CapitalMark Offering 1,000,000 Additional Shares
Chattanooga, TN - August 16, 2006 - “Our original offering of 2,500,000 shares was oversubscribed in record time, an indication that the market has faith in our management team and business model,” said R. Craig Holley, Chairman, President and Chief Executive Officer.
“We have sought and received regulatory approval to re-open our Offering for the additional shares. We believe it is in the best interest of the Bank, its shareholders and customers to provide additional capital to support the Bank’s growth in its projected markets.”
Any person who has subscribed to shares of Stock in the prior offering will have the right to increase (subject to the availability of shares), rescind or decrease (subject to minimum purchase requirements) his or her subscription. The deadline for any changes is September 1, 2006. A subscriber who does not wish to make any change need not do anything. New subscribers must execute a Subscription Agreement and deliver to the Bank no later than September 15, 2006. Subscribers during this amended offering will be prioritized based on subscription amount and in-market subscribers. The Amended Offering Circular and Subscription agreement are available for viewing and download at www.capitalmark.com.
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