Business WireTennessee Commerce Bancorp Inc

ExxonMobil (XOM.N) led in number of tracts acquired, 128, for $125.3million. Statoil paid $87.4 million for five tracts, LLOGExploration Offshore Inc $23.2 million for 11 tracts, and ShellGulf of Mexico Inc (RDSa.L) $20.2 million for 15 tracts. (Reporting by Bruce Nichols; Editing by Christian Wiessner) Stocks. Net Loans and Deposits Exceed $1 Billion at Year-EndFRANKLIN, Tenn.(Business Wire)Tennessee Commerce Bancorp, Inc. (NASDAQ: TNCC) today announced that it plans toreport record results for the fourth quarter and year ending December 31, 2008,including record net income, assets, loans and deposits. "We expect Tennessee Commerce to report record results for the fourth quarterdue to continued loan growth and our strategic focus on the business bankingmarket," stated Mike Sapp, President of Tennessee Commerce Bancorp "Our netloans broke the $1 billion milestone at year end. Our deposits also exceeded the$1 billion mark at year end 2008.

Tennessee Commerce is now ranked as number onein deposit market share for Williamson County, one of the fastest growingcounties in the region. "We expect our growth rate for assets, loans and deposits to exceed 30 comparedwith the fourth quarter of 2007, significantly outperforming our bank peergroup. We also expect to report that our earnings growth rate exceeded 25in thefourth quarter compared with last year. Our record earnings are attributable toour continued loan growth, solid gains on loan sales and our efficient operatingmodel." Tennessee Commerce reported fourth quarter2007 net income of $2.1 million, $0.42per diluted share.

"Tennessee Commerces loan quality has benefited from our focus on the businesssector, the diversification of our loan portfolio across a number of industriesand the strength of our local market," continued Mr Sapp. "The continuedweakness in the national economy has affected certain customers and we expectour fourth quarter loan loss provision to be $3.3 million, an increase ofapproximately $1.3 million compared with the fourth quarter of last year. "During the fourth quarter, we completed the sale of $30 million in preferredstock to the U.S Treasury. This new capital will be an important part offunding our continued loan growth into 2009.

It is our intention to concentrateour assets and resources on loans to business customers in our local andnational markets." "Loan demand remains excellent as we move into 2009, despite reported weaknessin the U.S economy. We are working to expand our presence in certain businessmarkets and expect these new initiatives will have a positive impact on ourcontinued growth in the new year," concluded Mr Sapp. Tennessee Commerce expects to report its fourth quarter results on January 28,2009. About Tennessee Commerce Bancorp, Inc.Tennessee Commerce Bancorp, Inc is the parent company of Tennessee CommerceBank. The Bank provides a wide range of banking services and is primarilyfocused on business accounts.