
117 N Main St, South West City, Missouri, 64863-9459, United States
Amount Involved: $230,000.00
    • Status: In Negotiation
      This claim has posted for public comment and negotiation. It will remain posted until resolved to the claimant's satisfaction. Suggest a resolution to help these parties reach a settlement.
       (seeking public comment)
    • Claimant Seeks: View.
    • Claim #: 3360359
    • Amount Involved: 230,000.00
    • Filed On: Apr 04, 2016
    • Posted On: Apr 15, 2016
    • Complaint(s):
      • Bad business practices
      • "I just feel ripped off."
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Statement of Claim
Complaints Involved (2) - View
Claimant says:
"I am a 76 yr old widow who purchased property from Cornerstone Bank. Since Cornerstone has carried a mortgage on this property since the mid 7-0's, they were aware of the fact that the land has many underground sink holes. I had an underground radar survey done and provided a copy to Larry Vancurren, Cornerstone Bank Pres/CEO. During one , he informed me - "This bank is not your enemy and at your age, YOU DO NOT WANT TO BE CAUGHT IN THE CROSS HAIRS OF THIS BANK". I know cross hairs refer to guns etc, so this seemed to be a threat and I went home.

My son had several lines of credit that he was not able to pay. When the bank came to take my son's equipment and auction it to repay loans, the bank also took equipment that belonged to me - which the bank had no interest in. Later, I asked how much the equipment brought at auction because I wanted paid for the item that belonged to me. Mr VanCurren informed me that he did not know how much the items sold for (value of the items would have been between $50,000 and $80,000.) He said the bank did not keep a record, but just wrote off the loans.

I have a mortgage with them, along with a loan that has two vehicles on it. Included in each loan from time to time are "debit memos" used to increase the amounts due on the loans. For example, the print out received from Cornerstone on the vehicle loan was $7800 in January 2016, however a notice from the bank written in March 2016 indicates a loan balance of $9700. Print outs for the mortgage show various debit memos totalling more than $5000. adding this much to the balance due. I had a checking account with Cornerstone, where my social security retirement was deposited. At various times, Mr VanCurren would take monies from my account for reasons, not approved by me or for what I have no idea. Then, when I tried to pay my expenses - the check was returned NSF because the bank had taken the money out.

Several months ago I took a copy of the underground radar survey taken on this property to Mr Van Curren (first of February 2016). He informed me that the only advice he can give is for me to form an Oklahoma company, sell the property to my company and then have the company sell it to a pAfter rivate person without making full disclosure.

An engineer from the State of Oklahoma came out to review the report and the property. He informed me ____ "Ms Kendall, you only have three choices - 1) Try to sell the property after giving full disclosure as required by law (but no one will ever want it) 2) Give it back to the bank (I have invested approx $80,000 in improvements before knowing about the land problem) or 3) Try to work with the bank,which I tried. He also informed me --- "The problem can never be fixed. Altho he cannot tell me how far or how fast or slowly the land will keep sinking -he did assure me the land will continue to sink and I should not be living here. the threat about not wanting to be caught in the "cross hairs of the bank". Mr VanCurren actually said this to me on two occassions.


I am reluctant to pursue this with the bank any more than I have already tried because I fear"
...
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What Claimant Wants Hide
1. Damages: cost of monies invested, personal damages due to mishandling of funds by the bank, Apr 30, 2020 $150,000.00
2. Recovery of Losses: monies invested Apr 30, 2016 $80,000.00
Cash total : $230,000.00
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Respondent's Counteroffer

There has been no response to this claim from Cornerstone Bank. This claim will remain posted until resolved
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