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.
David Bradshaw Joins CapitalMark
Knoxville, TN – June 17, 2011 – CapitalMark Bank & Trust announces the addition of David Bradshaw as Executive Vice President and Director of Client Services effective June 13, 2011. Bradshaw will be assisted by Julie Goeke to form the newest CapitalMark Banker Team serving the financial needs of clients in East Tennessee with specific focus in the Oak Ridge and Anderson County market.
CapitalMark Once Again Receives Superior Rating
Chattanooga, Tennessee – June 8, 2011 – CapitalMark Bank & Trust of Chattanooga, Tennessee is once again a recipient of the BauerFinancial Five-Star Superior Rating. Qualifications for a five-star rating require positive results in areas measuring performance, strength and stability. Because of its superior rating, CapitalMark was featured in BauerFinancial’s recommended Bank Report, a report that only recognizes institutions which are “financially sound and operating well above its regulatory capital requirements”. CapitalMark continues to rank nationally as a top-performing bank launching in 2007 and recently reported increased earnings for the first quarter of 2011.
CapitalMark Reports First Quarter Earnings Increase
Chattanooga, Tennessee – April 28, 2011 – CapitalMark Bank & Trust today reported earnings for the first quarter ended March 31, 2011.
FIRST QUARTER HIGHLIGHTS:
· Net Income was $718,302 increasing 4.8% over the first quarter 2010.
· Total Assets were $491 million representing a 20.5% increase from first quarter 2010.
· Deposits totaled $434.2 million, a 24.6% increase over first quarter 2010.
· Non-Performing Assets to Total Assets Ratio decreased to 1.9% from 2.5% in fourth quarter 2010.
Banker Brian Paris Joins CapitalMark
Chattanooga, TN – April 1, 2011 – CapitalMark Bank & Trust is pleased to announce the addition of veteran banker Brian Paris. Paris officially assumed the role of Director of Client Services Monday, March 28th, and has been paired with Sheena Hobbs to form CapitalMark’s newest Banker Team. The CapitalMark model dedicates a Banker Team per client to streamline and simplify banking. The Paris Team is one of five that manages Chattanooga client relationships.
CapitalMark Bank & Trust Reports Record Earnings for 2010
Chattanooga, TN – January 27, 2011 – CapitalMark Bank & Trust today reported earnings for the fourth quarter and year ended December 31, 2010.
CapitalMark Profits Continue
Chattanooga, TN - October 22, 2010 - results for the first nine months, 2010, announcing net income of $2,089,175 compared to $1,775,597 for the same period last year. Total assets increased to $436 million which represents a 13.8% increase over the same period last year and 11.4% year-to-date. Deposits increased 16.4% versus the same period last year and 12.1% year-to-date.
Five Star Rating for CapitalMark
Chattanooga, TN - August 6, 2010 - announces that CapitalMark Bank & Trust, Chattanooga, Tennessee has earned its highest 5-Star Superior rating for strength and stability. The past few years have been extremely difficult for the banking industry and the fact that CapitalMark Bank & Trust continues to excel in such areas as capital adequacy, delinquent loan levels and profitability, clearly indicates it is one of the strongest banks in the country.
CapitalMark profits double
Chattanooga, TN - July 22, 2010 - Chattanooga-based CapitalMark Bank & Trust reported results for the first six months, 2010, announcing net income of $1,515,975 compared to $726,678 for the same period last year. Total assets increased to $414 million which represents a 9.8% increase over the same period last year and 5.6% year-to-date. Deposits increased 9.4% versus the same period last year and 5.4% year-to-date.
CapitalMark reports $3 million record profit
Chattanooga, TN - January 15, 2010 - Chattanooga-based CapitalMark Bank & Trust reported net income for the year totaling $3,022,097. This compares to a loss of over $1.7 million the previous year. The bank recorded a profit of 1,246,501 in the fourth quarter. Total assets increased to $391.9 million, which represents a 16.70% improvement over 2008. Deposits increased 18.10%, ending the year at $335.6 million.