F&M Bank News

oCTOBER 6, 2016

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

CLARKSVILLE, Tenn. — 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 (Sept. 30). 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 30, and includes 11 financial institutions in Montgomery County and three in Stewart County.

In Montgomery County over the previous 12 months:

In Stewart County over the previous 12 months:

“F&M Bank is fortunate to be located in one of our nation’s most rapidly expanding economies,” stated Sammy Stuard, chairman, president and CEO of F&M Bank. “The robust Middle Tennessee economic growth is attracting an influx of new banks into the region. However, thanks to our dedicated team of managers and staff, along with our many loyal customers, F&M continues to achieve profitable growth.”

sEPTEMBER 23, 2016

F&M Mortgage Hires Three Additional Originators

BRENTWOOD, Tenn. — F&M Bank has announced the addition of three new loan originators to its Brentwood Mortgage office located at 10 Cadillac Dr., Suite 100, in Brentwood/Maryland Farms. They are Tim Cornwell, Matt Freije and Stuart Johnson.

“The residential housing boom continues in Davidson and Williamson Counties which necessitates this move. With the addition of these three originators, our mortgage lending staff now increases to 18. We have been looking to add qualified personnel to our team for some time and are very pleased with the experience and strength they bring,” said Rodney Wilds, manager of the Brentwood mortgage office.

Tim Cornwell earned a bachelor’s degree from the University of Tennessee at Martin and brings more than 12 years of mortgage lending experience to F&M. Cornwell can be reached by calling 615-372-7701 or by email at tim.cornwell@myfmbank.com.

Matt Freije is a graduate of Vanderbilt University and was previously with Finworth Mortgage in Nashville. Freije can be reached by calling 615-372-7701 or by email at matt.freije@myfmbank.com.

Stuart Johnson, formerly with Finworth Mortgage, brings extensive business development, marketing and sales experience to F&M’s Brentwood office. Johnson is currently serving as a City Commissioner in Fairview. Previously, he served as the mayor of Fairview, being first elected at age 23, receiving the distinction of being the youngest mayor in Williamson County history. Johnson can be reached by calling 615-372-7701 or by email at stuart.johnson@myfmbank.com.

sEPTEMBER 22, 2016

Tracy Woodside Named New F&M Mortgage Originator

Hendersonville, Tenn. – F&M Bank has announced the addition of Tracy Woodside as a mortgage loan originator, headquartered in the bank’s mortgage center in Hendersonville located at 100 Bluegrass Commons Blvd, Suite 100.

“Hendersonville and the Sumner and Davidson County markets continue to enjoy a residential boom. Tracy’s experience and leadership skills will be of great benefit as we expand our presence there. We are extremely pleased to have Tracy on the F&M Mortgage team,” stated Brian Maggart, F&M Mortgage Manager.

Tracy can be reached by calling (615) 319-7480 or by email at tracy.woodside@myfmbank.com.

September 21, 2016

Simpson Named Commercial Lender at F&M Bank

Cookeville, TN – Donna Simpson has been named assistant vice president and commercial lender at F&M’s Cookeville Banking Office.

“She brings a wealth of banking and sales experience to F&M and her management background is a real plus for this position. Her knowledge of the Cookeville and the Putnam County market will be a real asset as we continue to grow F&M’s market share here”, stated Sammy Stuard, F&M President and CEO.

August 16, 2016

F&M Announces CardValet® Program

Clarksville, Tennessee — 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 Store® and immediately begin enjoying these features:


“F&M debit cardholders can now monitor their finances from anywhere, anytime with our new CardValet Mobile App. In addition, with the transaction controls feature, another layer of fraud protection is an added safeguard,” stated Sammy Stuard, bank president and CEO.

CardValet is a registered trademark of Fiserv, Inc. or its affiliates.

Learn more about CardValet.

AUGUST 8, 2016

Disaster Reconstruction Program

F&M Bank as a member of the Federal Home Loan Bank [FHLB] of Cincinnati can assist residents of the following TN counties included in TEMA Declared Disaster areas based severe weather and flooding between July 6-8, 2016. Grants of up to $20,000 are available to homeowners in declared disaster areas, and renters can qualify for $5,000 toward the purchase of a home. TN counties include Stewart, Sumner, Robertson, Benton, Henry, Houston, Davidson, Macon, Montgomery, Trousdale and Wilson. In Stewart county, representatives are on site until 6 p.m through Thursday, 8/12. More information is available on the FHLB website.

