Commenting on the announcement, Lovelace said, "We are pleased to extend our operations in Middle Tennessee to Williamson County. Cool Springs is one of the fastest growing and most economically vibrant areas of the state, and we're excited to have an opportunity to take this next step in our expansion."
Continuing, Lovelace added: "This rapid growth, following the opening of our first branch in November, underscores the warm reception we have received in the area and the interest we have seen in our style of personal, community-oriented banking. We founded Middle Tennessee Bank & Trust with a fervent belief that banking is a relationship business and that customers bank with people, not institutions. In our view, this area has needed a strong community bank for some time, and we think it will truly benefit from our home-town focus and seasoned banking staff - one that is truly knowledgeable about the area and the people who live in Williamson County."
Lonnie Malone, Senior Vice President of Middle Tennessee Bank and Trust, will be the senior lender at the new branch. A banker for more than 35 years, Lonnie has spent much of that time living and working in the Franklin area. Before joining Middle Tennessee Bank and Trust last fall, he previously was Senior Vice President for Regions Bank in Franklin, where he served as a senior commercial lender. Lonnie is a graduate of the University of Tennessee at Nashville as well as the National Commercial Lending School at the University of Oklahoma and the Commercial Lending School at Louisiana State University. He also has earned the Certified Commercial Lender designation by the American Bankers Association.
Lovelace also announced that Ann Morrison Vanderhoof will assume the day-to-day management responsibilities of the new branch, joining Middle Tennessee Bank & Trust as Vice President and Branch Manager. Vanderhoof, who lives in Franklin, began her banking career in 1990 with Union Planters Bank in Nashville and most recently served there as Assistant Vice President and Assistant Branch Manager. She holds a B.S. degree in Business Administration, has several banking certifications from the American Institute of Banking, and a Consumer Credit certification from the Tennessee Bankers Association's Southern School of Consumer Credit.
Other senior officers located in this office will be Alan Williamson and Rob Carpenter. Williamson, a Nashville native, has more than 25 years of banking experience, most recently with Regions Bank, where he was Senior Vice President of Commercial Lending. A banker since 1992, Carpenter also was affiliated with Regions Bank, serving as Senior Vice President of Commercial Lending since 1997.
Completing the staff at the new Cool Springs office will be Alice Morton and Heather Ball in support positions.
Greeneville, Tennessee-based Greene County Bancshares, Inc. (NASDAQ/NM:GCBS), with total assets of approximately $1.3 billion, is the holding company for Greene County Bank and is the second largest bank holding company headquartered in Tennessee. Founded in 1890, Greene County Bank will have 41 branches throughout East and Middle Tennessee, upon the opening of the Cool Springs branch. As announced late last year, the Bank has established Middle Tennessee Bank & Trust to serve the metropolitan Nashville area, with plans to open offices throughout Davidson and Williamson Counties. Each banking location will operate as a branch office of Greene County Bank.