September 20, 2014 9:29 PM ET

Banks

Company Overview of Tennessee Commerce Bancorp Inc.

Company Overview

Tennessee Commerce Bancorp, Inc. does not have significant operations. Previously, the company operated as the bank holding company for Tennessee Commerce Bank, which offered various retail and commercial banking services to small to medium-sized businesses, entrepreneurs, and professionals in the Nashville metropolitan statistical area, Tennessee. The company was founded in 2000 and is headquartered in Franklin, Tennessee.

381 Mallory Station Road

Suite 207

Franklin, TN 37067

United States

Founded in 2000

99 Employees

Phone:

615-599-2274

Key Executives for Tennessee Commerce Bancorp Inc.

Chairman
Age: 60
Chief Financial Officer and Principal Accounting Officer
Age: 46
Chief Operating Officer
Age: 71
Senior Vice President and National Lending Executive
Chief Risk Officer
Compensation as of Fiscal Year 2014.

Tennessee Commerce Bancorp Inc. Key Developments

Plaintiffs May Amend Complaint Against Bank Holding Company to Add Auditor as Defendant

The U.S. District Court for the Middle District of Tennessee granted the motion of plaintiffs in a securities fraud class action brought against a bank holding company to amend their complaint to add the firm's external auditor as a defendant and to add sections relating to the complaint's "control person" allegations. Shareholders in Tennessee Commerce Bancorp (TCB), the holding company for Tennessee Commerce Bank, sued the firm and certain of its officers, alleging securities fraud arising out of misrepresentations made by the defendants in furtherance of a scheme to artificially inflate the firm's stock price, thereby causing the firm's stockholders to suffer economic loss. The court noted that the most significant changes in the proposed amended complaint were the addition of TCB's external auditor as a defendant, the addition of sections concerning each individual officer defendant explaining why each was a "control person," and the addition of details clarifying the allegations relating to fraud and scienter. Although the new alleged facts came from sources that were available to the plaintiff when the first amended complaint was filed, the plaintiffs argued the complexity of the case justified the timing of the remaining amendments. The court found the prejudice to the defendants was limited and that it was in the interest of justice that all potentially liable entities be made parties to the case.

Rosen Law Firm Files Class Action against Tennessee Commerce Bancorp, Inc

The Rosen Law Firm announced that it has filed a class action lawsuit on behalf of investors who purchased the securities of Tennessee Commerce Bancorp Inc. during the period from April 18, 2008 through September 13, 2012, seeking to recover damages from violations of federal securities laws.

Similar Private Companies By Industry

Company Name Region
First Western Trust Bank United States
Floridian Bank United States
Sumner National Bank of Sheldon United States
Everence Trust Company United States
Vail Banks Statutory Trust II United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Tennessee Commerce Bancorp Inc., please visit www.tncommercebank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.