2019 Journal of Community Bank Case Studies

University of Tennessee at Martin

THIRD PLACE:

for FirstBank to contribute its time and capital into the communities it serves instead of into compliance requirements. Conclusion The FirstBank story began in Scotts Hill, Tennessee in 1906 as Farmer’s State Bank and has grown into the third-largest Tennessee- headquartered bank. With 66 full-service bank branches located throughout Tennessee, north Alabama and north Georgia, and a national mortgage operation with offices across the Southeast, FirstBank has the opportunity to impact millions of lives within the communities it serves (“About Us”). Service to its customers is certainly a value on which FirstBank prides itself. The market presidents, from rural to metropolitan markets, can impact their communities from the ground level because these presidents are empowered and supported by FirstBank to serve and better their communities all while FirstBank exceeds its peers in earnings, loan growth, asset quality, capital levels, and liquidity. FirstBank plans to capitalize on the applicable components of EGRRCPA, thus allowing for a greater capital and time allowance to devote to the communities. For banks within the $3 billion to $10 billion asset category, there is continued relief needed from many aspects of BSA, HMDA, and deposit compliance regulations. FirstBank hopes that future regulatory relief will also be focused on leveling the playing field with credit unions and Farm Credit Services. More relief will give FirstBank the opportunity to continue expanding its

operations as well as better serve its customers. FirstBank has not let any amount of competition or regulatory burden stop it from growing and succeeding, all while keeping its customers and communities at the forefront of its mission. FirstBank is an exceptional community bank that works diligently to help individuals, families, businesses, and entire communities build a better future.

FirstBank has not let any amount of competition or regulatory burden stop it from growing and succeeding.

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