FirstBank has made a splash in the local construction lending market with the hiring of a seven-member team from BancorpSouth.
Leading the group migrating to $2.3 billion FirstBank is Senior Vice President Bill Waldkirch, who for the past seven years led BancorpSouth’s Franklin-based residential construction lending group. He is being joined by lenders Chuck Scruggs, Alex Hartz and Michael McClellan as well as portfolio manager Greg Templeton, office manager Nelda Vest and administrative assistant Brenda McKee.
“Bringing this experienced group on board FirstBank immediately positions us as a leader in the Middle Tennessee residential lending market,” said Chris Holmes, FirstBank’s president and CEO. “It sends a clear signal that we are bullish on the Middle Tennessee economy and that we are establishing FirstBank to be a key player in the region’s growth.”
The Waldkirch team will focus on lending to homebuilders and developers in Davidson, Williamson, Rutherford, Sumner, Wilson and Maury counties.
“We look forward to bringing our experience and relationships to a bank with FirstBank’s reputation and helping it continue growing in the Middle Tennessee market,” said Waldkirch, who was a senior VP at Regions Bank before moving to BancorpSouth. “I have known many of FirstBank’s executives for several years, and I’m thrilled that they are now my colleagues.”