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Topic: FDIC

F&M Bank Tops Montgomery County and Stewart County Market Share Rankings Again

 

F&M BankClarksville, TN – During a 12-month period when Montgomery County’s total bank deposits jumped by $175.8 million, F&M Bank remained in the top position among FDIC-insured banks with a 19.01% market share.  It is the 14th consecutive year that F&M has maintained its market-leading ranking.

The fact that seven of the 11 Montgomery County banks have 10% or more of deposit market share underscores the extraordinary competitiveness within the market.

The updated market share reports – recently posted on the FDIC website – are based on federally insured deposits of banks and thrifts through June 30th, 2017.

Sammy Stuard, F&M Bank President and CEO.

Sammy Stuard, F&M Bank President and CEO.

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2017 Tennessee Legislative First Session Final Report – Part 12

 

Written by Curtis Johnson
Tennessee State Representative

Tennessee State Representative - District 68Nashville, TN – The first session of the 110th Tennessee General Assembly adjourned on May 10th, 2017, after passing major legislation that will benefit Tennesseans for generations to come. This is Part 12 of a 12 Part report.

This includes a measure making Tennessee the first state in the nation to offer all adults without a degree tuition-free access to community college; a new law rebuilding a safe and reliable transportation network, while reallocating revenues to maximize taxpayers’ return on that investment; and a bill which provides a responsible path to improve access to broadband through investment, deregulation, and education. 

Action in the General Assembly also included passage of a balanced budget which takes on no new debt, as well as legislation protecting the elderly, enhancing the state’s robust job growth, cracking down on crime, and boosting efforts as the fastest improving state in the nation in K-12 student achievement.  Following is a report on key legislation passed this year.

Tennessee State Representative Curtis Johnson

Tennessee State Representative Curtis Johnson

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Big Week for Austin Peay State University

 

Written by Curtis Johnson
Tennessee State Representative

Tennessee State Representative - District 68Nashville, TN – House Joint Resolution 158 passed last week to honor Austin Peay State University’s upcoming 90th anniversary. Founded April 26th, 1927, the namesake of Governor Austin Peay has continuously grown over the decades, and been particularly friendly towards veterans and active duty personnel stationed at Fort Campbell.

The university has undergone a major shift this week as its newfound independent board met for the first time with Tennessee Governor Bill Haslam present. Under Governor Haslam, Austin Peay and most other four year institutions in Tennessee have been released from the Tennessee Board of Regents.

Austin Peay State University Campus. (APSU)

Austin Peay State University Campus. (APSU)

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Frazier Allen: 12 Resolutions for 2017

 

Start the new year right by reviewing and revamping your financial plan.

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run – and even sooner?

We’re talking about your financial plan – your fiscal health, if you will. The approach of 2017 is a great time to review your plan and make any necessary revisions. With that in mind, here are 12 suggested resolutions that, if followed, can help ensure that your later years will be financially secure.

Frazier Allen

Frazier Allen

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F&M Bank Continues Deposit Lead in Montgomery County and Stewart County

 

F&M BankClarksville, TN – For the 13th consecutive year, F&M Bank holds the top position in Montgomery County’s market share of deposits, according to the FDIC annual summary of insured deposits published last Friday (September 30th).  F&M also retained its top position in Stewart County, a ranking it achieved in 2015.

Annual market share reports are based on FDIC-insured deposits of banks and thrifts through June 30th, and includes 11 financial institutions in Montgomery County and three in Stewart County.

Sammy Stuard, F&M Bank President and CEO.

Sammy Stuard, F&M Bank President and CEO.

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F&M Bank announces CardValet® Program

 

F&M BankClarksville, TN – F&M Bank is pleased to announce the rollout of its new CardValet® program for cardholders who want to manage their debit card through their mobile devices.

With the new F&M CardValet Mobile App, customers can control card spending on the go.

It is simple, download CardValet from Google Play™ or the App StoreSM and immediately begin enjoying it’s features.

Sammy Stuard, F&M Bank President and CEO.

Sammy Stuard, F&M Bank President and CEO.

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Tennessee Department of Financial Institutions takes Possession of Trust Company Bank in Memphis

 

Tennessee State GovernmentNashville, TN – The Tennessee Department of Financial Institutions (“Department”) took possession of Trust Company Bank, Memphis, Tennessee at 4:00pm CDT on April 29th, 2016.

The Department has appointed the Federal Deposit Insurance Corporation (“FDIC”) as Receiver of the Bank effective upon the Department taking possession of Trust Company Bank.

Tennessee Department of Financial Institutions took possession of Trust Company Bank due to Trust Company Bank’s severely impaired capital, unsound condition and inability to continue normal operations.

Tennessee Department of Financial Institutions took possession of Trust Company Bank due to Trust Company Bank’s severely impaired capital, unsound condition and inability to continue normal operations.

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Frazier Allen lists 12 Resolutions for 2016

 

Start the New Year right by reviewing and revamping your financial plan.

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run- and even sooner? We’re talking about your financial plan – your fiscal health, if you will.

The approach of 2016 is a great time to review your plan and make whatever revisions might be indicated. With that in mind, here are 12 suggested resolutions that, if followed, will go a long ways toward helping to ensure that your later years will be financially secure.

Frazier Allen

Frazier Allen

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F&M Bank maintains Montgomery County Deposit Market

 

Share Lead; Takes over Top Spot in Stewart County

F&M BankClarksville, TN – F&M Bank continues to be the top bank in Montgomery County in deposits according to a newly published report released this week by the Federal Deposit Insurance Corporation. The report, which tracks all 11 FDIC-insured institutions in Montgomery County, shows F&M holds $389 million or 17.23 percent of local deposits. This is the 12th consecutive year F&M has claimed the number one spot in the intensely competitive Montgomery County market.

Overall, deposits in Montgomery County rose by 3.1 percent to $2.2 billion for the year through June 30th, which is slightly below the national average increase of 3.8 percent. Despite the increase in deposits, the deposit market share ranking among local institutions remains the same as last year.

Sammy Stuard, F&M Bank President and CEO.

Sammy Stuard, F&M Bank President and CEO.

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Frazier Allen lists 12 Financial Resolutions for the New Year

 

Review and revamp your financial plan all year long.

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – While resolutions are something you normally might associate with the new year, this particular set of resolutions remains valid and relevant any time of year. That’s why I’m sharing with you this list of 12 Financial Resolutions.

As you read this list, I’m sure you’ll find the suggestions relevant to your own financial life. Topics range from revisiting your portfolio’s asset allocation to making sure your retirement plan is on track.

Frazier Allen

Frazier Allen

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