CapitalMark Reports Record $1 Million Profit
Chattanooga, TN - October 8, 2009 - Chattanooga-based CapitalMark Bank & Trust reported results for the third quarter, 2009, announcing profits of $1,048,919 compared to a $167,949 loss for the same period last year. Total assets increased to $383 million which represents a 26% increase over the same period last year and 14% year-to-date. Deposits increased 28% versus the same period last year.
CapitalMark Reports Profit for the First Six Month
Chattanooga, TN - July 17, 2009 - Chattanooga-based CapitalMark Bank & Trust reported results for the first six months, 2009, announcing profits of $726,678 compared to a $962,313 loss for the same period last year. Total assets increased to $377 million which represents a 44% increase over the same period last year and 12% year-to-date. Deposits increased almost 41% versus the same period last year.
Read more: CapitalMark Reports Profit for the First Six Months
CapitalMark Reports First Quarter Profit
Chattanooga, TN - April 14, 2009 - Chattanooga-based CapitalMark Bank & Trust reported first quarter, 2009, profits of $119,000 compared to a $640,000 loss for the same period last year. Total assets increased in the first quarter 6% to $357.1 million, loans grew 7.2% to $295 million and deposits jumped 7.4% to $305.1 million. CapitalMark continues to be one of the fastest growing start-up banks opened in 2007, currently ranked 5th in the nation.
CapitalMark Announces 3-for-2 Stock Split and a new Capital
Chattanooga, TN - October 23, 2008 - The Board of Directors of CapitalMark Bank & Trust has approved a three-for-two stock split with a record date of September 15, 2008. Shareholders of record will receive one additional share of CapitalMark stock for every two shares of common stock owned as of that date. The new shares resulting from the split will be distributed following the close of business on October 30, 2008.
New Knoxville Location
Knoxville, TN - June 20, 2008 - CapitalMark Bank & Trust has signed a lease on office space located in The U.S. Post Office and Courthouse located at 501 West Main Street. CapitalMark established a full service banking office in Knoxville in November of 2007.
CapitalMark Ranks 5th in Nation in Total Asset Growth
Over 170 new banks opened across the nation in 2007, only 4 exceeded total asset growth greater than CapitalMark
Chattanooga, TN - March 22, 2008 - Chattanooga-based CapitalMark Bank & Trust’s 2007 financial performance placed the bank in the top tier of all start-up banks in the United States for 2007. Over 170 banks opened across the country last year and CapitalMark’s first year total asset growth of over $156 million ranked the bank at #5 in the nation.
Read more: CapitalMark Ranks 5th in Nation in Total Asset Growth
CapitalMark Knoxville Operation Established
Chattanooga, TN - November 5, 2007 - CapitalMark Bank & Trust is pleased to announce its plans to establish a full service banking office in Knoxville, and the appointment of Ms. April G. Brown, Ms. Lynne L. Fugate, and Mr. Thomas N. Schmid as Executive Vice Presidents.
CapitalMark Surpasses $100 Million in Assets; Leads all other banks across U.S. opening March, 2007
Chattanooga, TN,--September 17, 2007—Chattanooga-based CapitalMark Bank & Trust has surpassed $100 million in assets after just 6 months of operations.
CapitalMark Calls for Payment of Stock Subscriptions
Chattanooga, TN - January 24, 2007 - R. Craig Holley, President and Chief Executive Officer of CapitalMark Bank & Trust (In Organization), announced that Bank Organizers have now received authorization from the Commissioner of the Tennessee Department of Financial Institutions to issue the call for payment of the $35 million in stock subscribed.
Read more: CapitalMark Calls for Payment of Stock Subscriptions
Bankers Move to CapitalMark
Chattanooga, TN - November 8, 2006 - James H. Vavalides, Chief Credit and Banking Services Executive of CapitalMark Bank & Trust (In Organization), announced today the addition of 5 new bankers to the CapitalMark team.
CapitalMark raises over $36.5 million in capital
Chattanooga, TN - September 18, 2006 - R. Craig Holley, President and CEO of CapitalMark Bank & Trust (In Organization) announced today that the bank’s stock solicitation is once again over-subscribed with orders received for more than 3.6 million shares.
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