Director Charlie Brock to Lead Launch Tennessee
Director Charlie Brock has been named President and CEO of Launch Tennessee. The company, based in Nashville, aids and accelerates the development of high-growth companies across the state of Tennessee. Click here to read the full press release by FourBridges Capital Advisors.
CapitalMark Posts Record $2 Million Quarter Profit
Chattanooga, Tennessee – October 4, 2012 – CapitalMark Bank & Trust today reported record earnings of $2.0 million for the third quarter ended September 30, 2012, and $5.4 million year-to-date, a record nine-months’ performance for the bank since its inception in 2007.
CapitalMark Earns 5-Star Rating for 6th Consecutive Quarter
October 2012: CapitalMark Bank & Trust proudly announces it has once again received a Superior 5-Star rating from BAUERFINANCIAL, Inc., the nation’s leading bank rating and research firm. A 5-Star rating signifies that CapitalMark Bank & Trust is one of the strongest banks in the nation.
CapitalMark Records 14th Consecutive Quarterly Profit
Chattanooga, Tennessee – July 18, 2012 – CapitalMark Bank & Trust today reported earnings of $1.9 million for the second quarter ended June 30, 2012.
“We are pleased to report our 14th consecutive profitable quarter, a notable achievement in light of the sustained economic and regulatory hurdles facing our industry. Although CapitalMark’s earnings were supported by a one-time securities gain, our pre-tax income excluding the gain reflects growth of 9% for the quarter and 27% year-to-date when compared to the same periods last year. Our continued balance sheet growth places CapitalMark at a record $740 million in total assets. While we maintain steady growth, I want to underscore our conservative management reflected in the bank’s favorable credit quality metrics,” said R. Craig Holley, CapitalMark’s Chairman, President and CEO.
CapitalMark Lands 5-Star Rating for 5th Consecutive Quarter
June 2012: BauerFinancial, Inc., the nation’s leading bank rating and research firm, is proud to recognize CapitalMark Bank & Trust as a 5-Star Superior bank. A 5-Star rating indicates that CapitalMark is one of the strongest banks in the nation. To earn this prestigious 5-Star rating, CapitalMark must excel in areas of capital quality, asset quality, profitability and much more. In fact, CapitalMark Bank & Trust has earned this 5-Star Superior rating for the latest 5 consecutive quarters.
CapitalMark Announces Capital Raise for Expansion
Chattanooga, Tennessee – June 5, 2012 – CapitalMark Bank & Trust announced today that the Board of Directors authorized a common stock offering of up to $10 million or 800,000 shares at an offering price of $12.50 per share. The stock will be available for purchase by existing shareholders and new investors beginning Monday, June 11th. CapitalMark is offering the stock primarily to fund its expansion, leading with new offices in Cleveland and Oak Ridge, Tennessee.
CapitalMark Profits Double
Chattanooga, Tennessee – April 12, 2012 – CapitalMark Bank & Trust today reported earnings for the first quarter ended March 31, 2012.
“We are pleased to report especially strong results for the quarter, with a doubling of net income when compared to our first quarter last year. Our credit quality, which compares favorably to our peers, continues to strengthen. Lastly, our solid earnings are supported by balance sheet growth that places CapitalMark at a record $710 million in total assets,” said R. Craig Holley, CapitalMark’s Chairman, President and CEO.
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.
CapitalMark Reports Earnings Increase
Chattanooga, Tennessee – January 26, 2012 – CapitalMark Bank & Trust today reported net income of $1.132 million for the quarter, an increase of 8.53% over the fourth quarter 2010. For the year-ended, net income was $3.401 million increasing 8.59% over the prior year. As a new bank, CapitalMark became taxable in 2011. On a pre-tax basis, to provide a meaningful comparison to the prior year, earnings increased 54.19%.
CapitalMark Achieves Small Business Lending Fund Success
Chattanooga, Tennessee – January 12, 2012 – CapitalMark Bank & Trust announces successful initial deployment of capital received through the Small Business Lending Fund (SBLF) with a 15% increase in lending as stated in a recent release by the Treasury. CapitalMark received a total of $18.2 million 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 were approved with criteria based upon strength, stability and performance.
CapitalMark Records Earnings Increase
Chattanooga, Tennessee – October 27, 2011 – CapitalMark Bank & Trust today reported net income of $604,785 for the quarter, an increase of 5.41% over the third quarter 2010; for the nine-months ended, net income was $2.269 million, increasing 8.62% over the same period last year.