MCB: A History of Innovation; Solid Foundation for the Future

In 2005, Bill Edwards, Jim Friddell, and the Mountain Commerce Bancorp board of directors had the vision to develop one of the fastest growing, state-chartered banks within the state of Tennessee.

In early 2006, Bill and Jim raised $35 million in capital for the new bank holding company, setting a state record. The fact that they worked out of a one-room office with very few operational capabilities was of no consequence. They had the foresight and ambition that initial investors were looking for in a bank. Their business plan proved to be one of accelerated growth coupled with a sound strategic plan. Mountain Commerce Bancorp was born.

On September 1, 2006, Mountain Commerce Bancorp acquired Erwin National Bank (ENB) and set up headquarters in the 96-year-old bank in Erwin. Established in 1910, Erwin National Bank was the market leader in Erwin and Unicoi County. Its management team had grown market share and capitalized on the financial needs of the consumers and businesses in Unicoi County. When Mountain Commerce Bancorp acquired Erwin National Bank, total assets for the company were approximately $80 million.

By the end of December 2006, MCB opened a new location in Johnson City and grew total assets to $122 million. The company continued to exceed the aggressive growth goals over the next few months and as of August 2007, MCB had over 90 employees with $250 million in total assets.

In 2006, the initial brand and image for Mountain Commerce Bancorp was established. An acorn was featured in the logo, representing both an established company like Erwin National Bank and one that is positioned for future growth. Upon further evaluation in 2007, the acorn was transformed into a golden key, which represented the image of MCB within the banking industry. It signifies security, strength, and access to financial success. The personality, brand, and image of MCB was solidified in 2007 with the inclusion of the golden key.

In 2007, Mountain Commerce Bancorp opened locations in Knoxville and Seymour, followed by Bristol Highway in July 2007. MCB also hired some of the top talent in the regional banking industry during 2007, ensuring the company’s continued expansion and success.

At the end of June 2009, MCB had $335 million in Total Assets and $291 million in Total Deposits. MCB currently employs more than 80 individuals at six branches and one operations office. For more information, visit www.mcb.com or check your account anytime at 1-866-MCB-1910.

The founders of Mountain Commerce Bancorp could not have envisioned the company would achieve such a rapid level of growth so early in its development. The exceptional employee base and sound company strategy ensures that MCB will achieve its goals in both the short and long term.