August 2, 2016

F&M Names Fleming Bank Manager

Kris FlemingLEBANON, Tenn. - Kris Fleming has been named Assistant Vice president and Branch Manager/Lender at F&M’s Lebanon Banking Office.

“She brings a wealth of banking and sales experience to F&M and her management background is a real plus for this position. Her knowledge of the Lebanon and Wilson County market will be a real asset as we continue to grow F&M’s market share there,” stated Sammy Stuard, F&M Bank President and CEO.

 

 

 

August 1, 2016

F&M Bank Offers THDA's "Take Credit" Mortgage Program

CLARKSVILLE, Tenn. — F&M Bank was the first Mortgage lender in Tennessee approved to offer the Tennessee Housing Development Agency’s (THDA) “Take Credit” program. Take Credit is a Mortgage Credit Certificate (MCC) program authorized by Congress in the 1984 Tax Reform Act.

A MCC is a not loan, it is applied for with a mortgage and permits eligible homebuyers to take a federal tax credit up to $2,000 maximum per year based on the mortgage interest paid by the homebuyer. The tax credit may be used to lower a homebuyer’s income tax liability each year the home remains owner occupied by the certificate holder (the homebuyer) ... it can amount up to $60,000 in savings over 30 years. The tax credit can be used with a VA, Conventional or FHA loan.

If you are a first time homebuyer, a military veteran or a repeat buyer buying a home in certain targeted areas, you may be eligible. “For a limited time, F&M Bank is waiving the $150 application fee as well as all processing costs,” according to Denise Alexander, Sr. Vice President and Mortgage Operations Manager.

For more information, click here.  F&M Mortgage Loan Originators are also available to assist you with the application process. For assistance, call 615-372-7734 in Davidson County, 615-372-7721 in Williamson County, 931-906-0005 in Montgomery and Stewart Counties, 615-496-8841 in Wilson County, 615-848-7900 in Rutherford County, 615-496-8841 in Putnam County and 615-824-2316 in Robertson and Sumner Counties.

jULY 22, 2016

Local Art Freshens F&M Bank's Interior

Stewart County native Beverly Parker captures scenes around county to augment redecorating at Dover branch. As a photographer, Beverly Parker thrives on capturing special moments and bringing a different perspective to commonplace. Those elements came together for the Stewart County native in her collection of photographs for F&M Bank’s Dover branch. Full Article

jUNE 29, 2016

F&M and Hargis Voted Favorites in Stewart County

DOVER, Tenn. — F&M Bank in Dover recently received three Readers Choice Awards from the Stewart Houston Times.
The bank was voted Favorite Bank and its vice president, Albert Hargis, was voted Favorite Banker and Favorite Mortgage Provider.
Hargis was humbled by the recognition and eager to share the spotlight... Continue Reading

may 31, 2016

7 Tips to Avoid Online Fraud

Every year, millions of consumers fall victim to cybercrime. According to the FBI’s Internet Crime Complaint Center, in 2014, consumers lost more than $800 million from scams initiated through the web. In recognition of Internet Safety Month in June, here are seven tips to help consumers protect themselves from online fraud.

May 10, 2016

F&M Bank Announces Officer Promotions

F&M Bank has promoted 20 employees within its officer ranks, according to Sammy Stuard, president/CEO and chairman.

“Dedication, expertise and commitment from our talented team members is evident to F&M customers whenever they have contact with our bank personnel,” Stuard said in a news release. “Our bank has continued to flourish due to diligence of our people and the strong customer relationships they foster. It is in recognition of exceptional service that these promotions are made.”

The following received promotions to senior vice president:

Khandra Smalley (Clarksville), from vice president/marketing research.

Pamela Settle-Kelley (Clarksville), from vice president/operations manager.

Donna Lancaster (Clarksville), also named director of internal audit/compliance, from vice president/director of regulatory compliance.

The following have been promoted to vice president:

Kathy Harris (Greenbrier), from assistant vice president/branch manager/lender.

Jason Hass (Clarksville), from mortgage loan originator.

Rod Hawkins (Clarksville), from mortgage loan originator.

