Tennessee Commerce Bancorp Expects to Report Record Third Quarter Net Income, Assets, Loans and...

Thursday October 9, 4:01 pm ET FRANKLIN, Tenn.--(BUSINESS WIRE)--Tennessee Commerce Bancorp, Inc. (NASDAQ: TNCC - News ) today announced that it expects to report record results for the third quarter ending September 30, 2008, including record net income, assets, loans and deposits. “We expect Tennessee Commerce to report record results for the third quarter due to continued loan growth, improved margins and solid credit quality,” stated Mike Sapp, President of Tennessee Commerce Bancorp. “We expect our growth rates for assets, loans and deposits to exceed 29% compared with the third quarter of 2007, significantly outperforming our bank peer group. We are proud of the fact that all of our growth has been generated from our strong markets and our strategic focus on business customers, without any assistance from mergers or... [read full story]                    

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