Prominent regional business executive Gaylon Lawrence has agreed to buy F&M Bank in Clarksville, which has about $860 million in assets and last year produced $5.3 million in profits. Click here to read more at The Leaf-Chronicle courtesy of Jimmy Settle, who talked to an upbeat F&M President and CEO Sammy Stuard.
“Through this merger the bank stays fully intact in Clarksville, Tenn. There are going to be no changes in employment or anything,” Stuard said. “Actually, nothing changes except the owner. Our existing board of directors also stays intact, although there may be some additions to the board over time.
Lawrence also is a backer of Tennessee Bank & Trust in Williamson County and is helping John Eakin build his 1201 Demonbreun office tower in The Gulch.
MidSouth Bank has recruited to its mortgage group Belinda Arender, an 11-year veteran of the local market. Arender, who will be a vice president at MidSouth, was previously VP and sales manager at F&M Mortgage in Rutherford and Wilson counties and also has worked regionally for First Tennessee and BancorpSouth. (View the bank's release here.) She joins MidSouth as the bank's leaders work toward completing their $38 million sale to Franklin Financial Network, the parent of Franklin Synergy Bank.
Murfreesboro senior-care services provider Family Staffing Solutions has recruited Bruce Plummer to be its vice president of development. Plummer joins CEO Becci Bookner and her team as they prepare to expand the 12-year-old company's footprint beyond its three local offices and two franchised locations in Texas. Plummer is a veteran of the banking sector, where he most recently was VP of marketing and business development at F&M Bank in Murfreesboro.
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