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Oh man, this was along time ago. I bought about 2k worth around the .16 area. I received a check for around $150 if I remember correctly. It wasn’t much.
it's a nice surprise to get anything back and it will depend on how many legitimate claims come in by the cut off date - many will miss it - I forgot all about this one. I think the general idea is to try and make everyone whole(even)that lost money here but there may not be enough money for that - may be
If I see anything I will post it here to you and include a link for verification. Good luck! I actually am Going to bid for a million at .0001 real soon. I hope this will be resurrected at some point!
thanks for the Quick reply, please let me know if something new about Tncc, I living outside the U.S. so I can not get much Information about TNCC. I've lost a lot of money here.
I have made many calls and e-mails. No reply. Last news I read was a class action lawsuit was filed. I have never heard or seen anything reported about it since.
Question and Answer Guide Tennessee Commerce Bank, Franklin, TN
The following list of responses to frequently asked questions may assist you in understanding what is happening at Tennessee Commerce Bank.
On Friday, January 27, 2012, Tennessee Commerce Bank, Franklin, TN was closed by the Tennessee Department of Financial Institutions. The Federal Deposit Insurance Corporation (FDIC) was then named Receiver. Subsequent to the closure, Republic Bank & Trust Company, Louisville, KY entered into a purchase and assumption agreement to assume substantially all the deposits, and agreed to purchase some of the assets of Tennessee Commerce Bank from the FDIC as Receiver. Share price does not trigger a bank closing and was not the reason for Tennessee Commerce Bank's failure. All shares of stock were owned by the holding company, which was not involved in this transaction.
YOUR MONEY IS SAFE! No one lost any money on deposit as a result of the closure of this bank. All deposits, regardless of dollar amount, were transferred to Republic Bank & Trust Company.
ACCESS TO YOUR MONEY: You may continue to use your outstanding checks and they will clear up to the balance in your account. Your ATM/Debit card will continue to work as usual. The total balance in your account(s), including checking, savings, money market, non-brokered Certificates of Deposit, and retirement accounts, has been transferred to the new bank and will be available for transactions during regular business hours at the former bank branch.
DIRECT DEPOSITS: All direct deposits, for example, social security checks, payroll, veteran’s benefits, welfare and/or disability, unemployment or any payment you receive electronically will continue as usual.
AUTOPAYMENTS/BILLPAY/ONLINE BANKING: These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by the new bank.
INTEREST RATES: Interest on deposits accrued through close of business on January 27, 2012 will be paid at your same rate. Tennessee Commerce Bank rates will be reviewed by the new bank and may be lowered; however, you will be notified in writing of any changes. You may withdraw funds from any transferred account, regardless of whether your interest rate changes, without early withdrawal penalty until you enter into a new deposit agreement with the new bank.
BROKERED DEPOSITS: As an All-Deposits Transfer transaction, the total of all deposit accounts, excluding the Cede & Co. deposits, have been assumed by Republic Bank & Trust Company. If you are a customer who has a Tennessee Commerce Bank deposit through a broker, you must contact your broker with any questions.
TAX REPORTING – 1098 AND/OR 1099: The bank who assumed your deposit account will be responsible for mailing your 1099 tax information. Your 1098 reporting will be done by the FDIC or the servicer of your loan. You will be notified of any changes in ownership or servicing of your loan.
SAFE DEPOSIT BOXES: You may continue to access your safe deposit box during normal business hours. Any changes will be communicated by the new bank.
OVERDRAFT LINES OF CREDIT: These lines have been transferred to the new bank. Please contact the new bank if you have additional questions regarding your accounts.
LOAN PAYMENTS: You should continue to make your payments according to the terms of your written contract. You may continue to make your payments at the branch office or send them to the same payment address with checks made payable to Tennessee Commerce Bank.
ESCROW PAYMENTS: All services previously performed related to your loan will continue. Should you receive notification that any portion of your taxes or insurance was not paid, notify your loan officer immediately.
