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423 756 7878

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423 478 6540

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865 329 3500

Oak Ridge
865 481 7800

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CapitalMark Selected for Small Business Lending Fund

Chattanooga, Tennessee – September 13, 2011 – CapitalMark Bank & Trust was recently selected to participate in the Small Business Lending Fund (SBLF) and will receive $18.2 million in capital to lend to businesses with revenues up to $50 million. The SBLF, a component of the Small Business Jobs Act, was established to encourage banks with assets under $10 billion to increase lending to small businesses, thus stimulating new jobs and boosting economic growth. Only 41% of banks that applied to participate in the program were approved.

Chairman, President and Chief Executive Officer Craig Holley states, “CapitalMark’s model is designed to deliver an enhanced level of advice and service to small businesses and their owners. We recognize that the well-being of our community is directly dependent on the vitality of small businesses and their ability to obtain capital to invest, expand and hire. We are pleased to have the opportunity to increase lending to this enterprising segment in the markets we serve.” Holley continues, “We anticipate that our participation will be good for clients and shareholders alike as it permits our bank to obtain affordable capital, increase lending and continue to grow our assets.”

CapitalMark is one of 130+ banks nationwide that has qualified for SBLF funding totaling approximately $1.8 billion. CapitalMark recently reported a 2nd quarter earnings increase of 14% over the same period 2010 and consistently out-performs its peers in metrics analyzing profitability, performance and stability.

 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.

 

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