Tennessee Commerce recruits two for special asset work

Bank of Nashville chief credit officer making the move to Franklin office

Tennessee Commerce Bank has added two executives, including Bank of Nashville's former chief credit officer, to its loan management team.

Both Roger Cathey and Nate Frederick have been named vice president of special assets at Franklin-based Tennessee Commerce, which had $41.5 million of nonperforming loans at the end of the first quarter. Cathey, who has more than 35 years of experience in the Nashville banking community, was previously senior vice president and chief credit officer at The Bank of Nashville. Frederick comes to the bank after a stint as vice president of The Pete Store, a Peterbilt truck dealership in Knoxville.

“We feel very fortunate to have two people with such valuable experience and knowledge join our team,” said CEO Mike Sapp. “Roger and Nate will further strengthen our risk management capabilities which are critical to supporting our customers.”

Cathey, who will focus on larger loan relationships, began his banking career at the former Commerce Union Bank and also has worked at First Tennessee, First American and SouthTrust/Wachovia.

Frederick will be responsible for asset disposition focusing on the sale of repossessed transportation assets, which have been a small thorn in Tennessee Commerce's side during the recession. Prior to his time in Knoxville, he was general manager of a Peterbilt dealership in Virginia.