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.
R. Craig Holley, CapitalMark’s Chairman, President and Chief Executive Officer, commented, “Our recent financial performance and the strength of our balance sheet have allowed us the opportunity to offer this special dividend to our stockholders. The Board of Directors appreciates the commitment demonstrated by our stockholders. Our entire team remains focused on the decisions and practices which will drive the long-term value of our bank.”
Mr. Holley noted, “We remain committed to organic growth by attracting high-performing Banker Teams and providing them with the best tools to serve clients. Our business in Chattanooga and Knoxville continues to grow, and we anticipate like results from our teams in Oak Ridge and Cleveland, with those offices opening early this year.”
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 and Knoxville and received regulatory approval to open offices in Oak Ridge and Cleveland, TN. Additional information about CapitalMark and its full line of products and services can be found at www.capitalmark.com.
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.