Rose McCroy (Springfield), from assistant vice president/lender.

Tina Reed (Clarksville), from assistant vice president/human resources.

Rhonda McKinney (Clarksville), from assistant vice president/collateral services.

Craig Sanders (Hendersonville), from mortgage loan originator.

Sarah Schneider (Clarksville), named vice president/loan administration training, from assistant vice president/loan administration.

Mike Smalling (Brentwood), from mortgage loan originator.

Billy Winfree (Green Hills), from mortgage loan originator.

Chad Winn (Clarksville), from mortgage loan originator.

Suzanne Woods (Cookeville), from assistant vice president/branch manager/lender

Named to the position of assistant vice president are the following:

Tina Augustine (Clarksville), promoted to assistant vice president/branch administration training, from customer service representative.

Carrie Hendricks (Clarksville), from assistant controller.

Rachel Henson (Clarksville), from marketing assistant.

Alice Lisenbee (Clarksville), promoted to assistant vice president/branch administration training, from branch administration training.

Michelle Porter (Clarksville), from operations team leader.

April 29, 2016

Incidents of Ransomware on the Rise : Protect yourself and your organization

Federal Bureau of Investigation - Hospitals, school districts, state and local governments, law enforcement agencies, small businesses, large businesses—these are just some of the entities impacted recently by ransomware, an insidious type of malware that encrypts, or locks, valuable digital files and demands a ransom to release them.

The inability to access the important data these kinds of organizations keep can be catastrophic in terms of the loss of sensitive or proprietary information, the disruption to regular operations, financial losses incurred to restore systems and files, and the potential harm to an organization’s reputation.

And, of course, home computers are just as susceptible to ransomware, and the loss of access to personal and often irreplaceable items—including family photos, videos, and other data—can be devastating for individuals as well.  Read the rest of the FBI's article on ransomware.

aPRIL 6, 2016

Shannon Wheeler Named New F&M Mortgage Originator

Shannon WheelerF&M Bank has announced the addition of Shannon Wheeler as a mortgage loan originator, headquartered in the bank’s mortgage center in Murfreesboro at 1639 Medical Center Parkway.

“As Rutherford County continues to enjoy a residential boom, Wheeler’s 20 years of mortgage experience will be of great benefit as we expand our presence,” stated F&M Mortgage Manager Rodney Wilds. “His commitment to providing excellent customer service enabled him to develop a loyal client base in Davidson and Williamson Counties as well. We are extremely pleased to have Shannon on the F&M Mortgage team.”

Shannon can be reached by calling 615-417-6640 or by email at shannon.wheeler@myfmbank.com.

 

March 25, 2016

F&M Names Bell and Andrews to Bank Board

Steve Bell
Steve Bell
Dan Andrews
Dan Andrews

Steve Bell and Dan Andrews, Jr. have been named to the F&M Bank Board of Directors, according to Sammy Stuard, President and CEO.

“Steve and Dan bring a wealth of banking experience and knowledge to F&M and their combined knowledge of the Tennessee marketplace will contribute greatly as we seek new opportunities for growth across Tennessee,” commented Stuard.

Steve began his banking career 1973 with Piggott State Bank in Piggott, Arkansas. In 1993, he was named a vice president in Farmers Bank and Trust in Blytheville, Arkansas and in 1998 was named President and COO there. In 2003 he moved to Franklin, Tennessee to begin the start-up operations for Tennessee Bank & Trust. In 2006, he was named Chairman and CEO of the parent company there.

He attended Arkansas State University and is a graduate of the Banking School of the South at Louisiana State University. He has served on the Williamson County Library Foundation Board and is a 2006 graduate of Leadership Franklin.

Tennessee Bank & Trust and F&M Bank are owned by business executive Gaylon Lawrence, Jr. and are holdings of The Lawrence Group. Bell serves on all six of The Lawrence Group’s banking Boards of Directors located in Arkansas, Missouri and Tennessee.

Dan’s banking career began in 1979 with Nashville City Bank and later joined Commerce Union Bank where he was named a Vice President and Commercial Lender for their Middle Market Lending area. In 1988, AmSouth named him to its new Corporate Loan Office and later named him Head of Commercial Lending there. In 2005, he was named Executive Vice President of Tennessee Bank & Trust and named President of the Tennessee Market in 2006.

