SmartFinancial (SMBK) 8-K Cornerstone Bancshares, Inc. Announces Cash Dividend

Exhibit 99.1

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