CapitalMark Highlighted as Top Performer
Chattanooga, Tennessee – January 11, 2013 – CapitalMark Bank & Trust was recently featured as a bank to watch by American Banker, a highly-respected industry publication. The article appearing January 3rd and authored by Andy Peters, highlights four “banks to watch” from the 2007-8 de novo banking group, or banks that opened their doors just ahead of the financial crisis. The article notes that regulators approved 291 charters for new banks during that time. More than half of this group posted losses in 2010 and 54 banks are no longer operating. To contrast, CapitalMark reported its 15th consecutive quarter of increased earnings in September 2012 and within the past year, has expanded to serve four East Tennessee markets to include Chattanooga, Cleveland, Knoxville and Oak Ridge.
The full article may be viewed at www.capitalmark.com.
“We are pleased to be recognized for our performance, which is especially notable in light of on-going economic and regulatory pressures. Our success is directly attributed to our top caliber Banker Teams which are aligned one-on-one to each client for a highly advisory banking experience,” said Kenny Dyer, CapitalMark’s Banking Group Head. He continued, “It is further confirmation that CapitalMark’s success story is one that resonates with clients and industry experts alike. We fully anticipate that our model and talented team have created a strong foundation for the bank’s future success.”
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, Cleveland, Knoxville and Oak Ridge, Tennessee. Additional information about CapitalMark and its full line of products and services can be found at www.capitalmark.com.
About American Banker:
American Banker is the leading information resource serving the banking and financial services community. The daily print edition of American Banker was first published in 1835. Its online counterpart has been live since 1996. Together, these resources set the agenda for a fast-changing industry, keeping a close eye on large and small institutions, tracking traditional and insurgent forces, parsing the business models of diversified and specialist players. Additional information may be found at www.americanbanker.com.