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.
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.