Tennessee Commerce Bancorp's Stock Begins Trading on Nasdaq OTC
16 12월 2005 - 9:45PM
PR Newswire (US)
"TNCC" - New Stock Symbol FRANKLIN, Tenn., Dec. 16
/PRNewswire-FirstCall/ -- Tennessee Commerce Bancorp, Inc. today
announced that its stock began trading on NASDAQ's OTC market under
the new stock symbol "TNCC." "We are excited about our stock's
listing on NASDAQ's OTC market," stated Art Helf, Chairman of
Tennessee Commerce Bancorp. "We believe the OTC market will provide
our shareholders with increased liquidity while expanding our
potential to attract new shareholders to our stock. "We began
filing financial reports with the Securities and Exchange
Commission earlier this year, paving the way for our stock to be
traded on a national market. We expect our listing will provide
additional visibility for Tennessee Commerce with investors in our
core banking markets as well as nationally. "We are very proud of
the solid progress we have made in building shareholder value since
we launched operations in 2000. We believe our success is due to
our business banking model coupled with a strong local economy. Our
growth rate exceeded 54% through the first nine months of 2005 for
assets, loans and deposits compared with the same period in 2004.
We are enthusiastic about our continued growth prospects and
anticipate new records for net income, loans and deposits in the
fourth quarter of this year," concluded Mr. Helf. 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 business
accounts. Its corporate and banking offices are located in
Franklin, Tennessee. Tennessee Commerce Bancorp's stock is traded
on NASDAQ's Over-the-Counter market under the stock symbol TNCC.
Information contained in this press release, other than historical
information, may be considered forward-looking in nature and is
subject to various risks, uncertainties and assumptions. Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, estimated or expected. Among the
key factors that may have a direct bearing on Tennessee Commerce
Bancorp's operating results, performance or financial condition are
competition, changes in interest rates, the demand for its products
and services, the ability to expand, and numerous other factors as
set forth in the Corporation's filings with the Securities and
Exchange Commission. DATASOURCE: Tennessee Commerce Bancorp, Inc.
CONTACT: George Fort, Chief Financial Officer of Tennessee Commerce
Bancorp, Inc., +1-615-599-2274
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