On Tuesday, BankTennessee officially broke ground on a new branch located in South Tipton County.
The 3,267 square foot branch with an expandable second floor will be located on a 1.12-acre site at 26 Munford Avenue on the northwest corner of ,Highway 51.
“We have outgrown our current facility, and it’s important for us to have a strong presence in the community with a highly visible, accessible site. This location meets that need and will allow us to better serve the community,” said regional director Bret Whitley.
“Bret Whitley and his talented team have shown tremendous ability developing and expanding client relationships since we established a location in Tipton County in 2012,” added Jim Rout, chief executive officer and president of the bank. “We are pleased to have high caliber employees, who are from Tipton County, to serve the communities in Tipton, North Shelby and Lauderdale County.”
The Munford branch will mirror the design of the BankTennessee branch in Ripley, Tennessee. Hugh Northern is the Architect, and the building contractor is R.L. Coulston & Sons of Covington, Tennessee. The new office is scheduled to open in October of this year. Once it is open, the bank will move from its existing location at 13690 Highway 51 South to the new facility.
“BankTennessee had one of its best years in history in 2013 earning $2.724 million on assets of $243,766,298. We attribute our success to our personnel and local communities we support,” said Jim Rout, chief executive officer and president of the bank. “We take banking personally and are committed to providing a personal level of service where our customers matter. It’s a philosophy that has worked for us since our bank was founded in Memphis in 1934, almost 80 years ago.”
Headquartered in Collierville, Tennessee, BankTennessee has seven retail banking offices located in Collierville, East and Downtown Memphis, Germantown, Ripley, Atoka, and Lebanon in Middle Tennessee.
BankTennessee offers a full range of financial products and services including personal and business checking accounts, internet banking with web bill pay, mortgages, home equity lines of credit, custom construction loans, commercial and consumer loans, treasury management, remote capture and merchant card services. For more information, visit www.banktennessee.com