Tennessee Commerce Bancorp Chairman and Chief Executive Officer Arthur Helf to Retire
28 12월 2009 - 8:30PM
Business Wire
Tennessee Commerce Bancorp, Inc. (Nasdaq: TNCC) today announced
that its Chairman and Chief Executive Officer Arthur Helf will
retire December 31, 2009. Tennessee Commerce President Michael Sapp
will assume the role of Chairman and Chief Executive Officer upon
Mr. Helf’s retirement. Mr. Helf, who announced his planned
retirement at the company’s Board of Directors meeting on December
17, 2009, will remain on the Tennessee Commerce Board of Directors
and serve the company in an advisory capacity.
“Mike and I founded Tennessee Commerce with a unique vision to
create a different kind of bank that could respond to the growing
needs of businesses and customers with a ‘service first’ approach,”
said Arthur Helf. “It has been an honor to be a part of this
company and its growth, and I am confident that Mike and the
talented team of Tennessee Commerce professionals will continue to
build upon the company’s successes in the years to come.”
Mr. Helf and Mr. Sapp co-founded Tennessee Commerce Bancorp in
2000. Close friends and business associates for more than 30 years,
the gentlemen established the company’s unique model as a business
bank and led its successful growth over the past decade. A
testimony to the effectiveness of the close collaboration between
the two executives is the fact that Tennessee Commerce has become
the Number One Bank in Deposit Market Share in the City of Franklin
and Williamson County, and the Number One Small Business Lender in
Middle Tennessee with assets totaling $1.2 billion.
“We have been planning for Art’s retirement for several months,
realigning responsibilities and adding staff to accommodate the
transition,” said Michael Sapp. “We are thankful that Art will
continue to represent Tennessee Commerce in the community. We
attach a great deal of significance to the relationships that Art
has generated with customers and our community at large and are
proud that he will continue to be part of our team.”
An active business and community leader, Mr. Helf was the
founding Chairman of the Greater Cool Springs Chamber of Commerce
and served as President of the Rotary Club of Franklin Breakfast.
He has been recognized twice as one of the Top 25 Businessmen in
Williamson County and has served as a board member of the Franklin
YMCA.
Long committed to numerous causes benefitting the citizens of
Williamson County, Mr. Helf received the inaugural “Friend of 4-H”
award from the Williamson County 4-H Association in 2006. In 2008,
he was honored by the Nashville American Legion Post 5 with the
Leon Gilbert Memorial Award for service to others.
Mr. Helf also has been a strong supporter of the 101st Airborne
and the Fisher House at Fort Campbell. In October 2009, he was
designated an Honorary Member of the 327th Infantry Regiment, 101st
Airborne Division, US Army by the Secretary of the Army for his
service to the men and women of the regiment over the past several
years.
Prior to his career in banking, Mr. Helf spent ten years in the
U.S. Army as an Airborne/Ranger, followed by ten years as an
executive with Nashville-based Genesco, Inc. He also owned and
managed private businesses in Ohio before returning to launch
Tennessee Commerce Bank.
Mr. Helf resides in Franklin, Tennessee with his wife, Yvonne.
They have two children, five grandchildren and are active members
of Brentwood Baptist Church.
About Tennessee Commerce Bancorp, Inc.
Tennessee Commerce Bancorp, Inc. is the parent company of
Tennessee Commerce Bank. The Bank provides a wide range of banking
services and is primarily focused on serving the financial needs of
businesses. Its corporate and banking offices are located in
Franklin, Tennessee, and it has loan production offices in Atlanta,
Birmingham and Minneapolis. Tennessee Commerce Bancorp's stock is
traded on the NASDAQ Global Market under the symbol TNCC.
Additional information concerning Tennessee Commerce Bancorp can be
accessed at www.tncommercebank.com.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including, but not limited to, statements regarding the
retirement and assumption of duties by executive officers and the
service of directors. We caution you not to place undue reliance on
the forward-looking statements contained in this news release in
that actual results could differ materially from those indicated in
such forward-looking statements because of a variety of factors,
including, without limitation, those factors as set forth in our
filings with the Securities and Exchange Commission. We undertake
no obligation to update these forward-looking statements to reflect
events or circumstances that occur after the date on which such
statements were made.
Tennessee Commerce Bancorp (TN) (MM) (NASDAQ:TNCC)
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Tennessee Commerce Bancorp (TN) (MM) (NASDAQ:TNCC)
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