Trust Veteran Sandy Chambers Joins CapitalMark
Chattanooga, Tennessee – June 8, 2015 – CapitalMark Bank & Trust announces the addition of Sandy Chambers as executive vice president and director of wealth and trust services. She will join CapitalMark’s Phil Barnes in delivering comprehensive wealth management and trust administration services to help clients build and maintain wealth for generations.
Beware of Phishing Scams Related to CapitalMark's Proposed Merger with Pinnacle Financial Partners
On April 7th, CapitalMark announced its intent to merge with Nashville-based Pinnacle Financial Partners. Bank mergers can create an opportunity for fraudsters to target bank clients by purporting to represent either institution and collecting sensitive account information or access to online accounts.
PINNACLE FINANCIAL PARTNERS ANNOUNCES AGREEMENT TO ACQUIRE CAPITALMARK BANK & TRUST
Pinnacle expands to high-growth Chattanooga market
Accretive to firm’s operating earnings in first year
Webcast to begin at 9:00 a.m. CDT
April 8, 2015
Presentation and streaming audio: http://www.pnfp.com
Audio only: 1-877-602-7944
NASHVILLE and CHATTANOOGA, Tenn., April 7, 2015 – Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) (“Pinnacle”) and CapitalMark Bank & Trust (“CapitalMark”) jointly announced today the signing of a definitive agreement for Pinnacle to acquire CapitalMark via merger. The proposed merger of CapitalMark with and into Pinnacle has been approved by each company’s Board of Directors and is expected to close late in the third quarter or early in the fourth quarter of 2015. Completion of the transaction is subject to satisfaction of customary closing conditions, including the receipt of required regulatory approvals and the approval of CapitalMark’s shareholders.
CapitalMark / Pinnacle Merger Client Q&A
On April 7, CapitalMark announced our intent to merge with Nashville-based Pinnacle Financial Partners. You can read the full news release here.
At this point there is very little impact to you. However, after regulatory approval and much planning for the conversion, we anticipate completing our change to Pinnacle Financial Partners in April 2016. In the coming months, we will communicate with you in greater detail about the conversion of your accounts to Pinnacle.
CapitalMark Loans Grow $48 Million in the First Quarter; Net Income Up 37%
Chattanooga, Tennessee – April 6, 2015 – CapitalMark Bank & Trust today reported earnings for the quarter ended March 31, 2015. Net income for the quarter ending March 2015 was $2.3 million, an increase of 37% from the same quarter in 2014. Net income per fully diluted common share increased 38% from first quarter 2014 to $0.29.
“CapitalMark had a strong first quarter in 2015, fueled by loan and non-interest bearing deposit growth. Loans grew 24% year-over-year while non-interest bearing deposits grew 31% over the same period. With $968 million in total assets, we continue to build core earnings capacity and an operating profile that positions CapitalMark well for the future,” said R. Craig Holley, CapitalMark’s Chairman, President and CEO.
CapitalMark Earnings Jump 27%
Chattanooga, Tennessee – January 29, 2015 – CapitalMark Bank & Trust today reported earnings for the year ended December 31, 2014. Net income for the year ended 2014 was $7.4 million, an increase of 27% from year end 2013. Net income per fully diluted common share increased 28% from year ending 2013 to $0.92.
CapitalMark Ranks 16th in Nation in Small Business Lending Fund Growth
Chattanooga, Tennessee – January 9, 2015 – CapitalMark Bank & Trust ranks No. 16 in the nation for highest growth in qualified small business lending out of a field of 281 SBLF (Small Business Lending Fund) bank participants. The SBLF program is a component of the Small Business Jobs Act established in 2010 to encourage banks with assets under $10 billion to increase lending to small businesses. Only 41% of banks that applied to participate in the program were selected based on asset size and positive indicators of strength, stability and performance.
HOLLEY APPOINTED AND McWILLIAMS REAPPOINTED TO THE FEDERAL RESERVE BANK OF ATLANTA’S NASHVILLE BRANCH BOARD OF DIRECTORS
R. Craig Holley, chairman president and chief executive officer of CapitalMark Bank and Trust, has been appointed and Scott McWilliams, executive chairman of the board of Ozburn-Hessey Logistics LLC (OHL), has been reappointed to the Nashville Branch’s board of directors. Their terms begin Jan. 1, 2015, and run through Dec. 31, 2017.
CapitalMark Cleveland Invests in Local Organizations
Cleveland, Tennessee – December 23, 2014 – Local leaders of CapitalMark Bank & Trust have selected three non-profit organizations to receive financial support - Bradley Cleveland Public Education Foundation, The Caring Place and Habitat for Humanity of Cleveland. CapitalMark’s Cleveland President Keith Barrett and Advisory Board Members Matt Bentley, Cathy Boettner, Brian Collins, Garry Rodgers and Stephen Wright selected these three organizations based on their missions, careful management, broad impact to the community and alignment with the Bank’s values.
CapitalMark Lands 14th Consecutive 5-Star Rating
Chattanooga, Tennessee – November 3, 2014 – CapitalMark Bank & Trust has once again been awarded a 5-Star Rating from BauerFinancial, Inc., marking the bank’s 14th consecutive quarter to be recognized as a lead performer. BauerFinancial, an independent research and rating firm based in Coral Gables, Florida, has been analyzing and reporting on the performance of financial institutions since 1983. BauerFinancial uses key performance ratios to analyze banks and credit unions, and only awards 5-Star Ratings to institutions it considers to be the strongest in the nation.
POODLE Vulnerability in SSL Protocol
A vulnerability was recently discovered in the Secure Sockets Layer (SSL) cryptographic protocol of Internet Explorer (I.E.) known as Padding Oracle on Downloaded Legacy Encryption (POODLE). The SSL certificate was designed to ensure a secure connection and encrypt data transmitted from a web server to a browser. The POODLE flaw makes encrypted data transmitted through SSL enabled browsers vulnerable to extraction and decryption of data transmitted.