Mountain Commerce Bank First Vice President Elected to Statewide Banking Board

KNOXVILLE, TN — May 12, 2017 — Mountain Commerce Bank (OTCQX: MCBI) announced that Michael J. Saporito II, first vice president and relationship manager, has been elected to the board of directors of the Young Bankers Division of the Tennessee Bankers Association. Saporito will serve a three-year term on the board.

The Tennessee Bankers Association (TBA) is a non-profit organization representing Tennessee’s commercial banks and thrift institutions. The Young Bankers Division focuses on preparing the state’s young bank officers to be the industry’s next generation of leaders.

“I am honored to be elected to the board of the TBA Young Bankers Division, and to represent and support my colleagues in East Tennessee,” Saporito said. “The Young Bankers Division has an outstanding record of providing the professional development skills bankers need to become effective and influential leaders in their banks and their communities. I look forward to continuing that tradition.”

Saporito joined Mountain Commerce Bank (MCB) following his graduation from the University of Tennessee – Chattanooga where he earned a bachelor’s degree in finance and was a varsity athlete. During his 10-year career with the bank, he has gained experience in treasury management, information technology, and commercial lending. He currently oversees a large commercial and private banking portfolio, working from the bank’s Bearden Financial Center headquarters.

In addition to his new role on the Young Bankers Division board, Saporito also serves on the Boys and Girls Club of the Tennessee Valley advisory board and is a regular volunteer with Habitat for Humanity.

 

About Mountain Commerce Bancorp, Inc. and Mountain Commerce Bank

Mountain Commerce Bancorp, Inc. (OTCQX: MCBI) is a bank holding company and the parent of Mountain Commerce Bank (MCB). Both are headquartered in Knoxville, Tennessee where MCB serves East Tennessee with five locations across Knox, Washington, and Unicoi counties.

MCB operates and competes with a team dedicated to Responsive Relationship Banking, and offers the latest in banking technology that clients have come to expect. Its mission is to grow and prosper, building long-term customer connections based on top-quality service, high ethical standards, and core-funded, safe and sound assets.

To that end, MCB bases its operations and decisions on the fundamental principles defined by its eight core values: Integrity, Excellence, Leadership, Communication, Reality, Accountability, Teamwork, and Consideration.

MCB believes that these values provide the appropriate framework to structure an organization that will meet the service needs of its customers, the performance requirements of its shareholders, and the regulatory standards of its authorities.

At the end of April 2017, MCB had $663.9 million in total assets and $568.1 million in total deposits. MCB currently employs approximately 75 individuals at five branches and one operations center. 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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