Additionally, he serves on the Board of Directors of Tennessee Bank & Trust’s parent company, Farmers Bank & Trust in Blytheville, Arkansas. He holds a bachelor’s degree in economics from Vanderbilt University in Nashville and is a graduate from the Stonier School of Banking at the University of Pennsylvania.

 March 16, 2016

F&M Bank Holds Ground Breaking for New Location in Hendersonville

Hendersonville Ground BreakingHendersonville Mayor Scott Foster joined Sammy Stuard, F&M Bank President and CEO, for the official ground breaking ceremony for its new bank in Hendersonville Tennessee.

Located at 221 Indian Lake Boulevard, the new 10,000 square foot facility will house the both F&M’s banking and mortgage divisions. Construction should take eight months and will replace its 100 Blue Grass Commons office.

“In September, 2008, we opened our F&M Mortgage Services office at 100 Blue Grass Commons Boulevard. From the beginning, it has been a major contributor to F&M’s success and it was quickly followed in the Spring of 2009 with the addition of banking services,” said stated Sammy Stuard, F&M President and CEO.  Read Full Article

 

March 4, 2016

IRS and US-CERT Caution Users: Prepare for Heightened Phishing Risk This Tax Season

US-CERT and the IRS cautions users to remain aware of phishing attempts to obtain sensitive data, credentials, and payment information.

Overview

Throughout the year, scam artists pose as legitimate entities—such as the Internal Revenue Service (IRS), other government agencies, and financial institutions—in an attempt to defraud taxpayers. They employ sophisticated phishing campaigns to lure users to malicious sites or entice them to activate malware in infected email attachments. To protect sensitive data, credentials, and payment information, US-CERT and the IRS recommend taxpayers prepare for heightened risk this tax season and remain vigilant year-round.

Remain alert

Phishing attacks use email or malicious websites to solicit personal information by posing as a trustworthy organization. In many successful incidents, recipients are fooled into believing the phishing communication is from someone they trust. An actor may take advantage of knowledge gained from research and earlier attempts to masquerade as a legitimate source, including the look and feel of authentic communications. These targeted messages can trick any user into taking action that may compromise enterprise security.

Spot common elements of the phishing lifecycle

  1. A Lure: enticing email content.
  2. A Hook: an email-based exploit.
    • Email with embedded malicious content that is executed as a side effect of opening the email
    • Email with malicious attachments that are activated as a side effect of opening an attachment
    • Email with “clickable” URLs: the body of the email includes a link, which displays as a recognized, legitimate website, though the actual URL redirects the user to malicious content
  3. A Catch: a transaction conducted by an actor following a successful attempt.
    • Unexplainable charges
    • Unexplainable password changes

Understand how the IRS communicates electronically with taxpayers

Take action to avoid becoming a victim

If you believe you might have revealed sensitive information about your organization or access credentials, report it to the appropriate contacts within the organization, including network administrators. They can be alert for any suspicious or unusual activity.

Watch for any unexplainable charges to your financial accounts. If you believe your accounts may be compromised, contact your financial institution immediately and close those accounts.

If you believe you might have revealed sensitive account information, immediately change the passwords you might have revealed. If you used the same password for multiple accounts, make sure to change the password for each account and do not use that password in the future.

Report suspicious phishing communications

If you are a victim of any of the above scams involving IRS impersonation, please report to phishing@irs.gov, file a report with the Treasury Inspector General for Tax Administration (TIGTA), the Federal Trade Commission (FTC), and the police.

March 1, 2016

Jimmy Bryant Named F&M Lender

Jimmy BryantJames R. (Jimmy) Bryant, former lender at Legends Bank, has been named a commercial lender at F&M Bank in Clarksville. Jimmy is a graduate of Austin Peay State University and has over ten years experience as both a commercial and a consumer lender. He will be headquartered at F&M’s St. Bethlehem Office.

“Jimmy’s financial services experience as both a loan specialist and personal banker, combined with his knowledge of the Montgomery County market will be a real asset as we continue to grow F&M’s market share in Clarksville and the surrounding area", stated Sammy Stuard, F&M Bank President and CEO.

 

 

fEBRUARY 25, 2016

NMBA Recognizes F&M's Michael Smalling

Michael SmallingMichael Smalling, F&M Mortgage Loan Originator, was recognized by the Nashville Mortgage Bankers Association as the recipient of two of its most prestigious awards presented during the Associations annual dinner held recently.

