Volunteer State Bank
Volunteer State Bank, operating as Volunteer Bank, is a privately held community bank founded in 1976 that provides personal and business banking products, including checking, savings, loans, and treasury services, to consumers and SMBs across Middle Tennessee.
- Company typePrivate
- Founded1976
- HeadquartersPortland, United States
- Headcount101–250
- GTM typeB2B and B2C
- Offering—
What Volunteer State Bank does
Volunteer State Bank, operating under the Volunteer Bank brand, is a privately held community bank founded in 1976 and headquartered in Portland, Tennessee. The bank provides a full suite of personal and business banking products to consumers, households, and small-to-medium-sized businesses across Middle Tennessee. Its product portfolio spans checking accounts (Simply Checking, Simply Interest Checking, BankOn), savings products (Advantage Savings, Advantage Money Market, CDs, IRAs), home loans (mortgages, HELOCs, construction), consumer loans (personal, auto, credit cards), and an extensive commercial banking suite (Everyday, Prime, and Commercial Business Checking, IOLTA, business money market, business CDs, term loans, equipment loans, commercial real estate loans, lines of credit, letters of credit, and professional financing). Supporting services include digital banking via web and mobile app, Zelle peer-to-peer payments, CardHub card management, merchant card services, remote deposit capture, treasury management, investment services, and a surcharge-free ATM network. The bank is FDIC-insured and operates under the Lawrence Bank charter.
The underlying technology stack centers on a digital banking platform with online, mobile (iOS/Android), and 24/7 telephone banking channels, supplemented by integrations such as Zelle, CardHub, mobile wallet, and remote deposit capture. No public APIs or AI/ML capabilities are disclosed; the technology posture reflects standard community bank infrastructure rather than differentiated proprietary systems. The institution holds FDIC-insured deposits and complies with USA Patriot Act requirements.
Volunteer Bank generates revenue through traditional community bank mechanics: net interest income from a diversified loan portfolio (consumer mortgages, HELOCs, construction, commercial real estate, business term, equipment, and consumer credit), plus non-interest income from deposit fees, treasury management, merchant card services, credit card interchange, and investment services. The bank's go-to-market is community-led and direct-to-consumer, anchored in branch relationships across Middle Tennessee with digital channels layered on top. Volunteer Bank is owned by Gaylon Lawrence Jr., completed a merger with Fourth Capital Bank effective July 1, 2024 (expanding combined assets to over $1.6 billion), and is scheduled to align under the Lawrence Bank charter alongside F&M Bank effective January 1, 2026 — positioning the combined entity for 32 branches across Middle Tennessee by mid-2026.
Volunteer State Bank firmographics
Firmographics- Name
- Volunteer State Bank
- Legal name
- Volunteer State Bank
- Website
- https://volstatebank.com
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Volunteer State Bank, operating as Volunteer Bank, is a privately held community bank founded in 1976 that provides personal and business banking products, including checking, savings, loans, and treasury services, to consumers and SMBs across Middle Tennessee.
- Ownership category
- akta.pro rank
Volunteer State Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)
- akta.pro secondary industries
- Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where Volunteer State Bank is headquartered
LocationHeadquarters
- HQ city
- Portland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Volunteer State Bank business model
Business model- GTM type
- B2B and B2C
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income: Traditional banking revenue from interest earned on loans including home mortgages, home equity lines, personal loans, auto loans, business term loans, equipment loans, commercial real estate loans, and lines of credit
- Deposit Fees and Service Charges: Fees from checking accounts, savings accounts, money market accounts, and certificate of deposit accounts
- Business Services Fees: Merchant card services, treasury management services, remote deposit capture, and other business banking service fees
- Credit Card Fees: Fees and interest from consumer and business credit cards
- Investment Services: Investment services and IRA account management fees
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Various personal and business checking account tiers with different features and fee structures |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels3 records
Volunteer State Bank product offering
Product offeringCore offering
Volunteer State Bank (operating as Volunteer Bank) is a community bank providing full-service personal and business banking. Its core offerings include personal and business checking, savings, money market, CDs, and IRAs; home mortgages, HELOCs, construction, personal and auto loans; and business term, equipment, commercial real estate, and line of credit loans. The bank also delivers consumer and business credit cards, digital and mobile banking, treasury management, merchant card services, remote deposit capture, and investment services to Middle Tennessee customers.
Product overview
Volunteer Bank (formerly Volunteer State Bank) is a community bank offering a comprehensive suite of personal and business banking products. The portfolio includes checking and savings accounts (Simply Checking, Simply Interest Checking, BankOn, Advantage Savings, Advantage Money Market, CDs, IRAs) for personal customers, and business checking/savings accounts (Everyday Business Checking, Prime Business Checking, Commercial Checking, IOLTA, Money Market Business) for commercial clients. The bank provides various loan products spanning home loans (mortgages, HELOCs, construction), personal loans (unsecured, auto), and business loans (term loans, equipment, commercial real estate, lines of credit, letters of credit). Supporting services include Digital Banking with mobile app and Zelle integration, Treasury Management, Merchant Card Services, and Remote Deposit Capture for businesses. The bank operates primarily in Middle Tennessee following its 2024 merger with Fourth Capital Bank, expanding assets to over $1.6 billion.
