Tennessee Commerce Bank Franklin Tennessee

This is Michael F$$ing Sapp

Michael Sapp stole $30,000,000 in tax payer which he can’t pay back

This criminal makes $727,000 to steal your money

This Sapp’s bank is on the problem bank list, do you have money with this crook?

The tier 1 capital is .95%, which is considered critically under capitalized.

This fat slob runs one of the worst banks in the country

This guy took $30MM of you tax payer money, which he can’t pay bank

He gets paid $727K to bankrupt this place, this is one of the worst banks in the country, this place is bankrupt

Who is the Sapp Michael or  the taxpayer , this fat cat is not hungry, he has 3 chins

This is Martin Zorn, this fat pig makes $663,000 a year

This slob took $30,000,000 of your money

Martin runs one of the worst banks in the country

Martin should be in jail

Martin where the F$$ck is the $30,000,000 you stole from the tax payer

I stuck it up the tax payers Ass and got paid $663,000

Tennessee Commerce Bank Franklin Tennessee was founded in 2000.  The company took $30MM in tax payer funded bailout money, which it won’t pay back.  They have recently entered into a consent order with the regulators, putting them on the problem bank list.

They lost $116MM in Q3 2011 whereby, wiping out the equity from $124MM to $11MM or 1,027% in only 90 days.

The tier 1 capital is .95%, which is considered critically under capitalized.

Assets are $1.5B with supposed equity of $11MM.

The actual equity is ($19MM), as the $30MM in tax payer money is debt not preferred stock

The problem loan situation is incredible.  They have $140MM in problem loans

Having $94MM in problem loans and ($19MMM) in equity, is a serious problem.

Here is Martin Zorn he makes $663,000

Martin stole $30,000,000 of your money

This Redneck is not going hungry

Marin has about 12 chins

This bank is bankrupt.

Why isn’t this place shut down

This Lamar Cocks, this bald headed Cock makes $647,000

This Cock stole $30,000,000 of your money

Why is this cock smiling, he is bending over the tax payer

Why aren’t they on the problem bank list?

Net income was $1.9MM in FY10 and ($7MM) in FY09.

How are they going to pay back the tax payer $30MM?  It is pretty obvious that they can’t.

They might not be paying back the tax payer however, the executives have no problem paying themselves.

Michael Sapp      made $727k

Frank Perez          made $503k

H Lamar Cox        made $640k

Charles Rogers    made $947k

Martin Zorn          made $663k

That is great pay for running this bank into the ground.

Michael Sapp, you pay yourself $727k for wiping out the bank and the shareholders, taking tax payer money and not paying it back. You have it made.

Hey Michael Sapp, where is the tax payers $30MM you took?

This management team pays themselves well for bankrupting this place in record time.

Do you have money in this disaster?

You must be a Sapp.

Tags: executives paid despite non payment of bailout fund, insolvent, Non repayment of Gov. bailout funds, real estate