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MOUNTAIN COMM BANCORP INC - $MCBI STOCK NEWS

Welcome to our dedicated page for MOUNTAIN COMM BANCORP news (Ticker: $MCBI), a resource for investors and traders seeking the latest updates and insights on MOUNTAIN COMM BANCORP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MOUNTAIN COMM BANCORP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MOUNTAIN COMM BANCORP's position in the market.

Rhea-AI Summary
Mountain Commerce Bancorp, Inc. announced its first quarter 2024 results, including a quarterly cash dividend of $0.05 per common share. The company focused on repositioning its balance sheet with targeted loan growth funded by core deposits. They reported an increase in average yield on taxable loans, expecting improvement in net interest margin in the future. The company experienced low levels of loan charge-offs and non-performing assets, maintaining strong liquidity. Construction of a new financial center in Johnson City is underway, with an opening date set for July 1, 2024.
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Mountain Commerce Bancorp, Inc. (MCBI) announced the addition of Theresa Hernandez to the finance team. Theresa 'Teri' Hernandez, with over 15 years of experience, joined as vice president and assistant controller. She will oversee budgeting and financial reporting processes. The president and CEO, Bill Edwards, expressed pleasure in having Teri join the team.
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Mountain Commerce Bancorp, Inc. (MCBI) announced the addition of Amy Cantrell as senior vice president and chief compliance officer at Mountain Commerce Bank (MCB). With over 20 years of banking and compliance experience, Cantrell's role involves managing, identifying, evaluating, reporting, and overseeing the bank's risks. She holds a Bachelor of Arts degree from Warren Wilson College and earned the CRCM designation in 2016 from the American Bankers Association.
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Mountain Commerce Bancorp, Inc. (MCBI) announced the promotions of eight key MCB team members, including the appointment of Kevin Horne to Chief Banking Officer, Tim Topham to executive vice president, David Bright to chief financial officer and chief administrative officer, Josh Marsh to senior vice president and market president, Tom Jensen to team leader for the Bearden Financial Center, Connie French to team leader for the Bank's West Knoxville Financial Center, Brice Chapman to senior vice president, senior relationship manager and senior deposit officer, and Wesley Lemon to controller.
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Mountain Commerce Bancorp, Inc. announced its financial results for the three and twelve months ended December 31, 2023. The company declared a quarterly cash dividend of $0.08 per common share. The President and CEO discussed steps taken to improve future earnings, including securities and borrowings restructuring. The company experienced a decrease in net interest income and noninterest income, impacting its financial performance.
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Mountain Commerce Bancorp, Inc. (MCBI) announces the opening of the West Knoxville Financial Center, providing broader access for clients with state-of-the-art facilities. The new location offers personal and business banking products and services, including deposits, loans, financial planning, and investments. The grand opening and ribbon cutting are scheduled for December 7, featuring light hors d'oeuvres and a three-lane drive-thru for easier access.
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Mountain Commerce Bancorp, Inc. announces earnings and dividend declaration for the third quarter of 2023.
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MOUNTAIN COMM BANCORP INC

OTC:MCBI

MCBI Rankings

MCBI Stock Data

114.35M
3.84M
12.52%
Commercial Banking
Finance and Insurance
Link
United States of America
Knoxville