LOANS IN PROCESS: Please contact your current loan officer directly.
SHARES OF STOCK: All shares of stock were owned by the holding company, Tennessee Commerce Bancorp, Inc., Franklin, TN. The holding company was not included in the closing of the bank or the resulting receivership. If you are a shareholder of Tennessee Commerce Bancorp, Inc., please do not contact or file a claim with the receiver. You must contact the holding company directly for more information: Tennessee Commerce Bancorp, Inc. 381 Mallory Station Road Suite 207 Franklin, TN 37067
CLAIMS: Please send claims for unpaid bills to the following address:
FDIC as Receiver for Tennessee Commerce Bank 7777 Baymeadows Way West Jacksonville, FL 32256 Attention: Claims Agent
DEPOSIT INSURANCE INFORMATION: If you have accounts in both the failed and the new bank, they will be insured separately for at least six months following the merger of the banks. This will allow you time to restructure your accounts if necessary.
ADDITIONAL QUESTIONS: You may contact the FDIC Call Center at the number provided below with any additional questions: FDIC Call Center Toll free number 1-800-450-5668 Hours of Operation – Central Time Friday, January 27, 2012: Until 9:00 p.m. Saturday, January 28, 2012: 9:00 a.m. – 6:00 p.m. Sunday, January 29, 2012: Noon – 6:00 p.m. Monday, January 30, 2012: 8:00 a.m. – 8:00 p.m. Thereafter: 9:00 a.m. – 5:00 p.m.
SCAMS: Be watchful for and resistant to any scams to obtain information from you by individuals or entities stating that they are acting on behalf of either the failed bank, new bank, or the FDIC. Should you be contacted by anyone requesting personal information from you related to this event, please contact the call center above and you will be directed to the appropriate person.
For more information: www.fdic.gov/bank/individual/failed/tcb.html
Which law firm should we contact? too many listed online...
??? Tennessee Commerce Bancorp, Inc. (PINK:TNCC) Shareholder Class Action Lawsuit
Tennessee Commerce Bancorp, Inc., a bank holding company that is listed in the OTC Markets Group or Pink Sheets under the symbol TNCC, is now the target of multiple plaintiffs filing lawsuits against the company. The company used to trade its shares on the NASDAQ until February, when it was removed from the stock listings weeks after trading was suspended. If you have purchased shares of Tennessee Commerce Bancorp, Inc. (PINK:TNCC) between April 18, 2008 through September 13, 2012, call 1-800-934-2921 right now to protect your rights. Filing deadline: 01/02/2013
Tennessee Commerce Bancorp has been named as a defendant in a civil lawsuit that alleges the company has engaged in conduct contrary to federal securities laws. The allegations indicate that the company may have issued certain misleading statements. More specifically, the complaint outlines a period in which investors flocked to purchase stock in Tennessee Commerce Bancorp –from April 2008 through September 2012. The period overlaps the company's listing history on the NASDAQ and the Pink Sheets.
At one point, Tennessee Commerce Bancorp offered retail and commercial banking and financial services to the small business community of Nashville. The company, which was founded in the year 2000, operated a retail bank in Franklin and it also disclosed that it maintained loan production offices out of state.
One of the lawsuits against Tennessee Commerce Bancorp indicates that the company allegedly ran afoul of the Securities Exchange Act of 1934 when its directors issued false statements about the financial health of its operations. One of the issues cited in the lawsuit is that Tennessee Commerce Bancorp lost control of its loan portfolio and the ability to monitor the health of its collateral assets. The plaintiff is seeking to recover damages suffered through the company's alleged securities law violations.
Another lawsuit by a different plaintiff puts forward as similar complaint, alleging that the company's reckless conduct dates back to their 2008 annual report. That lawsuit states that the company's purported scheme managed to artificially inflate its shares on the NASDAQ and later on the Pink Sheets, leading to an eventual and damaging loss to investors. Own shares of Tennessee Commerce Bancorp, Inc. (PINK:TNCC) ? Contact us to protect your rights.
