Mountain Commerce Bank Promotes Pair to Regulatory Oversight Roles

Phillip Wampler

Phillip G. Wampler

Barbara Broshears

Barbara Broshears

KNOXVILLE, TN — June 9, 2017 — Mountain Commerce Bank (OTCQX: MCBI) today announced the promotions of two staff members to key regulatory oversight positions. Phillip G. Wampler has been elevated to senior vice president and chief compliance officer, and Kelli R. Harris has been appointed as vice president, Banking Secrecy Act and anti-money laundering (BSA/AML) officer. The announcements were made by William E. “Bill” Edwards III, Mountain Commerce Bank (MCB) president and chief executive officer.

Wampler joined MCB in 2016, and has more than 37 years of experience in financial services. As senior vice president and chief compliance officer, he succeeds Barbara Broshears who has announced her retirement following a distinguished 10-year career with MCB.

In his new role, Wampler is responsible for ensuring MCB adheres to all applicable federal and state laws and regulations, including those concerning community reinvestment, deposits, lending, and marketing operations.

Prior to joining MCB, Wampler held senior leadership positions with several community banks in East and Northeast Tennessee. He earned a bachelor’s degree in business administration and finance from East Tennessee State University, and has successfully completed the American Bankers Association’s Compliance School, as well as its Graduate Compliance School.

Kelli Harris

Kelli R. Harris

Harris also joined MCB in 2016. She has more than 20 years of banking experience in information technology management, information security, identity theft prevention, Banking Secrecy Act compliance, and operations. She is a graduate of Walters State Community College and the Tennessee School of Banking, and recently completed the BSA/AML professional certification program sponsored by the Independent Community Bankers of America.

In her new role, Harris oversees regulatory compliance pertaining to the federal Banking Secrecy Act as well as the government’s anti-money laundering laws. She also supervises the bank’s enterprise risk management, business continuity and vendor management programs.

“At MCB, we are very fortunate to have the deep bench strength that allows us to promote individuals like Phil and Kelli from within,” Edwards said. “Their talent and experience provides us with great confidence and the opportunity for a smooth transition when it comes to critical matters like regulatory compliance.”

 

About Mountain Commerce Bancorp, Inc. and Mountain Commerce Bank

Mountain Commerce Bancorp, Inc., which trades on the OTCQX marketplace under the symbol 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 May 2017, MCB had $675.8 million in total assets and $588.3 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.

SHARE THIS