CapitalMark Receives 9th Consecutive 5-Star Rating
Chattanooga, Tennessee – July 9, 2013 – CapitalMark Bank & Trust was once again awarded a 5-Star rating from independent rating and research firm BauerFinancial. The firm measures banks based on capital, asset quality, profitability and additional metrics that assess the strength, profitability and soundness of banks. 5-Star Ratings are only awarded to banks which are considered to be the strongest in the nation.
Banking Group President Kenny Dyer states, “We are pleased to note that this quarter marks our 9th consecutive 5-Star rating since opening our doors in 2007. CapitalMark’s experienced Banker Teams have proven to be high-performers as they remain focused on delivering personalized products and services to clients through a streamlined banking experience. We continue to expect strong future results as we are poised for growth.”
In 2012, CapitalMark opened full-service offices in two new Tennessee markets - Cleveland and Oak Ridge - and completed a capital raise. Thus far in 2013, CapitalMark has added two new Banker Teams to its Knoxville full-service office to deliver specialized banking products to enterprising businesses and individuals of the Knoxville community.
About BauerFinancial, Inc.:
BauerFinancial, Inc., based in Coral Gables, Florida, is the nation’s leading independent bank and credit union rating and research firm. It has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded.
About CapitalMark Bank & Trust:
CapitalMark Bank & Trust is a full-service commercial bank with four private client offices throughout East Tennessee to include Chattanooga, Cleveland, Knoxville and Oak Ridge. CapitalMark’s Banker Teams serve the needs of privately owned businesses, their owners and managers, as well as professionals, executives and their families. Services offered include mortgage and trust and wealth management. For more information, please visit: 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.