If you have purchased shares of Tennessee Commerce Bancorp, Inc. (PINK:TNCC) between April 18, 2008 through September 13, 2012, call 1-800-934-2921 right now to protect your rights. Complete the form on this page or call attorney Bill Kyros[/b] at 1-800-934-2921 right now to protect your rights.
Tennessee Commerce Bancorp, Inc. (PINK:TNCC) Investor Files Lawsuit over Alleged Securities Laws Violations
A lawsuit was filed for investors in shares of Tennessee Commerce Bancorp, Inc. (PINK:TNCC) over alleged securities laws violations by Tennessee Commerce Bancorp, Inc. Deadline: Jan. 2, 2013. TNCC investors with a substantial investment should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 11/06/2012 -- An investor in shares of Tennessee Commerce Bancorp, Inc. (PINK:TNCC) filed a lawsuit against Tennessee Commerce Bancorp, Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Tennessee Commerce Bancorp, Inc. (PINK:TNCC) between April 18, 2008 through September 13, 2012, have certain options and there are short and strict deadlines running. Deadline: January 2, 2013. Investors with a substantial investment in Tennessee Commerce Bancorp, Inc. (PINK:TNCC) should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of investors who purchased the securities of Tennessee Commerce Bancorp, Inc. (OTC Markets: TNCC) during the period from April 18, 2008 through September 13, 2012, that Tennessee Commerce Bancorp, Inc. and its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly false and misleading information to investors about the Company’s financial and business condition. Specifically, the plaintiff alleges that defendants misrepresented and failed to disclose that Tennessee Commerce Bancorp, Inc. had serious internal control deficiencies causing it to be unable to monitor its loan portfolio, obtain up to date and current appraisals of collateral, follow bank rules of procedures relating to the Company’s allowance for loan losses, and remediate internal control deficiencies.
Tennessee Commerce Bancorp, Inc. (PINK:TNCC) reported that its annual Net Loss of $5.58 million for 2009 turned into a Net Income of $3.44 million in 2010. However, for the first three quarters in 2011 Tennessee Commerce Bancorp, Inc. reported a combined nine months Net Loss of $118.84 million.
Shares of Tennessee Commerce Bancorp, Inc. (PINK:TNCC) closed on November 2, 2012, at $0.0002 per share.
Those who purchased shares of Tennessee Commerce Bancorp, Inc. (PINK:TNCC) between April 18, 2008 through September 13, 2012, have certain options and there are short and strict deadlines running. Deadline: January 2, 2013. Investors with a substantial investment in Tennessee Commerce Bancorp, Inc. (PINK:TNCC) should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
Contact: Shareholders Foundation, Inc. Trevor Allen 3111 Camino Del Rio North - Suite 423 92108 San Diego Phone: +1-(858)-779-1554 Fax: +1-(858)-605-5739 mail@shareholdersfoundation.com Media Relations Contact
Trevor Allen General Manager Shareholders Foundation, Inc. 858-779-1554 Email
Follow Shareholders Foundation, Inc.: Share on rss Shareholders Foundation, Inc. - Logo
Tennessee Commerce Bancorp, Inc. : Rosen Law Firm Files Class Action Against Tennessee Commerce Bancorp, Inc. - TNCC
11/02/2012| 09:50pm US/Eastern
The Rosen Law Firm today announced that it has filed a class action lawsuit on behalf of investors who purchased the securities of Tennessee Commerce Bancorp, Inc. (OTC Markets: TNCC) during the period from April 18, 2008 through September 13, 2012, seeking to recover damages from violations of federal securities laws.
To join the Tennessee Commerce class action, visit the firm's website at http://rosenlegal.com, or call Timothy Brown, Esq. or Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email tbrown@rosenlegal.com or pkim@rosenlegal.com for information on the class action.
