Second Curve Capital Buys More Tennessee Commerce Bancorp

| About: Tennessee Commerce (TNCC)

Tom Brown's hedge fund firm Second Curve Capital just filed a Form 4 with the SEC on shares of Tennessee Commerce Bancorp (OTC:TNCC). Per a transaction on December 17th, advisory clients of Second Curve purchased 10,000 shares of TNCC at a price of $4.10. After this transaction, Second Curve reported beneficially owning 1,242,456 shares of the company. We originally covered it when Second Curve started a new position in TNCC back in August.

Per Google Finance:

Tennessee Commerce Bancorp is a bank holding company formed to own the shares of Tennessee Commerce Bank (the Bank). The Bank conducts business from a single location in the Cool Springs commercial area of Franklin. As of December 31, 2009, the Bank had total assets of $1.4 billion. The Bank offers a range of retail and commercial banking services.

For other recent activity out of this hedge fund, we saw that Tom Brown almost tripled his stake in Banner Corp (NASDAQ:BANR).

Disclosure: No position

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