published Friday, January 25th, 2013

CapitalMark Bank boosts profits, adds two offices during past year

  • photo
    Craig Holley, Chairman, President, and CEO of CapitalMark Bank & Trust
    Photo by Dan Henry /Chattanooga Times Free Press.

Buoyed by additional capital and two new offices, CapitalMark Bank & Trust nearly doubled its profits in 2012.

The Chattanooga-based banking firm reported Thursday it earned $6.75 million, or 88 cents per share, last year. In 2011, CapitalMark earned $3.4 million, or 46 cents per share.

R. Craig Holley, CapitalMark's CEO, called 2012 "an exceptional year" with the sale of $10 million of additional stock and the opening of bank offices in Oak Ridge and Cleveland, Tenn.

"Our growth initiatives, fueled by our accomplished Banker Teams spanning four East Tennessee markets, are producing the top-line revenue results that show our unique model is being replicated effectively," Holley said in a statement.

Assets grew by 18 percent last year, to $781 million.

CapitalMark recently was highlighted by American Banker magazine as one of four U.S. banks to watch among banks started five years ago.

Founded March 5, 2007, CapitalMark has locations in Chattanooga, Cleveland, Knoxville and Oak Ridge.

about Staff Report...

Get breaking news from the Times Free Press on Twitter at or by visiting us on Facebook or Twitter at the right:

Other National Articles

videos »         

photos »         

e-edition »


Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.