Mountain Commerce Bancorp, Inc. Taps David A. Bright for CFO Role

KNOXVILLE, TN — March 6, 2020 — Mountain Commerce Bancorp, Inc. (OTCQX: MCBI) announced today that David A. Bright has been named executive vice president and chief financial officer (CFO) of both the Knoxville-headquartered bank holding company and its subsidiary, Mountain Commerce Bank (MCB). The announcement was made by Bill Edwards, the company’s president and chief executive officer.

During his 27-year career, Bright, a certified public accountant, has held leadership and executive roles—six years as both the CFO and treasurer of a publicly traded bank in North Carolina and before that for 21 years with KPMG, one of the Big 4 accounting firms. Seven of Bright’s 21 years at KPMG were as a financial services partner.

“We’re delighted to add David to our organization,” said Edwards. “He brings passion and enthusiasm—along with his talent and experience—to the CFO role, and we are excited about the contributions he will make as a member of our leadership team.”

In his most-recent role, Bright led the North Carolina bank’s initial public offering process, doubled the size of the company through organic growth and acquisitions, transformed the Finance and Treasury functions and provided meaningful contributions to the organization’s overall strategy.

Bright has a bachelor’s degree in accounting and a master’s degree in theology. He assumed his new responsibilities on March 2. His office is located at MCB’s Bearden headquarters in Knoxville.

Former CFO Marie Patterson remains with MCB as a key member of the senior management team. She will serve as Director of Accounting, facilitating necessary financial reporting and management. She reports to Bright.

 

About Mountain Commerce Bancorp, Inc. 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, 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 31, 2019, MCB had $906.7 million in total assets and $761.3 million in total deposits.

MCB currently employs 83 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.

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