For an Eleventh Consecutive Quarter, the Knoxville-Based Community Bank Posts Record Operating Earnings KNOXVILLE, TN — July 23, 2019 — Mountain Commerce Bancorp, Inc. (OTCQX: MCBI), the Knoxville, Tennessee-based bank holding company and parent of Mountain Commerce Bank (MCB), reported consolidated net income of $2.96 million for the second quarter of 2019, up from $2.45 […] Read more
KNOXVILLE, TN — July 19, 2019 — Mountain Commerce Bancorp, Inc. (OCTQX: MCBI) announced today that its subsidiary, Mountain Commerce Bank (MCB), has earned a place among the top 200 publicly traded community banks in the United States as determined by American Banker magazine. The annual ranking was for community banks with less than $2 […] Read more
KNOXVILLE, TN — April 23, 2019 — Mountain Commerce Bancorp, Inc. (OTCQX: MCBI), the Knoxville, Tennessee-based bank holding company and parent of Mountain Commerce Bank (MCB), reported consolidated net income of $2.89 million for the first quarter of 2019, up from $2.33 million for the first quarter of 2018—an increase of 24 percent. Earnings per […] Read more
I am delighted to report that 2018 was another excellent year for your Bank. During that twelve-month span, we continued to execute on our strategic plan, while achieving robust managed growth, maintaining high asset quality and realizing a strong increase in earnings. I am particularly pleased by some of our profitability metrics, most notably our […] Read more
In 2017, Mountain Commerce Bancorp, Inc. (MCB) experienced another exceptional year. For many community banks, recent regulatory and competitive pressures have led to a reduction in profitability, or a contraction in size or service. Not so for MCB. We continue to flourish. Last year’s performance is testimony to the belief that a local bank plays […] Read more
KNOXVILLE, TN — July 22, 2017 — Mountain Commerce Bancorp, Inc. (OTCQX: MCBI), the Knoxville, Tennessee-based bank holding company and parent of Mountain Commerce Bank (MCB), reported consolidated net income of $1.475 million for the second quarter of 2017, a 32 percent increase compared to $1.116 million for the second quarter of 2016. Earnings per […] Read more
KNOXVILLE, TN — April 27, 2017- Mountain Commerce Bancorp, Inc. (OTCQX: MCBI), the Knoxville, Tennessee-based bank holding company and parent of Mountain Commerce Bank (MCB), reported consolidated net income of $1.32 million for the first quarter of 2017, a 53 percent increase compared to $863,000 for the first quarter of 2016. Earnings per fully diluted […] Read more
KNOXVILLE, TN — April 7, 2017 — Mountain Commerce Bancorp, Inc. (OTCQX: MCBI), the Knoxville, Tennessee-based bank holding company and parent of Mountain Commerce Bank, announced the completion of the redemption of its 5% Series A Cumulative Convertible Redeemable Preferred Stock (Series A Preferred Stock) on March 31, 2017. Holders of the Series A Preferred […] Read more
KNOXVILLE, TN – March 1, 2017—Mountain Commerce Bancorp, Inc. (OTCQX: MCBI), a bank holding company and the parent of Knoxville-based Mountain Commerce Bank, began trading today on the OTCQX® Best Market under the ticker symbol “MCBI.” Investors in the U.S. can find current financial disclosure and Real-Time Level 2 quotes for the company at www.mcb.com. “As […] Read more
KNOXVILLE, TN— February 13, 2017— Mountain Commerce Bancorp, Inc., a bank holding company and the parent of Mountain Commerce Bank (MCB), reported consolidated net income of $1,138,000 for the fourth quarter of 2016, a 29 percent increase compared with $883,000 for the fourth quarter of 2015. Basic earnings per share for the quarter ending December […] Read more
