CapitalMark Bank & Trust has been featured as a bank to watch by American Banker, a highly-respected industry publication.
The article was authored by Andy Peters and highlights four “banks to watch” from the 2007-8 de novo banking group, or banks that opened their doors just ahead of the financial crisis. The article notes that regulators approved 291 charters for new banks during that time. More than half of this group posted losses in 2010 and 54 banks are no longer operating.
To contrast, CapitalMark reported its 15th consecutive quarter of increased earnings in September 2012 and within the past year, has expanded to serve four East Tennessee markets to include Chattanooga, Cleveland, Knoxville and Oak Ridge. The full article may be viewed at www.capitalmark.com.
“We are pleased to be recognized for our performance, which is especially notable in light of on-going economic and regulatory pressures," said Kenny Dyer, CapitalMark’s Banking Group Head. "Our success is directly attributed to our top caliber Banker Teams which are aligned one-on-one to each client for a highly advisory banking experience. It is further confirmation that CapitalMark’s success story is one that resonates with clients and industry experts alike. We fully anticipate that our model and talented team have created a strong foundation for the bank’s future success.”