Knoxville, Tennessee, January 22, 2024 – Mountain Commerce Bancorp, Inc. (the “Company”) (OTCQX: MCBI), the holding company for Mountain Commerce Bank (the “Bank”), today announced results and related data as of and for the three and twelve months ended December 31, 2023.

The Company also announced today that its Board of Directors declared a quarterly cash dividend of $0.08 per common share, its thirteenth consecutive quarterly dividend. The dividend is payable on March 1, 2024 to shareholders of record as of the close of business on February 5, 2024.