First Commerce Bank declares semiannual cash dividend
First Commerce Bank’s Board of Directors recently announced its semiannual cash dividend to its shareholders payable December 1st. The semiannual dividend of $.50 per common share, totals $1.00 for the 2017 fiscal year. First Commerce Bank’s Chairman and CEO Bill Marsh stated, “We are very proud to be providing a return to the individuals and families who believed in community banking and purchased shares of First Commerce stock.” Marsh noted the combined 2017 semiannual dividend payments totaled approximately $1,420,000, which equates to a 10.8% annual return to those who purchased their stock during the organizational period in 2002 at $10 per share. He stated 2017 has been an extraordinary earnings and growth year.
First Commerce Bank currently has $356,000,000 in assets; $321,000,000 in deposits; and $268,000,000 in outstanding loans. Locally owned and operated, First Commerce currently employs 59 people in its four offices.
First Commerce Bank is a Tennessee banking corporation the deposits of which are insured through the Federal Deposit Insurance Corporation up to the maximum permitted by law. The bank is headquartered in Lewisburg, Tennessee with branches in Chapel Hill and Fayetteville. It offers extensive and service-intensive financial products and services in Marshall County and surrounding counties in Tennessee. For additional information please visit the Bank’s website at www.firstcommercebank.net