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Business Roundtable 10-18
First National Bank expands footprint
1stWEB
Construction is underway for the First National Bank headquarters on Main Street in this March 23, 1923 photo.

First National Bank of Middle Tennessee is headquartered at 200 E. Main Street in downtown McMinnville. First National is the third oldest and largest locally owned bank in Warren County with assets of approximately $500 million. 
First National has 12 locations covering five counties in Middle Tennessee with 133 full-time and part-time employees. The locations are as follows:

Warren County
• Downtown McMinnville,
headquarters
• Smithville Highway
• Sparta Street
• Morrison
• Viola

Rutherford County
• Murfreesboro – Gateway Blvd.
• Murfreesboro – Memorial Blvd.
• Murfreesboro - Mortgage office
• Murfreesboro - Title company office


Davidson County
• Nashville – 21st Avenue
(mortgage office only)
Williamson County
• Spring Hill
(loan production only)

Bedford County
• Shelbyville –
Main Street

Almost half (63) of the employees work at the 200 E. Main Street location. Employment is viewed as stable. The bank has added 25 employees over the last two years. Planned for this fall is a full-service expansion at the Shelbyville location which will likely add 3-4 more employees at that time.
All seven locations outside of Warren County have occurred over the last 10 years.  While growth has been high in Rutherford, Davidson, and Williamson counties, Warren County is by far the largest county deposit wise for FNBMT.
I asked CEO/ president Pieter van Vuuren about the company’s organizational chart.  Senior bank staff is as follows:

Cindy Swann – executive vice president, corporate secretary
Michael Weeter – executive vice president, chief operating officer
Brian Wilcox – executive vice president, Rutherford County
Scott Uselton – executive vice president, chief credit officer
Brent Foster – senior vice president, lender – Warren County
Dwayne Woods – senior vice president, lender – Warren County
Mary Jane Bell – senior vice president, lender – Warren County
David Marttala – senior vice president, Trust & Title Departments

There is an active Board of Directors in place for FNBMT with Levoy Knowles serving as chair. Eleven of the 13 board members are from Warren County with two from Rutherford County.
Pieter holds a master’s degree from the University of Stellenbosch in Cape Town, South Africa and is a registered CPA in Tennessee. Pieter is married with three children, oldest being a daughter who is enrolled at Tennessee Tech studying marketing.
FNBMT enjoys a balanced portfolio between commercial and residential loans. Current loan to deposit ratio is 82 percent with a loan position in excess of $300 million as of June 2017. 
Being a balanced bank is what FNBMT strives for and that includes its focus on non-interest based revenues. Such revenue avenues include FNBMT owning its own title company, First Community Title & Escrow and Waterstone Title and Escrow (Rutherford County).  The title company handles most of FNBMT’s own closings and many for other banks. 
In addition to the title company ownership, FNBMT is affiliated with LPL Financial, one of the largest broker dealers in the country, to facilitate investment transactions. The bank’s wealth management department, FNB Wealth Management Services, has two full-time employees. Services offered include brokerage services and many other personal investment services. The bank also has a Trust Department that offers full bank and custodial services for area trust accounts.
FNBMT’s business has been boosted by taking advantage of the strong Middle Tennessee economy, offering very competitive products, being strategically located, by promoting personal relationships, and by having experienced and talented employees.
When I asked Pieter about the technology customers utilize, he replied that depositing checks directly on their mobile device has been a popular addition. Also, FNBMT’s mobile app has many features customers can use to access and review their accounts via their mobile device.
I asked Pieter what the current FNBMT interest rates were as of late September. Fixed 30-year home loans are offered at a FHA rate of 3.75 percent and a conventional rate of 4.0 percent. Savings account rate is 0.3 percent. CD rates are 1.2 percent for 12 months and 1.8 percent for 60 months.
FNBMT has prospered with rapid growth with commercial and residential loan business.  Pieter projects to see some tightening with credit especially on the commercial side due to where we are in the economical cycle. He forecasts a gradual increase in interest rates with most of the increase being shorter term rates and long term rates being more stable.
A key focus for the bank going forward is to increase the deposit side of their business.
The bank has sponsored the Father-Daughter Date Night at the Civic Center for 21 years.  The event now serves 350 people. FNBMT participates in the summer Friday night music series downtown.  The bank supports numerous charities and local civic organizations. 
For people interested in being considered for employment at First National Bank of Middle Tennessee, forward a resume to HR manager Anne Vance. The company website is www.fnbmt.com.

It is gratifying to witness the commitment to further growth of our largest local bank.  First National Bank has been at 200 E. Main Street for almost 100 years. Its history of prosperity bodes well for their future. BRAC congratulates Pieter van Vuuren and staff for being a great corporate citizen in our midst.