Randall Clemons, the CEO of Wilson Bank & Trust since 1987 and its chairman since 2002, has told his team he plans to retire from his posts in 2019, when he will be 66. Executive Vice President John McDearman has been tapped to take over at the $1.7 billion bank holding company. The Wilson Post has some more details.
Pinnacle Financial Partners has recruited a senior vice president and office leader for one of its two Lebanon offices. Vanessa Spickard has joined downtown-based Pinnacle with 12 years of industry experience and after working as branch manager of SunTrust Bank’s Mt. Juliet office. She has taken over the leadership of Pinnacle's West Baddour office from Carol Ann Griffin, who is returning to her financial advisor role full-time after seven years.
“Vanessa’s experience and local involvement will be great assets as she demonstrates our commitment to clients and the community,” said Lee Campbell, Pinnacle’s area manager for Wilson County. “We’re delighted to have her on board.”
Pinnacle runs four offices in Wilson County and has a 13 percent deposit market share.
Law firm Burr & Forman says a member of its financial services litigation group has relocated to Nashville from Birmingham to work with area clients. Zachary Miller has been with the firm since September 2008 and has been listed as a rising star by Alabama Super Lawyers each year since 2011. His move to Music City brings up to eight Burr's local team, which has seen several other attorneys come and go so far this year.
Community First Bancshares, the parent company of First State Bank, said Tuesday afternoon it will sell to an Arkansas holding company in a $243 million deal that will create a company with $6.8 billion in assets and operations from Kansas to Knoxville. First State runs eight Middle Tennessee branches — although only one (on West End Avenue) is located in the heart of Nashville — that have been among the company's main growth drivers.
The acquisition by Simmons First National Corp. (Ticker: SFNC) is expected to close late this year, but Simmons Chairman and CEO George Makris says his team doesn't expect to be changing signs anytime soon.