Question 1

What is One Bank of Tennessee?

Accepted Answer

One Bank of Tennessee is a community-focused commercial bank headquartered in Cookeville, Tennessee, specializing in commercial lending services. With approximately $1.67 billion in total assets and $1.49 billion in deposits, the bank operates 20 branch locations throughout Tennessee's Upper Cumberland region and surrounding counties.

The institution is a state-chartered commercial bank supervised by the FDIC and operates as a subsidiary of BPC Corporation, a bank holding company formed in 1980. One Bank of Tennessee maintains a strong focus on serving local communities with personalized banking services.

Question 2

When was One Bank of Tennessee founded?

Accepted Answer

One Bank of Tennessee was founded on October 2, 1901, originally as the Bank of Monterey. Several community leaders joined together to establish the bank to provide financial services to the town of Monterey and the surrounding area, which was experiencing growth from logging, coal mining, mountain resorts, and rail service. On its first day of operation, the bank's deposits totaled $2,284.94 and its first loan was issued for $9.50.

The institution underwent significant expansion and transformation throughout its history. In 1976, it opened an office in Cookeville and changed its name to the Bank of Putnam County. In 2020, the bank unified all its offices under a single name: One Bank of Tennessee, consolidating the various regional banking offices that had operated under different names for decades.

Question 3

Where is One Bank of Tennessee headquartered?

Accepted Answer

One Bank of Tennessee is headquartered at 140 S. Jefferson Avenue in Cookeville, Tennessee. Cookeville, located in Putnam County, serves as the primary base of operations for the bank and is positioned in Tennessee's Upper Cumberland region.

Question 4

Where does One Bank of Tennessee operate?

Accepted Answer

One Bank of Tennessee operates 20 branch locations across multiple counties in Middle and East Tennessee. The bank's service area includes Putnam, Cumberland, White, Overton, Fentress, Morgan, Roane, and Scott counties.

Major communities served include Cookeville, Crossville, Monterey, Livingston, Sparta, Jamestown, Clarkrange, Baxter, Wartburg, Oneida, Oliver Springs, Oak Ridge, Kingston, and various smaller communities including Fairfield Glade and Lake Tansi. The bank maintains a concentrated presence throughout the Upper Cumberland region, with multiple branches in key markets like Cookeville and Crossville.

Question 5

What services does One Bank of Tennessee offer?

Accepted Answer

One Bank of Tennessee provides comprehensive personal and business banking services. Personal banking offerings include checking and savings accounts, mortgage loans, construction loans, home equity lines of credit, and consumer lending products.

Business banking services feature checking accounts, commercial loans, wire transfers, and specialized commercial lending solutions. The bank also operates subsidiary divisions including One Insurance of Tennessee (formerly BPC Insurance Services), which provides property and casualty insurance coverage, and One Investment of Tennessee (formerly BPC Investments), offering brokerage and investment services.

Digital banking services are available through mobile banking apps for iOS and Android devices, online banking platforms, and 24/7 customer support via online chat and text. The bank also provides mortgage services through its mortgage division and operates video teller locations at select branches.

Question 6

What makes One Bank of Tennessee unique?

Accepted Answer

One Bank of Tennessee distinguishes itself through its deep roots in the Upper Cumberland region, spanning over 120 years of community service. The bank positions itself as a "one-stop shop" for financial needs by integrating banking, insurance, and investment services under a unified brand.

The institution demonstrates community commitment through initiatives like the Rex Hitchcock Memorial Scholarship, awarded annually to nine local high school seniors. The bank's acquisition strategy has enabled it to expand thoughtfully within its regional market, including the 2019 acquisition of Citizens First Bank of Wartburg, which added five branches and strengthened its presence in East Tennessee.

With a commercial lending specialization and local decision-making authority, One Bank of Tennessee offers personalized service while maintaining strong financial performance metrics, including a return on equity of approximately 25%.

Question 7

What type of financial institution is One Bank of Tennessee?

Accepted Answer

One Bank of Tennessee is a state-chartered commercial bank with commercial lending specialization. It is supervised by the Federal Deposit Insurance Corporation (FDIC) and is not a member of the Federal Reserve System.

As a commercial bank, the institution focuses on serving both retail customers and businesses, with particular strength in commercial and industrial lending alongside real estate-secured lending. The bank operates as an S-corporation and exercises fiduciary powers, allowing it to provide trust and wealth management services to its customers. As a state-chartered institution, it operates under Tennessee state banking regulations while maintaining FDIC insurance, which has been in place since January 1, 1934.

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