CapitalMark Ranks 5th in Nation in Total Asset Growth
Over 170 new banks opened across the nation in 2007, only 4 exceeded total asset growth greater than CapitalMark
Chattanooga, TN - March 22, 2008 - Chattanooga-based CapitalMark Bank & Trust’s 2007 financial performance placed the bank in the top tier of all start-up banks in the United States for 2007. Over 170 banks opened across the country last year and CapitalMark’s first year total asset growth of over $156 million ranked the bank at #5 in the nation.
"By all accounts, 2007 was an outstanding first year for CapitalMark and our success was achieved in only 10 months of operation," said R. Craig Holley, Chairman, President and Chief Executive Officer. "Guided by our vision-to offer a close relationship with clients and to out execute competitors day after day-we achieved record results."
Both loan and deposit growth significantly exceeded projections and net income reflected a positive variance of over $500,000. CapitalMark opened on March 5, 2007 in Chattanooga followed by the opening of the Knoxville location on November 5, 2007. CapitalMark’s total assets now exceed $200 million.
"As we celebrate our first year anniversary we know success is only possible with a strong, motivated team and we are confident that our bankers are the best in the business," said Holley. "CapitalMark’s accomplishments are driven by our ability to provide superior service, delivered by experienced bankers.
About CapitalMark Bank & Trust
CapitalMark Bank & Trust offers a wide range of banking services to businesses and individuals. Founded March 5, 2007, CapitalMark has locations in Chattanooga and Knoxville. Additional information about CapitalMark and its full line of products and services can be found at www.capitalmark.com.
Emily Crisp 423.386.2692