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Mountain Commerce Bancorp, Inc. Announces Nashville Expansion With Barrett, Stevenson Hires

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Mountain Commerce Bancorp (OTCQX: MCBI) expands into Nashville and Middle Tennessee with the addition of Andrew Barrett as senior vice president and Samuel Stevenson as credit analyst. Barrett brings over 10 years of experience in commercial banking, focusing on private and commercial business development. Stevenson, with expertise in various lending types, will support MCB's portfolio in the region. This expansion is highlighted by a commitment to Responsive Relationship Banking, aiming to enhance the bank's presence in high-growth markets.

Positive
  • Expansion into Nashville and Middle Tennessee, targeting high-growth markets.
  • Hiring experienced professionals, Andrew Barrett and Samuel Stevenson, for business development.
  • Strong focus on Responsive Relationship Banking, enhancing customer engagement.
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KNOXVILLE, Tenn., June 30, 2021 /PRNewswire/ -- Mountain Commerce Bancorp, Inc. (OTCQX: MCBI) announced today that Andrew Barrett and Samuel Stevenson have joined the Mountain Commerce Bank (MCB) team, representing the growing Knoxville-based bank in Nashville and the Middle Tennessee region. The announcement was made by William E. "Bill" Edwards III, MCB president and chief executive officer.

Barrett, a graduate of the University of Tennessee—Knoxville with a degree in finance, has been named senior vice president and relationship manager for the bank. With more than 10 years of commercial banking experience, he will concentrate on private and commercial business development as the bank expands into the Middle Tennessee market.

Stevenson, who has both an undergraduate finance degree and a Master of Business Administration from the University of Tennessee—Knoxville, joins MCB as a credit analyst and portfolio manager. He has experience in commercial, consumer and mortgage lending, as well as treasury service, and will support MCB's commercial and private banking portfolio in the Middle Tennessee area.

"We are excited to launch our expansion into the high-growth markets of Williamson County," Edwards expressed in the announcement. "Our state-of-the-art technology and relentless focus on Responsive Relationship Banking have built a distinctive reputation that we believe sets MCB apart. Andrew and Samuel are the first to join our Williamson County team, but we anticipate additional hires as Mountain Commerce Bank begins its expansion into the Middle Tennessee market."

About Mountain Commerce Bancorp, Inc. and Mountain Commerce Bank

Mountain Commerce Bancorp, Inc. is the holding company for Mountain Commerce Bank. The company's shares of common stock trade on the OTCQX under the symbol "MCBI."

Mountain Commerce Bank is a state-chartered financial institution headquartered in Knoxville, TN. The bank traces its history back over a century and serves East Tennessee through five branches located in Erwin, Johnson City, Knoxville and Unicoi. The Bank focuses on relationship banking of small and medium-sized businesses and high net worth individuals who value the personal service and attention that only a community bank can offer. For further information, please visit us at www.mcb.com

Cision View original content:http://www.prnewswire.com/news-releases/mountain-commerce-bancorp-inc-announces-nashville-expansion-with-barrett-stevenson-hires-301320421.html

SOURCE Mountain Commerce Bancorp, Inc.

FAQ

What is the significance of Mountain Commerce Bancorp's expansion into Nashville?

The expansion signifies Mountain Commerce Bancorp's strategic move to tap into the high-growth Middle Tennessee market, enhancing its regional presence.

Who are the new hires at Mountain Commerce Bancorp?

Andrew Barrett has joined as senior vice president and relationship manager, while Samuel Stevenson has been appointed as credit analyst and portfolio manager.

What roles will Andrew Barrett and Samuel Stevenson play at Mountain Commerce Bank?

Barrett will focus on private and commercial business development, while Stevenson will support the bank's commercial and private banking portfolio.

What is the stock symbol for Mountain Commerce Bancorp?

The stock symbol for Mountain Commerce Bancorp is MCBI.

When was the announcement regarding the Nashville expansion made?

The announcement regarding the Nashville expansion was made on June 30, 2021.
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