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The State Bank of Tennessee building is a historic building in Columbia, Tennessee, USA. It was built by Nathan Vaught from 1839 to 1840. [2] It was designed in the Greek Revival architectural style. [2] It has been listed on the National Register of Historic Places since November 2, 1978. [3]
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In the United States, a state bank is a bank in a U.S. state that is chartered by the government of that state, as opposed to a national bank which is chartered at the federal level. [ 1 ] [ 2 ] Overview
By 1974, the Butcher brothers owned or controlled eight banks, and Jake Butcher's United American Bank controlled 39% of the banking reserves in Knoxville, Tennessee. By 1982, UAB was responsible for over 50% of Knoxville's business loans, and Butcher's personal net worth was declared to be about $34 million. [ 1 ]
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As a result, 10 banks closed down in Tennessee as well as 15 banks in North Carolina and 70 banks in Arkansas, including 45 banks of A.B. Banks, an Arkansas-based subsidiary of the Bank of Tennessee. [6] The state affairs investigative committee of the Tennessee General Assembly called it the "greatest financial disaster which Tennessee has ...
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank , it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
The Tennessee Commissioner of Financial Institutions is the head of Tennessee's Department of Financial Institutions, which is responsible for regulating the bank system of that U.S. state. The Commissioner is appointed by the governor of Tennessee and is a member of the governor's Cabinet, which meets at least once per month, or more often to ...