Third-quarter results from banks doing a lot of business in Middle Tennessee have thrown up a consistent message of good loan growth. Kentucky-based HopFed Bancorp, the $880 million parent of Heritage Bank USA, is eager to secure its share of the growing Nashville pie. From the company's Q3 report issued this morning:
Commenting on the third quarter results, John E. Peck, President and Chief Executive Officer, said, "The Company continues to find success in our Nashville loan production office. We have just hired our third commercial loan officer in that market and currently have an impressive pipeline of loan opportunities. At September 30, 2015, the Nashville loan production office currently has $13.0 million in outstanding loan balances, $7.7 million in unadvanced amounts on loans and $16.9 million in loan requests currently under review."
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