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/PRNewswire/ Mountain Commerce Bancorp, Inc. (the "Company") (OTCQX: MCBI), the holding company for Mountain Commerce Bank (the "Bank"), today announced.
Mountain Commerce Bank Lands At #47 on American Banker Magazine s Annual List of Top 200 Publicly Traded Community Banks
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KNOXVILLE, Tenn., June 3, 2021 /PRNewswire/ Mountain Commerce Bancorp, Inc. (OCTQX: MCBI) announced today that for the third consecutive year its subsidiary, Mountain Commerce Bank (MCB), earned a place among the top 200 publicly traded community banks in the United States as determined by
American Banker magazine. The annual ranking is for community banks and thrifts with less than $2 billion in assets and was released with the magazine s May 2021 issue.
The ranking based on a three-year average of each bank s return on average equity (ROAE) placed MCB at #47. The honor recognizes the community bank as one of only four Tennessee-based banks to make the grade and secures MCB the only spot of any in East Tennessee. Over the last three years, MCB s ROAE averaged 13.19%.