The Complaint asserts violations of the federal securities laws against Tennessee Commerce and its officers and directors for issuing false and misleading information to investors about the Company's financial and business condition. The lawsuit asserts that defendants misrepresented and failed to disclose that the Company had serious internal control deficiencies causing it to be unable to monitor its loan portfolio; obtain up to date and current appraisals of collateral; follow bank rules of procedures relating to the Company's allowance for loan losses; and remediate internal control deficiencies. Consequently, the complaint alleges, the Company's financial statements were materially false and misleading. When this adverse information materialized, Tennessee Commerce failed and the value of its securities became worthless--damaging investors.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
If you wish to serve as lead plaintiff, you must move the Court no later than January 2, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Timothy Brown, Esq. or Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at tbrown@rosenlegal.com or pkim@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigatio
Laurence Rosen, Esq. Phillip Kim, Esq. Timothy Brown, Esq. The Rosen Law Firm P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Weekends Tel: (917) 562-8616 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com tbrown@rosenlegal.com www.rosenlegal.com
Local lawyers P.K. Bramlett and Robert Bramlett and peers from New York's Rosen Law Firm on Friday filed a putative class action against Tennessee Commerce Bancorp and four current or former top executives — Art Helf, Mike Sapp, Lamar Cox and Frank Perez. On behalf of lead plaintiff Carolyn Lynn, the attorneys say, among other things, that Tennessee Commerce's execs "knowingly or recklessly" made false statements about the bank's financial health and the state of its internal controls starting with their 2008 annual report.
"During the Class Period, defendants engaged in a scheme to deceive the market and a course of conduct that artificially inflated TNCC's share price and operated as a fraud or deceit on purchasers of TNCC shares by misrepresenting the Company's financial condition and business prospects," the complaint says. "The Individual Defendants' false and misleading statements had the intended effect and caused TNCC stock to trade at artificially inflated levels throughout the Class Period."
Download the suit by clicking here. Its filing is not altogether unexpected, but the big question is how — if they win the day — shareholders will be compensated. There's not much for the Tennessee Commerce holding company to scrounge up: Its shares (Ticker: TNCC) are actually still being traded but are worth a total of $2,445.
I wish this would trade. I have been unable to find anything out concerning the stocks I own. You would think there would be some information as to what the new bank is going to do with the old stocks.
Interesting...I was reading about the bank that bought out Tennessee Commerce Bank ALSO had a bank in Elizabethtown....you don't suppose ole Frank secured a position with Republic Bank do you?....hmmmmm.
did a little dd today and I found TNCC contact person is FRANK PEREZ and look at this news bellow I wonder what up with this?...
Who should I contact at the Company if I have questions about the Company and what is the Company’s current address?
The Company has relocated as a result of the closure of the Bank. The new address of the Company is and its current contact person is:
Frank Perez Chief Financial Officer Tennessee Commerce Bancorp, Inc. 341 Cool Springs Blvd. Suite 110 Franklin, TN 37067 investorrelationstncc.com11@ymail.com
First Financial Service Corporation Announces Key Leadership Additions
ELIZABETHTOWN, Ky., May 16, 2012 /PRNewswire via COMTEX/ -- First Financial Service Corporation (NASDAQ: FFKY) today announced the following key additions to the leadership of the Company and its subsidiary, First Federal Savings Bank of Elizabethtown. Frank Perezjoins the Company and the Bank as Executive Vice President and Chief Financial Officer. Mr. Perez is a Certified Public Accountant and has over fifteen years of experience in the banking industry including experience in the capital markets. Most recently, Mr. Perez served three years as Chief Financial Officer and Investment Relations Officer for publicly traded Tennessee Commerce Bancorp, Inc. and its subsidiary, Tennessee Commerce Bank in Franklin, Tennessee. Prior to that he served as the Chief Financial Officer for Cumberland Bank & Trust in Clarksville, Tennessee. Mr. Perez also has several years of experience in public accounting primarily with Crowe Horwath, LLP, one of the largest public accounting and consulting firms in the United States. His career in public accounting consisted of providing accounting and consulting services to financial organizations ranging in size from de novo banks in organization to multi-bank holding companies with over $10 billion in assets. Mr. Perez also served in the U.S. Army from 1986 to 1996. He is a member of the American Institute of Certified Public Accountants, Tennessee Society of Certified Public Accountants where he served as a member of the Financial Institutions Committee in 2007, and a member of the Financial Managers Society.
