The Southern Bank of Tennessee has opened in Wilson and Rutherford counties, marking the first new banking institution since 2008 to begin operations in Middle Tennessee.
Southern is being led by Chairman and CEO David Major (on the right in photo) and President Sam Short. The duo once served in the same roles at Bank of the South. Both also worked at Pinnacle Financial Partners, which acquired Mid-America Bancshares, Bank of the South's parent company, about five years ago.
Southern Bank of Tennessee, which provides full-service retail banking, begins life with $100 million in assets but it's not a true de novo lender. Major and Short have bought a small East Tennessee bank and relocated its operations here. Its headquarters are located in Mt. Juliet, with a loan production office located in Lebanon. The bank’s Rutherford County presence is in Smyrna.
“We have assembled a very talented team of bankers who know these markets well and will deliver exceptional commercial and private banking services to new and existing customers,” Major said in a release. “Our goals are to focus on client relationships and exceed the expectations of our customers.”
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