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 — August 3, 2017 — As part of its mission to continuously elevate the promise of Responsive Relationship Banking, Mountain Commerce Bank (MCB) today announced the promotion of a key team member and the addition of four new employees to its staff. Daniel Cheng has been promoted by MCB to bank officer and […] 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 — June 9, 2017 — Mountain Commerce Bank (OTCQX: MCBI) today announced the promotions of two staff members to key regulatory oversight positions. Phillip G. Wampler has been elevated to senior vice president and chief compliance officer, and Kelli R. Harris has been appointed as vice president, Banking Secrecy Act and anti-money laundering […] Read more
KNOXVILLE, TN — May 12, 2017 — Mountain Commerce Bank (OTCQX: MCBI) announced that Michael J. Saporito II, first vice president and relationship manager, has been elected to the board of directors of the Young Bankers Division of the Tennessee Bankers Association. Saporito will serve a three-year term on the board. The Tennessee Bankers Association […] 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 14, 2017 — The boards of directors of Mountain Commerce Bancorp, Inc. and its subsidiary, Mountain Commerce Bank (MCB), have announced the addition of Douglas A. Yoakley to both the holding company and bank boards. With more than 38 years of public practice, Yoakley, a certified public accountant (CPA), has provided […] Read more
KNOXVILLE, TN — February 9, 2017 — The board of directors of both Mountain Commerce Bancorp, Inc. and its subsidiary, Mountain Commerce Bank (MCB), announced the resignation of Mark R. Ruh from the holding company and bank boards. Ruh has accepted a new position with a bank in Seattle, Washington. A director of Mountain Commerce […] Read more
