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Thank you, Yes this was years ago. Have a good one.
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.
May I ask how they paid you penny on the dollar?
Got my settlement check in the mail today. That wasn't anywhere near the amount I thought I would receive. Oh well better than nothing
anyone heard anything on settlements ? Me, got a confirmation and that's it
got my confirmation card back in the mail
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
it says .21 a share if 100% of the people file that are in that range.
Nm I found where it says .21 a share before lawyer fees/ court costs bla bla. Hope to get around .16 a share and I'll break even lol
Anyone else get their lawsuit packet in the mail? I wonder how much we'll get back if we win the lawsuit
TNCC revoked:
http://www.sec.gov/litigation/admin/2014/34-72175.pdf
Your welcome. I have not seen anything as of yet from the company. Just looking around today. Good luck to you!
thanks to you goarmy123
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.
He his dead
what's up with this Stock?
does anyone have any Information about TNCC
WOW LOL))) They still have a lot of asset. The lawer are affer them now hope we can recover some of our lose.
The sad part is I live 10 miles from the bank that used to be TNCC
Looking back 80% increased insider bought in / it's hard to believed we got screw....
http://www.mffais.com/stock/tennessee-commerce-bancorp-inc.html
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.
The Rosen Law Firm Investor Counsel
Register Below
http://www.rosenlegal.com/cases/join/tennessee-commerce-bancorp-inc
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.:
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Shareholders Foundation, Inc. - Logo
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Source: Shareholders Foundation, Inc.
Posted Tuesday, November 06, 2012 at 6:40 AM CST - Permalink
http://www.sbwire.com/press-releases/tennessee-commerce-bancorp-inc-pinktncc-investor-files-lawsuit-over-alleged-securities-laws-violations-177870.htm
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
Tennessee Commerce faces class action
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.
Are you still with us?
HOLY COW!0.006 ? 0.0059 (5900.00%)
Interesting...What up with the volume today?
What is the deal here does anybody know?
I don't know what's up with them, we need to heard something from them.
Is there any chance our luck with TNCC will improve
I read that as well look like old Frank has secured a position with Republic Bank. I wonder who's control TNCC?
Its not dead but we all know it not moving LOL
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.
Chit you already figure it out frank joined another bank. I wonder now who do we need to contact? wonder is any one remain at TNCC ?
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 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)
Come on .0001 it's looking great here lol
Appreciated bro.
I got to change some things in the ibox, if i'm not mistaken, frank perez joined another bank.
no phone number, but do have a email in the ibox.
Very interesting! I wonder if TNCC is still alive? do they have a number to contact?
Why do you think the stock will go up soon? Base on what?
thats good to know. but up as in? any range?
It's the best time to buy tncc... the stock will go up soon... very soon....
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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.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8428712
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
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.
http://www.williamsonherald.com/home?id=78604
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