CapitalMark Earnings Jump 27%
Chattanooga, Tennessee – January 29, 2015 – CapitalMark Bank & Trust today reported earnings for the year ended December 31, 2014. Net income for the year ended 2014 was $7.4 million, an increase of 27% from year end 2013. Net income per fully diluted common share increased 28% from year ending 2013 to $0.92.
CapitalMark Ranks 16th in Nation in Small Business Lending Fund Growth
Chattanooga, Tennessee – January 9, 2015 – CapitalMark Bank & Trust ranks No. 16 in the nation for highest growth in qualified small business lending out of a field of 281 SBLF (Small Business Lending Fund) bank participants. The SBLF program is a component of the Small Business Jobs Act established in 2010 to encourage banks with assets under $10 billion to increase lending to small businesses. Only 41% of banks that applied to participate in the program were selected based on asset size and positive indicators of strength, stability and performance.
HOLLEY APPOINTED AND McWILLIAMS REAPPOINTED TO THE FEDERAL RESERVE BANK OF ATLANTA’S NASHVILLE BRANCH BOARD OF DIRECTORS
R. Craig Holley, chairman president and chief executive officer of CapitalMark Bank and Trust, has been appointed and Scott McWilliams, executive chairman of the board of Ozburn-Hessey Logistics LLC (OHL), has been reappointed to the Nashville Branch’s board of directors. Their terms begin Jan. 1, 2015, and run through Dec. 31, 2017.
CapitalMark Cleveland Invests in Local Organizations
Cleveland, Tennessee – December 23, 2014 – Local leaders of CapitalMark Bank & Trust have selected three non-profit organizations to receive financial support - Bradley Cleveland Public Education Foundation, The Caring Place and Habitat for Humanity of Cleveland. CapitalMark’s Cleveland President Keith Barrett and Advisory Board Members Matt Bentley, Cathy Boettner, Brian Collins, Garry Rodgers and Stephen Wright selected these three organizations based on their missions, careful management, broad impact to the community and alignment with the Bank’s values.
CapitalMark Lands 14th Consecutive 5-Star Rating
Chattanooga, Tennessee – November 3, 2014 – CapitalMark Bank & Trust has once again been awarded a 5-Star Rating from BauerFinancial, Inc., marking the bank’s 14th consecutive quarter to be recognized as a lead performer. BauerFinancial, an independent research and rating firm based in Coral Gables, Florida, has been analyzing and reporting on the performance of financial institutions since 1983. BauerFinancial uses key performance ratios to analyze banks and credit unions, and only awards 5-Star Ratings to institutions it considers to be the strongest in the nation.
POODLE Vulnerability in SSL Protocol
A vulnerability was recently discovered in the Secure Sockets Layer (SSL) cryptographic protocol of Internet Explorer (I.E.) known as Padding Oracle on Downloaded Legacy Encryption (POODLE). The SSL certificate was designed to ensure a secure connection and encrypt data transmitted from a web server to a browser. The POODLE flaw makes encrypted data transmitted through SSL enabled browsers vulnerable to extraction and decryption of data transmitted.
CapitalMark Third Quarter Earnings Up 20%
Chattanooga, Tennessee – October 23, 2014 – CapitalMark Bank & Trust today reported earnings for the third quarter ended September 30, 2014. Net income for the quarter was $1.52 million compared to $1.27 million for the same quarter 2013. Net income for the nine months ended was $4.8 million, an increase of 32% from the same period in 2013. Net income per fully diluted common share increased 33% from the same nine month period last year to $0.60.
CapitalMark Promotes Cyber Security Awareness Month
Chattanooga, Tennessee – October 3, 2014 – CapitalMark Bank & Trust is supporting National Cyber Security Awareness Month (NCSAM), which is recognized every October to ensure consumers have the education and resources they need to protect their personal information. In observance of NCSAM, CapitalMark is sharing best practices and valuable tips on how to prevent identity theft, protect sensitive information and account access, and bank safely and securely from a computer or mobile device. Visit CapitalMark.com weekly for hot topics, best practices, and recent threats related to cybersecurity.
Home Depot Data Breach
On September 2nd, 2014, Home Depot reported that payment card information of approximately 60 million customers has been breached from transactions that occurred in stores from April 2014 until September 2014. There is no evidence at this time that the breach impacts customers who shopped online at HomeDepot.com.
CapitalMark's Advantage Forum Focuses on Small Business Owners
Chattanooga, Tennessee – September 15, 2014 – CapitalMark Bank & Trust recently announced the launch of the CapitalMark Advantage Forum, an advisory series designed to guide clients and friends on how to strategically enhance and protect their personal wealth and business success. The series is one of many ways CapitalMark seeks to provide the ultimate banking experience to clients.
Local Bankers Move to CapitalMark
Knoxville, Tennessee – August 13, 2014 – CapitalMark Bank & Trust announces the addition of a new Banker Team comprised of local bankers Josh R. Hopkins, M. Brandon Hackett and Cameron M. Puckett. The new Banker Team will be based in CapitalMark’s Knoxville office located in the historic U.S. Post Office building downtown. Hopkins, Hackett and Puckett have extensive banking experience at regional financial institutions.