Smalling, a twenty-five year veteran of the mortgage services business, was presented with a Production Award for closing in excess of $50 million in mortgage loans. In addition, he received the Community Lending Award for his leadership in starting the Home for Homes Program. It is a non-profit organization comprised of individuals connected to the housing industry working to fund the housing needs of the poor and oppressed in impoverished countries.

“We are extremely proud of the Michael’s leadership, experience and his keen understanding of today’s mortgage services environment. We congratulate him on these well-deserved awards,” stated Rodney Wilds, manager of the Brentwood F&M Mortgage office.

jANUARY 26, 2016

Receive a Fraudulent Text Message?

Fraudulent text messages are being sent to consumers in an effort to steal personally identifiable information. Text broadcasts are commonly used by fraudsters to reach large audiences of potential victims. This scam is quite common and often operates simultaneously in multiple states.

HOW IT WORKS
Automated texts are being broadcast that warn consumers to respond regarding their account.
A recent text example: “(F&M Bank) Important message regarding your account! Please respond -<****.f-and.F-bank.info″.

We will NEVER send you a text message asking for your personal information. If you feel as though a text message, email, or phone call is suspicious, please immediately call us at 800.645.4199 to verify the request for information.

dECEMBER 28, 2015

Brad Barrett Named F&M Bank Director

Brad BarrettCLARKSVILLE, Tenn — Brad Barrett, former president of The Tennessee Bankers Association (TBA), has been named to the F&M Bank Board of Directors, according to Sammy Stuard, president and CEO.
“Brad brings a wealth of banking knowledge to F&M and his over 20 years of leadership at the helm of the TBA will contribute greatly as we seek new opportunities for growth across Middle Tennessee,” commented Stuard.

Following F&M’s recent sale to Nashville-area businessman Gaylon Lawrence Jr., Barrett joins the bank at an exciting time. Lawrence’s ownership of Middle Tennessee’s eighth largest bank will increase the bank’s capital and further position F&M for continued growth. Lawrence stated, “Brad’s banking expertise and his knowledge of Tennessee’s financial marketplace will add strength to F&M’s leadership.”

In response, Barrett said “since my career began over 45 years ago, the banking industry has undergone dramatic changes that challenge today’s banks and bankers. I have been impressed with the F&M franchise and have witnessed its transformation from a small bank in Stewart County to a thriving and successful regional bank. I am truly honored to have been asked serve on the F&M board and look forward to being part of the bank’s bright future.”

Barrett served as president of The Tennessee Bankers Association from 1992 until 2013. He is a graduate of the University of Tennessee in Knoxville, having earned his BS degree in finance. He subsequently completed the Institute for Organization Management program at the University of Oklahoma.

Professionally, Barrett served two terms as chairman of the board of trustees for the Graduate School of Banking at Louisiana State University. He has been active in the American and Tennessee Societies of Association Executives. He served as a member of the board of directors and executive committee of BancInsure and served as an executive committee member and past chairman of the State Association Division of the American Bankers Association. In addition, Barrett served on the board of directors of the Tennessee Senior Housing Crime Prevention Foundation.

He is married to the former Diane Poynor and they reside in Nashville. They are the parents of Colin (Rachel) Barrett, Bradley Barrett Jr. and Andrew (Julie) Barrett.

December 4, 2015

Don’t Take the Bait; Avoid Phishing and Malware to Protect Your Personal Data

IRS Security Awareness Tax Tip Number 2, November 30, 2015 - “Update your account now.” “You just won a cruise!” “The IRS has a refund waiting for you.”
In the cyber world of phishing, the sentences are “bait” – lures from emails, telephone calls and texts all designed to separate you from your cash, your passwords, your social security number or your very identity.

The IRS has teamed up with state revenue departments and the tax industry to make sure you understand the dangers to your personal and financial data. Taxes. Security. Together. Working in partnership with you, we can make a difference.

No doubt you’ve heard that warning to beware of phishing many times. But, phishing remains a problem because it works. Cybercriminals on a daily basis concoct new ways to trick people into turning over cash or sensitive data that can affect your taxes.