Mr. Perez commented, "The experience and the diversity of the new management team gives me great confidence that I am joining an organization that is committed to taking the necessary steps to build a safe, sound, and profitable institution."
Dann Small joins the Company as Executive Vice President and Chief Lending Officer. Mr. Small will direct the Bank's lending program and supervise all phases of the lending operation. Having served with banking and finance company organizations in numerous capacities since 1978, Mr. Small has over 30 years of experience in finance, lending, credit underwriting and executive management. He attended Mid-America Nazarene University in Kansas and is a graduate of the Stonier Graduate School of Banking and Darden School of Business for Leading Strategic Change.
"We will aggressively address the credit-related challenges faced by the bank as well as building a credit culture that will support the overall strategy of the organization far into the future," commented Mr. Small. "The initiatives the team has implemented to date have already resulted in decreased charge-offs and stabilized credit metrics."
"Our associates who serve our customers on the front line as well as those who conduct our operations are the heart and soul of the organization. To support them, we have been very fortunate to attract some highly qualified seasoned executives to join our management team," commented First Financial Service Corporation President, Greg Schreacke. "The experience and leadership these new officers possess will contribute to our future success as an organization. First Federal Savings Bank was built on serving our customers and the community. Mr. Small and Mr. Perez are looking forward to working with our associates to continue this mission."
These additions to the executive management team have been approved by the FDIC are in addition to the other leadership changes that were announced on February 10, 2012. The other members of the executive management team are:
Gregory S. Schreacke, President since 2008, assumed principal management responsibility for the Company and the Bank. Mr. Schreacke joined the Company as Chief Financial Officer in 2004. He has worked for several banks during his career, serves on numerous local charitable and community organizations and resides in Elizabethtown, Kentucky. Pending regulatory approval, Mr. Schreacke will also join the Board of Directors of both the Company and the Bank. Mr. Schreacke has a B.S. in Accounting from the University of Illinois, Champaign-Urbana, and a MBA from Quincy University.
Bob Critchfield the Bank's Executive Vice President and Chief Credit Officer, oversees management of the Bank's loan, credit and risk policies. Mr. Critchfield has over forty years of experience in the banking industry, including seventeen years as President and CEO of two separate commercial banks. Mr. Critchfield has a B.B.A. in Finance from Western Michigan University and a MBA in Economics from the University of Detroit Mercy.
Anne Moran has been serving as Executive Vice President and Chief Retail Officer since 1999 and is responsible for the banking centers, marketing, the customer service call center, mortgage lending, and managing the retail sales and service culture. Mrs. Moran has over 37 years of banking experience. Before joining the Bank she was a Regional Manager for Bank One Corporation where she was responsible for over 58 banking centers. Ms. Moran graduated summa cum laude from Bellarmine University with a BSC in Accounting and is a graduate of Darden School of Business for Leading Strategic Change.
Charles Chaney has been with the bank since 1976 and has been serving as Executive Vice President and Chief Operations Officer since 1999. He is responsible for overseeing the loan and deposit operations. Mr. Chaney graduated with a B.S. in Accounting from the University of Kentucky.
