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Tennessee Commerce Bancorp, Inc.
Suite 207, 381 Mallory Station Road
Phone: (615) 599-2274p:615 599-2274 FRANKLIN, TN  37067-8264  United States
On 1/27/2012, Tennessee Commerce Bank, Franklin, TN, the subsidiary bank of Tennessee Commerce Bancorp, Inc., was closed by the Tennessee Department of Financial Institutions, and the FDIC was named Receiver. All deposit accounts, excluding the Cede & Co. deposits, were transferred to Republic Bank & Trust Company, Louisville, KY. The former Tennessee Commerce Bank location reopened as a branch of Republic Bank & Trust Company.
On 1/20/2012, the Company provided notice its financial statements for the quarter ended June 30, 2011, as included in its quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2011 should no longer be relied upon due to certain changes required in its provision for loan losses and related allowance for loan losses. In addition, management of the Company identified additional issues potentially impacting prior period financial statements resulting in the establishment of additional reserves and additional loan charge-offs. It is also in the process of conducting a forensic review into certain matters related to the small-ticket specialized equipment portfolio that may further affect its historical financial results. Further write-downs may occur as a result of the ongoing forensic review. At this time, however, the Company is unable to determine which periods may be further impacted or extent of any such impact.
This company is no longer actively traded on any major stock exchange.
Business Summary
Tennessee Commerce Bancorp, Inc. is a bank holding company of Tennessee Commerce Bank (the Bank). The Bank is a state-chartered bank. The Bank conducts business from a single location in the Cool Springs commercial area of Franklin. The Bank had total assets at December 31, 2010 of $1.5 billion. The Bank provides electronic banking and cash management tools and onsite training for business customers. It also provides Internet banking services and access to a third party regional automated teller machine (ATM) network. The Bank offers a range of retail and commercial banking services. The Bank issues VISA credit cards and is a merchant depository for cardholder drafts under VISA credit cards. The Bank also offers check cards and debit cards. The Bank offers its local customers courier services, access to third-party ATMs and electronic banking. The Bank has trust powers but does not have a trust department.
(Source: 10-K)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
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Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/201112/31/2010YesYes--Yes

Industries
SIC Code Description
6022 State commercial banks
6029 Commercial banks, not elsewhere classified
6021 National commercial banks
6712 Offices of bank holding companies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, President, Chief Executive Officer Michael R.Sapp 58 12/31/2009 1/1/2000
Principal Chief Financial Officer, Principal Chief Accounting Officer, Secretary FrankPerez 42 5/20/2010 8/1/2008
Chief Operating Officer, Secretary, Director H. LamarCox 68 12/1/2009 1/1/2000
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
TENNESSEE COMMERCE BANK 381 MALLORY STATION ROAD FRANKLIN TN US

Business Names
Business Name
TCB Commercial Asset Services, Inc.
Tennessee Commerce Bank
Tennessee Commerce Bank Statutory Trust I
Tennessee Commerce Bank Statutory Trust II

General Information
Number of Employees: 99 (As of 12/31/2010)
Outstanding Shares: 12,254,578 (As of 9/30/2011)
Shareholders: 365
Stock Exchange: OTC
Federal Tax Id: 621815881


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