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Mountain Commerce Bank’s Third-Quarter 2009 shows impressive gains

Mountain Commerce Bank’s Third-Quarter 2009 shows impressive gains

“We are pleased to report MCB’s profitability, especially given the current economic environment,” stated William E. Edwards, III, President and CEO. “We continue to meet the credit needs of our clients and strengthen our communities despite the challenges.”

As of September 30, 2009, MCB’s Total Assets equaled $320 million; loans, $255 million; and deposits, $276 million. In addition, Non-Brokered Deposits increased $49 million over the last twelve months. The Bank’s allowance for loan loss was 1.73% at September 30th: an increase of $1.422 million, compared to September 30, 2008. Tier I Capital and Total Risk-Based Capital was 8.77% and 11.96% respectively at September 30, 2009, which is up from 8.61% and 10.60% for the same period in 2008. The profit includes an additional $659,000 in loan loss provision year-to-date.

About Mountain Commerce Bank

Mountain Commerce Bank (MCB) is a state-chartered, FDIC insured, privately held financial services institution serving the mountain south region of East Tennessee. Through innovative use of technology and modern banking systems, MCB offers big-bank services to help our customers prosper with a simplified, personalized, community bank style.

MCB currently employs more than 80 individuals at seven branches and one operations office. For more information, visit or check your account anytime at 1-866-MCB-1910.

For Immediate Release

Regenia B. Ellis
AVP & Corporate Secretary
Mountain Commerce Bank
(423) 262-5820