First Financial Service Corporation is the parent bank holding company of First Federal Savings Bank of Elizabethtown, which was chartered in 1923. The Bank serves the needs and caters to the economic strengths of the local communities in which it operates and strives to provide a high level of personal and professional customer service. The Bank offers a variety of financial services to its retail and commercial banking customers. These services include personal and corporate banking services, and personal investment financial counseling services. Today, the Bank serves six contiguous counties encompassing central Kentucky and the Louisville metropolitan area, through its 22 full-service banking centers and a commercial private banking center.
This press release contains forward-looking statements, including statements about beliefs and expectations based on the information available to, and assumptions and estimates made by, management as of the date made. These forward-looking statements cover, among other things, anticipated future revenue, expenses, capital ratios, and the future plans and prospects of First Federal Savings Bank. For a discussion of the risks and uncertainties that may cause actual results to differ from these expectations and our other forward-looking statements, refer to First Financial Service Corporation's 2011 Annual Report on Form 10-K, including the "Risk Factors" section, and other periodic reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and First Financial Service Corporation undertakes no obligation to update them in light of new information or future events.
First Financial Service Corporation's stock is traded on the Nasdaq Global Market under the symbol "FFKY." Market makers for the stock are:
Keefe, Bruyette & Woods, Inc. FTN Midwest Securities
J.J.B. Hilliard, W.L. Lyons Company, Inc. Howe Barnes Investments, Inc.
Stifel Nicolaus & Company Knight Securities, LP
SOURCE First Financial Service Corporation
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: Kentucky INDUSTRY KEYWORD: FIN SUBJECT CODE: PER
Who is the Grand Slam Asset Management, LLC? UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13G/A (Amendment No. 1)
Under the Securities Exchange Act of 1934
Tennessee Commerce Bancorp, Inc. (Name of Issuer)
Common Stock (Title of Class of Securities)
88043P108 (CUSIP Number)
March 1, 2012 (Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o
Rule 13d-1(b) ý
Rule 13d-1(c) o
Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
SEC 1745 (12-02)
CUSIP No. 88043P108
13G/A
Page 2 of 6 Pages
1.
names of reporting persons i.r.s. identification no. of above persons (entities only)
Grand Slam Asset Management, LLC
2.
check the appropriate box if a group*
( a) o ( b) o
3.
sec use only
4.
citizenship or place of organization
Delaware, United States of America
number of shares beneficially owned by each reporting person with: 5.
sole voting power
0
6.
shared voting power
0
7.
sole dispositive power
0
8.
shared dispostive power
0
9.
aggregate amount beneficially owned by each reporting person
0
10.
check box if the aggregate amount in row (9) excludes certain shares (See Instructions) o
11.
percent of class represented by amount in row (9)
0.0%
12.
type of reporting person (See Instructions)
IA
CUSIP No. 88043P108
13G/A
Page 3 of 6 Pages
Item 1.
(a) Name of Issuer:
Tennessee Commerce Bancorp, Inc.
(b) Address of Issuer’s Principal Executive Offices:
381 Mallory Station Road, Suite 207 Franklin, TN 37067
Item 2.
(a) Name of Person Filing:
This Schedule 13G (the “Schedule”) is being filed with respect to shares of Common Stock (as defined below) of Tennessee Commerce Bancorp, Inc. ( the “Issuer”) which are beneficially owned by Grand Slam Asset Management, LLC (the “Reporting Person”). See Item 4 below.
(b) Address of Principal Business Office or, if none, Residence:
2160 North Central Road, Suite 306 Fort Lee, NJ 07024
(c) Citizenship:
Grand Slam Asset Management, LLC is a Delaware limited liability company.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
88043P108
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
o
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)
o
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)
o
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
(e)
o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g)
o
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
o
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
o
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
o
Group, in accordance with §240.13d-1(b)(1)(ii)(J).
CUSIP No. 88043P108
13G/A
Page 4 of 6 Pages
Item 4.
Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a)
Amount beneficially owned:
The Reporting Person beneficially owns 0 shares of Common Stock. (b)
Percent of class:
The Reporting Person beneficially owns 0.0% of the outstanding shares of Common Stock of the Issuer. (c)
Number of shares as to which the person has:
(i)
Sole power to vote or to direct the vote:
0
(ii)
Shared power to vote or to direct the vote:
0
(iii)
Sole power to dispose or to direct the disposition of:
0
(iv)
Shared power to dispose or to direct the disposition of:
0
Item 5
Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ý .
Item 6
Ownership of More than Five Percent on Behalf of Another Person. Not applicable.
Item 7.
Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not applicable.
CUSIP No. 88043P108
13G/A
Page 5 of 6 Pages
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10.
Certification
(a)
The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. o
CUSIP No. 88043P108
13G/A
Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
March 8, 2012
Date
GRAND SLAM ASSET MANAGEMENT, LLC
/s/ Mitchell Sacks
Signature
Mitchell Sacks/Member
Name/Title
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
NOTE : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties for whom copies are to be sent.
Attention:
Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
Tennessee Commerce Bancorp, Inc. operates as the bank holding company for Tennessee Commerce Bank that offers various retail and commercial banking services to small to medium-sized businesses, entrepreneurs, and professionals in the Nashville metropolitan statistical area, Tennessee. It offers various deposit products, including checking accounts, savings accounts, money market investment accounts, certificates of deposits, and retirement accounts. The company's loan portfolio comprises consumer installment loans, various mortgage loans, personal lines of credit, home equity loans, credit cards, real estate construction loans, commercial loans, and letters of credit. In addition, it issues VISA credit cards and serves as a merchant depository for cardholder drafts under VISA credit cards; and offers check cards and debit cards, courier services, access to third-party automated teller machines, and electronic banking services. As of December 31, 2009, Tennessee Commerce Bank provided its services from a single location in the Cool Springs commercial area of Franklin, Tennessee, as well as operated three loan production offices in Birmingham, Alabama; Minneapolis, Minnesota; and Atlanta, Georgia. The company was founded in 2000 and is headquartered in Franklin, Tennessee.
12.2 M OS 11.5 M Float
Delisting of Securities of Tennessee Commerce Bancorp, Inc.
Wednesday, February 22, 2012 4:05 PM
NASDAQ announced that it will delist the common stock of Tennessee Commerce Bancorp, Inc. (TN). Tennessee Commerce Bancorp, Inc. (TN)'s stock was suspended on February 8, 2012 and has not traded on NASDAQ since that time.
What does this means?...It means they are trading on the Pinks.
Effective on February 8, 2012, the Company's common stock began trading on the Pink Sheets under the symbol "TNCC.PK." Although the Company's common stock is currently traded on the Pink Sheets, there can be no assurance that it will continue to trade on the Pink Sheets for any particular time period. The Pink Sheets is not a registered stock exchange company, and it is not affiliated with NASDAQ.
Who should I contact at the Company if I have questions about the Company and what is the Company's current address?
The Company has relocated as a result of the closure of the Bank. The new address of the Company is and its current contact person is:
Frank Perez Chief Financial Officer Tennessee Commerce Bancorp, Inc. 341 Cool Springs Blvd. Suite 110 Franklin, TN 37067 investorrelationstncc.com11@ymail.com
Tennessee Commerce Bank closed by Feds, some assets sold to Republic
Posted on: 2/1/2012
In addition to assuming approximately $1 billion of the deposits of TCB (both insured and uninsured), RB&T purchased approximately $122 million of loans and other real estate owned for $65 million, representing a 47 percent discount. RB&T paid no deposit premium for the deposits. The acquisition is being completed through a purchase and assumption agreement with the FDIC, without loss sharing agreements. RB&T did not acquire any assets or liabilities of TCB's parent holding company, Tennessee Commerce Bancorp, Inc., or any of TCB's stock in Commerce Bancshares, Inc. and Farmers Bancorp, Inc. and their subsidiary banks.
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