“We are pleased to report MCB’s profitability, especially given the current economic environment,” stated William E. Edwards, III, President and CEO. “We continue to meet the credit needs of our clients and strengthen our communities despite the challenges.”

As of September 30, 2009, MCB’s Total Assets equaled $320 million; loans, $255 million; and deposits, $276 million. In addition, Non-Brokered Deposits increased $49 million over the last twelve months. The Bank’s allowance for loan loss was 1.73% at September 30th: an increase of $1.422 million, compared to September 30, 2008. Tier I Capital and Total Risk-Based Capital was 8.77% and 11.96% respectively at September 30, 2009, which is up from 8.61% and 10.60% for the same period in 2008. The profit includes an additional $659,000 in loan loss provision year-to-date.

Horne is a graduate of the University of Tennessee, the Southeastern School of Commercial Lending, and the Southeastern School of Advanced Commercial Lending.  He has completed all certified financial planner courses through East Tennessee State University. Horne brings over fourteen years experience in the financial industry to his new role on the Board.

Horne’s recent promotion to Chief Credit Officer and skill in the development of policy and credit review, and management are indication of his strong and consistent leadership.

“Kevin Horne is that rare executive, willing to unselfishly take on and successfully complete every task an organization requires.  We are pleased to have this opportunity to recognize Horne’s hard work and dedication.  He exemplifies the core values of Mountain Commerce Bank.” said Bill Edwards, President and CEO.

During his tenure at Mountain Commerce Bank, Chapman has demonstrated the unwavering integrity crucial to maintaining the security and compliance of MCB’s BSA Program. He epitomizes such core values that have made MCB a trusted institution for 100 years.

“People like Brice Chapman make us proud to serve the East Tennessee community. MountainCommerce Bank is pleased to recognize Chapman’s hard work and his dedication to MCB’ssecurity and compliance, a vital aspect of who we are and what we do,” said Bill Edwards,President and CEO.

Debra Grecol, a mortgage consultant out of the Atlanta area, was named Mortgage Department Manager. With over 30 years’ experience in the banking and mortgage industries, Grecol will lead the secondary mortgage team, manage all aspects of the mortgage function, develop and implement policies and procedures, and generate new mortgage business for MCB.

Virginia Dover’s 18 years of experience in the banking industry with institutions like American Trust Bank and United Community Bank will serve her well in her capacity as MCB’s new Training Coordinator. With an emphasis on Bank Secrecy Act (BSA) compliance and operational training, she will oversee the training of new tellers, development of training schedules and presentation materials, and coordination of outside training opportunities.

The newest teller at the Limited Centre in Johnson City, Laura “Sissy” Kelly has also worked for First Bank and Trust Co and Fort Sill National Bank in Kingsport. She brings 23 years’ worth of customer service, sales, and head/vault teller experience to MCB.

“We welcome these new team members to the MCB Team. Our staff make MCB what it is—a local bank proud to build long-term relationships in the East Tennessee community and offer top-quality service,” said Bill Edwards, President and CEO.

As part of the growth strategy for Knoxville, MCB chose to relocate the N. Peters Road branch to provide more banking convenience for customers. The new Cedar Bluff branch is approximately one-half mile from the N. Peters Drive branch and is located at the corner of Executive Park Drive and Cedar Bluff Road. It features a two-lane drive-thru, ATM that dispenses cash and accepts deposits, easy entry and exit access to the building, and an after hours night deposit drop.

“When we began evaluating the possible locations for our new branch, we kept our customers at the top of our minds,” said Tim Topham, EVP & Regional President of MCB for the Knoxville market. ”We chose our new Cedar Bluff location because it offers more convenience that makes everyday banking easy for our customers.”

The foundation of MCB is built on its ability to offer big bank capital and technology with small, community bank relationships. As a client of MCB, customers will benefit from a wide array of personal and business banking products and services including a variety of deposit product options, competitive rates on loans and lines of credit, remote location deposit capturing, financial planning, investment services, and customized lending and banking solutions.

