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 tax planning and compliance services to a wide variety of business organizations, individuals and industries.  His areas of expertise pertain primarily to federal and state income taxation of individuals, trusts, estates, non-profit organizations, partnerships, corporations and limited liability companies. He has also represented clients before the Internal Revenue Service.

In 1983, Yoakley co-founded Pershing Yoakley & Associates in Knoxville. Today, with 200 employees, the company provides comprehensive support in accounting, consulting and management to businesses nationwide from offices in Atlanta, Kansas City, Knoxville, Nashville and Tampa. Yoakley retired from the firm in 2014.

In 2005, he co-created PYA Waltman Capital and in October 2014 formally joined the registered investment advisory firm as a wealth management consultant. In this role, he concentrates on individual and business planning; estate, gift and trust planning and administration, including executor and trustee services; life insurance planning, and general finance consultation.

Yoakley received his bachelor’s degree in accounting from the University of Tennessee and is a CPA licensed by the State of Tennessee. He has served on many private company boards of directors, as well as civic organization boards, including Knox Area Rescue Ministries, Salvation Army, Knoxville Leadership Foundation, The Philadelphians, The Change Center, and Fellowship Church. He is a member of the American Institute of Certified Public Accountants, Knoxville Estate Planning Council, Bernstein Society Advisory Council for The University of Tennessee Medical Center, and the University of Tennessee Chancellor’s Associates.  He is also part-owner of the Knoxville Ice Bears professional hockey team, and several other local real estate and business ventures.

A resident of Knoxville for more than 50 years, Yoakley has been married to his wife Sara for 37 years, and has three grown children and two grandchildren.

“I look forward to working with Doug to accomplish our strategic objectives for the coming years,” said Bill Edwards, president and chief executive officer of Mountain Commerce Bank. “We are fortunate and excited to have someone with his insight serving on the MCB board. His extensive experience in, and knowledge of, finance and investing will be extremely valuable to our organization and our shareholders.”

For a high resolution image of Mr. Yoakley click here.

 

About Mountain Commerce Bancorp and its subsidiary Mountain Commerce Bank

Mountain Commerce Bancorp, Inc. is a bank holding company and the parent of Mountain Commerce Bank (MCB).

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 December 2016, MCB had $619.1 million in total assets and $541.1 million in total deposits. MCB currently employs more than 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.

Feb, 15, 2017

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