Blount Chamber of Commerce issued the following announcement on April 2.
Twin Cities Financial Services, Inc., parent company of CBBC Bank, recently held its joint 46th Annual Shareholders Meeting, which was conducted by Chairman of the Board Gaynell Lawson.
President & CEO Mike Baker reported that TCFS, Inc., retained a net profit of over $3.3 million and a book value of $97.39 per common share for 2018. The Equity to Assets ratio continues to be exceptionally strong at 15%. Baker declared “the Bank experienced a successful 2018 and will continue to work hard to provide the best in bank services.”
Baker assured shareholders that “our focus remains the same: long-term increased value in your investment in TCFS, Inc. and CBBC Bank. We are most grateful to be your bank and truly value your banking relationship and your contribution to our success.”
The LOCAL bank since 1973, CBBC Bank has 7 locations in Blount County with one location in Knoxville.
Original source can be found here.
Source: Blount Chamber of Commerce