MCB’s Cedar Bluff branch will have more than 20 employees.  As a full-service branch, the drive-thru is open Monday – Friday from 8:00 am to 6:00 pm and the lobby is open Monday – Thursday 8:30 am to 5:00 pm; Friday 8:30 am to 6:00 pm. For specific branch information, please call 865-694-5701.

The bank’s chief financial officer, Kenneth W. Adams was named executive vice president. Kevin W. Horne was promoted to executive vice president and area president for Northeast Tennessee. Vice president Barbara Broshears was promoted to chief compliance officer. Regenia B. Ellis was promoted to assistant vice president and will serve as corporate secretary. Assistant vice president Whit Whitehurst has been named special assets manager, and Michael Saporito was appointed banking officer in the commercial banking division.

“Our staff makes MCB what it is—a local bank proud to serve the East Tennessee community. We are pleased to have this opportunity to recognize their hard work and their deep dedication to MCB’s values. Congratulations to these six members of our team. Mountain Commerce Bank would not be what we are without them,” said Bill Edwards, President and CEO.

These six individuals have over 100 years of combined banking experience.

MCB is scheduled to open four new branches in 2008. With various locations planned for the mountain south region of East Tennessee and with a long-term plan in place, MCB is a state-chartered, FDIC insured, privately held financial services institution. MCB specializes in personalized services for individuals and small-to-medium-sized businesses while offering the products, technology, and banking services of a larger bank.

“With approximately 100 years of experience in the industry, we recognize the unique and complex needs of our customers. By putting our team of bankers and decision makers closer to our customers, our goal is to provide the city of Morristown with innovative banking solutions,” said Terry Ball, senior vice president and area executive for Hamblen County.

The foundation of Mountain Commerce is built on its ability to offer big bank capital and technology with small, community bank relationships.  As a member of MCB, customers will benefit from personalized features that include no ATM fees with Gold Key checking, high interest bearing checking accounts, trust and investment services, remote location deposit capturing, flexible terms, competitive rates on loans and lines of credit, and customized lending and banking solutions.

MCB’s Morristown branch has six employees.  A full-service branch, it is open Monday-Friday 8:30 a.m. – 5:00 p.m., offering a wide array of personal and business banking products and services including deposits, loans, financial planning, and trust and investments. This branch will feature an onsite ATM that dispenses cash and will take deposits. For specific branch information, please call 423-586-8955.

“One reason our region is so strong is because of organizations like MCB. When a new company makes a commitment to the community through their service as well as their giving back, we are assured to have grown stronger with them being here. I am thankful to have MCB as a partner as we fight for the welfare of our children in this community.” - Randy Hensley, CFK Executive Director.

Coalition for Kids was chosen by MCB due to the valuable services they provide to the community and partially due to the currently-existing MCB employee involvement. MCB’s Bobby Brown, Director of Operations, and Jamie Goodsell, Director of Loan Operations, both sit on the Coalition For Kids Board of Directors and are actively involved in its initiatives. “MCB is proud to support nonprofit organizations like the Coalition for Kids that continue to make a difference for the children in our community,” said Bill Edwards, President and CEO of MCB. “We look forward to continuing our partnership with the Coalition in the upcoming years.”

If you would like to make a monetary or in-kind donation to Coalition For Kids or for  more information about programs offered, contact Randy Hensley, Executive Director at 434-2031. If you would like to volunteer your time or resources, contact Rachel Jaynes, Volunteer Coordinator, at 434-2031 (rachel@coalitionforkids.org).

About Coalition for Kids, Inc

The Coalition for Kids is a Christ-Centered joint venture of various religious, civic, governmental, business, industrial and private organizations and individuals working together to provide an infrastructure for the development and operation of various programs for the children and other families.

Coalition for Kids began in 1998 as a grassroots effort planted within one of the lowest income and highest crime areas of Johnson City, Tennessee. Prior to 1999, no community activity center or after school education opportunities existed. Through a vision of area Christian business leaders and concerned citizens, Coalition for Kids was born.