CapitalMark Declares First Common Stock Dividend
Chattanooga, Tennessee – February 23, 2012 – CapitalMark Bank & Trust announced today that the Board of Directors authorized a $.05 per share special one-time common stock dividend to be paid to stockholders of record at the close of business on February 23, 2012. The dividend is payable on March 15, 2012.
CapitalMark Reports Earnings Increase
Chattanooga, Tennessee – January 26, 2012 – CapitalMark Bank & Trust today reported net income of $1.132 million for the quarter, an increase of 8.53% over the fourth quarter 2010. For the year-ended, net income was $3.401 million increasing 8.59% over the prior year. As a new bank, CapitalMark became taxable in 2011. On a pre-tax basis, to provide a meaningful comparison to the prior year, earnings increased 54.19%.
CapitalMark Achieves Small Business Lending Fund Success
Chattanooga, Tennessee – January 12, 2012 – CapitalMark Bank & Trust announces successful initial deployment of capital received through the Small Business Lending Fund (SBLF) with a 15% increase in lending as stated in a recent release by the Treasury. CapitalMark received a total of $18.2 million 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 were approved with criteria based upon strength, stability and performance.
CapitalMark Records Earnings Increase
Chattanooga, Tennessee – October 27, 2011 – CapitalMark Bank & Trust today reported net income of $604,785 for the quarter, an increase of 5.41% over the third quarter 2010; for the nine-months ended, net income was $2.269 million, increasing 8.62% over the same period last year.
Andy Boyer Joins CapitalMark
Knoxville, TN – October 5, 2011 - CapitalMark Bank & Trust announces that Andy Boyer joins its Knoxville office as Executive Vice President and Director of Client Services serving the Oak Ridge and Maryville markets. “Experience tells me that clients are seeking an advisory relationship when it comes to banking, especially during tough economic times. Clients appreciate when their needs can be assessed and solved at a local level with solutions tailored specifically to them. By aligning one banker team per client and using both technology and courier services, the CapitalMark model simplifies and customizes the client’s banking experience,” Boyer reports.
Phil Barnes Leading CapitalMark’s Wealth & Trust Group
Chattanooga, TN – September 16, 2011 – CapitalMark Bank & Trust announces the addition of Phil Barnes who will lead CapitalMark’s Wealth & Trust group, which is approaching $100 million in total assets. Barnes stated: “CapitalMark’s model is oriented toward clients seeking a private-bank experience, and the Trust group is a perfect complement. Clients who require comprehensive advice regarding planning, estate or trust services will be well-served by a seasoned team collectively holding over 150 years’ industry experience and anchored by veteran advisor Al Secor. In an environment of bank consolidation, there is opportunity for both clients and our bank in the Trust arena. We continue to deliver a Wealth & Trust experience like the days of-old when consultations were in person and client relationships were cultivated over decades. Further, our approach in Wealth & Trust mirrors the close, advisory client experience delivered by our Banker Teams.”
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.
CapitalMark Hires Terry Wilson
Chattanooga, TN – September 2, 2011 – CapitalMark Bank & Trust announces the addition of veteran banker Terry Wilson, who assumes the role of Director of Client Services. The CapitalMark model aligns one banker per client and relies heavily on the use of executive courier services and technology to enhance the clients’ banking experience. “Many banks offer one-size-fits-all products when, in actuality, clients have unique financial needs. CapitalMark’s bankers take time to get to know their clients, fully assess their banking needs and create tailored solutions,” said Wilson.
Cleveland Bankers Join CapitalMark
Chattanooga, TN – September 1, 2011 – Cleveland-based bankers Pam Caprara and John Moses join CapitalMark as it expands into the Cleveland market pending regulatory approval. The two longtime bankers assume their roles as Directors of Client Services reporting to Keith Barrett, CapitalMark’s Cleveland President.
Keith Barrett Leads CapitalMark’s Cleveland Expansion
Chattanooga, TN – August 23, 2011 – CapitalMark Bank & Trust is pleased to announce the addition of Keith Barrett as its Cleveland President. In this role Mr. Barrett and his Banker Teams will launch CapitalMark’s full-service office in Cleveland, Tennessee pending regulatory approval. CapitalMark’s Banker Teams serve the needs of enterprising individuals and businesses within a model that aligns one banker to each client and employs technology and an executive courier service to customize the banking experience.
CapitalMark Earnings Jump 14%
Chattanooga, Tennessee – July 28, 2011 – CapitalMark Bank & Trust today reported net income per fully diluted common share was $0.14 for the quarter ended June 30, 2011, compared to $0.12 for the quarter ended June 30, 2010.