CapitalMark Once Again Receives Superior Rating
Chattanooga, Tennessee – June 8, 2011 – CapitalMark Bank & Trust of Chattanooga, Tennessee is once again a recipient of the BauerFinancial Five-Star Superior Rating. Qualifications for a five-star rating require positive results in areas measuring performance, strength and stability. Because of its superior rating, CapitalMark was featured in BauerFinancial’s recommended Bank Report, a report that only recognizes institutions which are “financially sound and operating well above its regulatory capital requirements”. CapitalMark continues to rank nationally as a top-performing bank launching in 2007 and recently reported increased earnings for the first quarter of 2011.
About BauerFinancial
BAUERFINANCIAL, INC., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain star ratings by visiting www.bauerfinancial.com.
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 www.capitalmark.com.
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 forward-looking 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.