Bank Will Work with Customers and Victims of Recent Historic Floods To Provide Increased Flexibility of Loans, Credit Lines
Tennessee Commerce Bancorp, Inc. (Nasdaq: TNCC) today announced that it will work closely with area businesses and its customers to assist those affected by the recent Middle Tennessee flooding by increasing the bank's credit lines and loan flexibility.
"We are saddened by destruction and losses suffered by so many Middle Tennesseans due to the flooding, and our hearts go out to everyone who has been impacted by the disaster," said Chairman and CEO Mike Sapp. "As businesses rebuild from the storm, we stand ready to be flexible in working with them and their employees to offset the impact and help them to rebuild. It is our hope that Tennessee Commerce's support will help our customers over the coming months to successfully recover from the flooding."
Officials have estimated that flood damage costs in the Nashville area alone could total more than $1 billion. The ongoing support and loan flexibility offered by Tennessee Commerce is aimed to help businesses rebuild and contribute to the community's overall, long-term recovery.
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.
Contacts:
Seigenthaler Public Relations, Inc.
Beth S. Courtney, 615-327-7999
bcourtney@seigenthaler.com