Mountain Commerce Bancorp had another outstanding year in 2015. Many of the things we put into place during the year were things that will significantly improve our ability to thrive in years to come. For example, during the year we:
- Moved our headquarters into our new state-of-the-art, two story financial center in the Bearden section of Knoxville to better re ect our strategic emphasis on this vibrant market.
- Continued prudent balance sheet growth, while expanding operating earnings to an all-time high.
- Built upon the Mountain Commerce team and leveraged our investment in people.
- Adhered to sound banking and management principles and upgraded our technological service offerings; and
- Supported shareholder value by successfully executing our strategic plan and opportunistically repurchasing our stock.
For many reasons, 2015 was one of the most significant years in our Company’s history. In the following sections, I will share a few more of the details in the Annual Report (pages 10-13).
In conclusion, we are very excited about our prospects. The year 2016 is starting out much the way 2015 did: with great promise for a profitable and rewarding year. We are proud to be part of a community bank industry that is still as relevant today as it ever has been, and which is undergirded by personal relationships and local decision making, both of which are critical differentiators for your bank. Again, please stop by if you have not visited our new headquarters.
Thank you for your continued support. Sincerely
William E. Edwards, III
President and Chief Executive Officer
We have just released our 2015 Annual Report which you can download here.
About Mountain Commerce Bank
Mountain Commerce Bank (MCB) is a state-chartered, FDIC-insured, century-old, privately held financial services institution headquartered in Knoxville, Tennessee and serving East Tennessee. Through Hometown Service and Smart Technology, MCB offers big bank products and services, with the personal attention and exceptional service of a hometown community bank.
At the end of March 2016, MCB had $516.8 million in total assets and $457.9 million in total deposits. MCB currently employs 70 individuals at five branches and one operations office. For more information, visit us at www.mcb.com/ or check your account any time at 1-866-MCB-1910. MCB is an equal opportunity employer.