When it comes to this type of crime, the main line of defense is not technology, it is you...  Read the full article.

November 23, 2015

BRIAN JONES NAMED COMMERCIAL LENDER FOR F&M BANK

Brian JonesSumner County---F&M Bank has hired Brian Jones as a Vice President and Commercial Lender for its Sumner County Markets. “Brian has over twenty years of banking experience and his knowledge of the Hendersonville and White House area just adds strength to our presence there,” said Sammy Stuard, President and CEO of F&M Bank.

Brian hold a Bachelor’s Degree in Business Administration from the University of Tennessee at Knoxville. He has also completed coursework through the American Institute of Banking and is a graduate of the Tennessee Bankers Association’s Southeastern School of Commercial Lending. His office will be located at the F&M Bank in White House and he can be reached by calling (615) 389-1165 (Cell) or his office at (615) 672-1660, or by email at brian.jones@myfmbank.com.

 

October 6, 2015

October is National Cyber Security Awareness Month

We now live in a world that is more connected than ever before. The Internet touches almost all aspects of everyone’s daily life, whether we realize it or not. We connect with friends and family, conduct business and banking online and rely on many services, like transportation and electricity, that are supported with online systems.

National Cyber Security Awareness Month is designed to engage and educate public and private sector partners through events and initiatives with the goal of raising awareness about cybersecurity and increasing the resiliency of the nation in the event of a cyber incident. National Cyber Security Awareness Month takes place each October and is sponsored by the Department of Homeland Security.

Here are 7 Tips for Protecting Yourself Online.

 

August 25, 2015

Andrew Chelton Named New F&M Mortgage Lender

Andrew CheltonBrentwood, Tenn. — F&M Bank has announced the addition of Andrew Chelton as a mortgage loan originator, operating out of the bank’s mortgage center at 10 Cadillac Dr., Suite 100 in Brentwood/Maryland Farms.

“As Davidson and Williamson Counties continue to enjoy a residential boom, we look to add qualified personnel to our staff. Andrew‘s business development, marketing and sales experience add strength to our presence there. We are pleased to have him on our staff,” stated Rodney Wilds, manager of the Brentwood mortgage office.

Andrew can be reached by calling (615) 400-2086, or by email at andrew.chelton@myfmbank.com.

 

 

July 31, 2015

F&M Plans new Hendersonville location

Future Hendersonville BranchHENDERSONVILLE, Tenn. – Clarksville-based F&M Bank has announced plans to construct a new 10,000-square-foot facility at 221 Indian Lake Blvd. in Hendersonville.In September 2008, F&M Mortgage Services opened at 100 Bluegrass Commons Blvd., which was quickly followed in the spring of 2009 with the addition of banking services at the same location.

“From the beginning, our mortgage operation has been a major contributor to F&M’s success in Sumner County. This immediate success and subsequent growth of our combined services were indications that within a few years a larger facility would be needed,” said Sammy Stuard, F&M President and CEO, in a news release. “We saw value in the Indian Lake property and soon purchased a lot for future expansion. Now, that time is here and we are really excited about our new facility.”

The new branch will feature drive-up access, a 24-hour ATM, safe deposit box availability and an array of services currently not available in the limited space at the current location, bank officials said.

“There will be plenty of parking and accessibility will be much easier,” said Brad Edwards, vice-president and branch manager. “In addition, the new facility will enhance the bank’s ability to service the residential mortgage needs of the robust housing market in Sumner County.”

A groundbreaking is being planned for early October.

 

July 27, 2015

The ideal suitor: With new Nashville owner, F&M Braces for growth

Nashville Business Journal -- For F&M Bank, Nashville-area businessman Gaylon Lawrence Jr. presented the ideal suitor: Someone who could keep the bank intact and position it for future growth.

Lawrence, who also owns the parent company of Tennessee Bank & Trust in Franklin, entered a deal last week to take sole ownership of Clarksville’s F&M, the eighth-largest bank based in Middle Tennessee by assets. Terms were not disclosed.

“Basically, this is not a traditional merger where you will have 30 percent cost savings that leads to a loss of departments and people,” Sammy Stuard, F&M’s CEO, told me Monday. “[Lawrence] is a great operator of community banks. He’s a big believer in community banking and we really like his model. … He buys the bank and allows the management and employees to continue to run it.”... read full article here.