CapitalMark Awarded Highest Rating for Strength & Stability
Chattanooga, Tennessee – October 18, 2013 – CapitalMark Bank & Trust was once again awarded a 5-Star Superior Rating for strength, stability and soundness by independent rating and research firm BauerFinancial. Measuring performance in areas of capital, asset quality and profitability, BauerFinancial only awards 5-Star ratings to banks that are considered to be the strongest in the nation.
Historically, CapitalMark has been one of the highest performers of de novo banks that opened their doors in 2007. Excelling in key capital and performance metrics, CapitalMark continues to operate well above regulatory capital requirements. The quarter ended June 30, 2013 marks the 10th consecutive quarter that CapitalMark has received the highest possible 5-Star Rating for performance.
With full-service offices in four East Tennessee markets, CapitalMark is approaching its one year anniversaries in Oak Ridge and Cleveland. Banking Group President Kenny Dyer states, “Receiving high performance honors like BauerFinancial’s 5-Star Rating reconfirms that our banking model is both efficient and effective. An equally important measure is the positive feedback we receive from our clients.” Dyer continued, “We proudly offer the businesses and individuals of East Tennessee local decision making, customized solutions, and one dedicated point of contact for all their banking needs. These facets of our model give the clients and businesses we serve the tools needed to meet their financial goals.”
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 BauerFinancial, Inc.:
BauerFinancial, Inc., based in Coral Gables, Florida, is the nation’s leading independent bank and credit union rating and research firm. It 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.
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.