Category: ‘Notices’

Mountain Commerce Bancorp, Inc. Announces the Redemption of Its 5% Series A Cumulative Convertible Redeemable Preferred Stock

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

Douglas A. Yoakley Appointed to the Mountain Commerce Bancorp and Mountain Commerce Bank Boards of Directors

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

Feb, 15, 2017

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Mountain Commerce Bancorp, Inc. Announces Strong Earnings for 2016

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

Mountain Commerce Bank Announces Board Resignation

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

Feb, 09, 2017

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Mountain Commerce Bancorp, Inc. Completes Stock Offering

Mountain Commerce Bancorp, Inc., the holding company of Mountain Commerce Bank, announced that on December 29, 2016 it completed a private placement of common stock yielding gross proceeds of $20,000,004. The company issued 1,666,667 shares at $12.00 per share.

Mountain Commerce Bank Launches Enhanced Website and Mobile App

KNOXVILLE, TN—November 12, 2016 — As part of its continual effort to deliver the latest in banking technology for clients, Mountain Commerce Bank (MCB) recently launched new versions of both its website and its mobile app. The upgrades, developed with the financial needs and lifestyles of today’s MCB customers in mind, provide faster and more […] Read more

Nov, 11, 2016

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Mountain Commerce Bank Announces Third Quarter 2016 Earnings

KNOXVILLE, TN—October 25, 2016— Mountain Commerce Bank (MCB) announced net income of $3,471,000 for the first nine months of the year. For the quarter, earnings were $1,232,000.
 
”I am pleased to report accelerating earnings growth for the quarter ending September 30, 2016,” said Bill Edwards, president and chief executive officer of Mountain Commerce Bank. “We continue to have […] Read more

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Mountain Commerce Bank Announces Second Quarter 2016 Earnings

KNOXVILLE, TN—July 26, 2016— Mountain Commerce Bank (MCB) announced net income of $2,239,000 for the first six months of the year. “I am pleased to report accelerating earnings growth for the quarter ending June 30, 2016,” said Bill Edwards, president and chief executive officer of Mountain Commerce Bank. “We have seen solid loan and deposit growth in […] Read more

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Mountain Commerce Bank Announces New Hire and Promotion

KNOXVILLE, TN – June 14, 2016 – Mountain Commerce Bank (MCB) announced today the addition of a new banking specialist and the promotion of another key member of the team in Knoxville. Nellie Dunn has joined the MCB team as vice president and senior treasury management specialist. Dunn, who brings nearly 20 years of experience […] Read more

Jun, 14, 2016

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Mountain Commerce Bank Announces Solid Earnings for the First Quarter 2016

KNOXVILLE, TN — May 3, 2016 — Mountain Commerce Bank (MCB) announced net income of $995,000 for the first three months of the year.
 
”I am pleased to report solid earnings growth for the quarter ending March 31, 2016,” said Bill Edwards, president and chief executive officer of Mountain Commerce Bank. “Our earnings and asset growth continues to […] Read more

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