Exhibit 99.1
![](https://capedge.com/proxy/8-K/0001144204-08-031976/logox1x1.jpg)
Cornerstone Bancshares, Inc. Announces Cash Dividend
Friday, May 23, 2008 8:00 AM
- PR Newswire
CHATTANOOGA, Tenn., May 23 /PRNewswire-FirstCall/ -- Cornerstone Bancshares, Inc. (OTC Bulletin Board: CSBQ) today announced the following:
Cornerstone Bancshares, Inc Board of Directors announced the record date and payment date of Cornerstone's quarterly dividend. The dividend $.07 a share will be issued to shareholders of record as of June 15, 2008, and will be paid July 3, 2008.
Cornerstone Bancshares, Inc. is a one-bank holding company serving the Chattanooga, Tennessee MSA with five branches and one loan production office in Dalton, GA and one loan production office in Knoxville, TN and $450 million in assets specializing in business financial services.
Contact:
Cornerstone Bancshares, Inc., Chattanooga, TN
Frank Hughes
President & Treasurer
PH#(423)385-3009,Fax# (423)385-3100
email: fhughes@cscbank.com