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CapitalMark Profits Continue

Chattanooga, TN - October 22, 2010 - results for the first nine months, 2010, announcing net income of $2,089,175 compared to $1,775,597 for the same period last year. Total assets increased to $436 million which represents a 13.8% increase over the same period last year and 11.4% year-to-date. Deposits increased 16.4% versus the same period last year and 12.1% year-to-date.

Although operating earnings remain solid, net income was down on a linked-quarter basis. Net income for the third quarter was $573,200; down from $833,518 the previous quarter, due to an increase in expenses related to Other Real Estate Owned.

“We are pleased to report positive results in spite of the challenging economy, ” said R. Craig Holley, CapitalMark’s Chairman, President and CEO. “The recession has impacted some of our borrowers, and we expect near-term, upward pressure on non-performing loans and charge-offs. As prudent and necessary, we have set aside an additional $1.65 million in loan loss provision year-to-date.

Asset quality measures for the quarter remained stable. Thirty-day past due loans, as a percentage of total loans, were .49%; and nonperforming assets, as a percentage of total assets, were 1.80%. industry averages. Capital ratios remain significantly above those for well-capitalized banks under applicable regulatory guidelines.Lastly, Holley noted, “We are extremely pleased with our recent 5-Star Rating by independent rating agency BauerFinancial, Inc. This is a timely validation of our conservative management in light of our significant growth, and we enjoy sharing the news with our clients and shareholders.

About CapitalMark Bank & Trust

CapitalMark Bank & Trust offers a wide range of banking and trust 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

Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forwardlooking statements are made based upon management’s belief as well as assumptions made by, and information currently available to, management pursuant to “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Our actual results may differ materially from the results anticipated in forward-looking statements due to a variety of factors, including governmental monetary and fiscal policies, deposit levels, loan demand, loan collateral values, securities portfolio values, interest rate risk management, the effects of competition in the banking business from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market funds and other financial institutions operating in our market area and elsewhere, including institutions operating through the Internet, changes in governmental regulation relating to the banking industry, including regulations relating to branching and acquisitions, failure of assumptions underlying the establishment of reserves for loan losses, including the value of collateral underlying delinquent loans, and other factors. We caution that such factors are not exclusive. We do not undertake to update any forward-looking statement that may be made from time to time by, or on behalf of, us.


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