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First National Bank further expands
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Three years after opening its full-service branch on Gateway Boulevard in Murfreesboro, First National Bank of McMinnville cut the ribbon on an expansion basically doubling the size of its Rutherford County facility.In four years since beginning operations in the Murfreesboro/ Rutherford County market, First National Bank of McMinnville has seen its workforce grow from two to 33 with a robust mortgage unit and title company in addition to the bank branch, according to Brian Wilcox, executive vice president and head of Rutherford County operations.During the ribbon-cutting ceremony Nov. 20, the bank also celebrated its 140th anniversary. The historic community bank is the third oldest in the state and 36th largest in Tennessee.“We are so appreciative of our customers who have made this happen,” Wilcox said. “We also thank our bank board of directors for their vision in recognizing the need and opportunity in Rutherford County and for believing in our vision for its potential.”The 1,970-square-foot expansion by Shane McFarland Construction increases the 1708 Gateway Boulevard branch from five office spaces to 12 to accommodate the 15 bank employees there, more than double the seven employed when the facility opened in 2011.Besides the branch facility in Murfreesboro, First National Bank of McMinnville also offers mortgage services through FNB Mortgage with a staff of 15 and title services through the bank’s subsidiary Waterstone Title in a separate building just down the road on Williams Drive.Pieter van Vuuren, President and COO of First National Bank, expressed appreciation for the customers who empowered “our further expansion into this thriving market.”He noted the value of a community bank such as First National Bank.“According to FDIC data, community banks represent 92.4 percent of all banks while controlling 14.2 percent of total bank assets.