Differentiator
Problem solved
Functional benefit
Companies that use Volunteer State Bank
Customer profileSegments3 records
Ideal customer profiles3 records
Volunteer State Bank technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
Volunteer State Bank partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- F&M BankcoreVolunteer Bank and F&M Bank will align under Lawrence Bank charter effective January 1, 2026. Both brands will be preserved with local identities. Combined entity will offer access to 32 branches across Middle Tennessee by mid-2026.
- Fourth Capital BankcoreMerger completed effective July 1, 2024. Fourth Capital Bank became part of Volunteer State Bank, expanding assets to over $1.6 billion. Fourth Capital branches will initially operate independently with full system integration scheduled for 2025. Both entities are owned by Gaylon Lawrence Jr.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Volunteer State Bank competitors and assessment
Company assessmentDirect peers
- Atlantic Capital Bancshares: Southeastern commercial bank with Tennessee presence targeting business banking, treasury, and commercial lending customers with comparable deposit and fee-based service profiles.
- Pinnacle Financial Partners: Nashville-headquartered community bank serving Middle Tennessee with comparable deposit, lending, and wealth management products; the most direct head-to-head competitor for Volunteer Bank in the Nashville MSA.
- FirstBank (Tennessee): One of Tennessee's largest community banks with a Middle Tennessee branch footprint, offering similar personal/business banking, mortgages, and treasury services to Volunteer Bank's target market.
- Wilson Bank & Trust: Lebanon, TN-based community bank with deep Middle Tennessee roots, directly overlapping Volunteer Bank's primary market and offering a comparable personal/business banking product suite.
- F&M Bank: Tennessee community bank slated to align with Volunteer Bank under the Lawrence Bank charter by Jan 2026; comparable community banking model, Middle Tennessee branch network, and customer segments.
- SmartBank: Tennessee-based community bank expanding across the Southeast with comparable personal/business banking and treasury services; competes for the same Middle Tennessee SMB and consumer segments.
- Reliant Bank: Brentwood, TN-based community bank serving the Nashville metro with similar business banking, treasury management, and lending products targeting the same SMB customer base.
- Avenue Bank: Nashville-based community bank with comparable commercial banking, treasury management, and relationship-driven business lending focus in the Middle Tennessee market.
Broad incumbents
- Renasant Corporation: Larger southeastern regional bank offering community banking, mortgage, and wealth management across multiple states including Tennessee; broader geographic reach but overlapping product set.
- Trustmark Corporation: Multi-state regional bank with Tennessee branches offering personal/business banking, mortgage, and wealth services; larger scale than Volunteer Bank but competes for the same regional deposit and lending customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Volunteer State Bank social profiles
Digital presenceVolunteer State Bank compliance and trust
Trust signalCompliance2 records
Volunteer State Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Volunteer State Bank leadership team
Management profileNumber of profiles
Volunteer State Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Volunteer State Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Volunteer State Bank M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Volunteer State Bank
What does Volunteer State Bank do?
Volunteer State Bank (operating as Volunteer Bank) is a community bank providing full-service personal and business banking. Its core offerings include personal and business checking, savings, money market, CDs, and IRAs; home mortgages, HELOCs, construction, personal and auto loans; and business term, equipment, commercial real estate, and line of credit loans. The bank also delivers consumer and business credit cards, digital and mobile banking, treasury management, merchant card services, remote deposit capture, and investment services to Middle Tennessee customers.
Is Volunteer State Bank a public or private company?
Volunteer State Bank is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Volunteer State Bank founded?
Volunteer State Bank was founded in 1976. It employs 101 to 250 people.
Where is Volunteer State Bank based?
Volunteer State Bank is headquartered in Portland, United States, in the North America region.
How does Volunteer State Bank make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are deposit Fees and Service Charges, business Services Fees, credit Card Fees and investment Services.
Who are Volunteer State Bank's main competitors?
Direct peers on record are Atlantic Capital Bancshares, Pinnacle Financial Partners, FirstBank (Tennessee), Wilson Bank & Trust, F&M Bank, SmartBank, Reliant Bank and Avenue Bank. Broad incumbents are Renasant Corporation and Trustmark Corporation.
Does Volunteer State Bank have an API?
No public API is recorded for Volunteer State Bank.
What industry is Volunteer State Bank in?
Volunteer State Bank's product category is Community Banking. Its primary akta.pro industry code is FSABADAE, Private Banking Lending (Securities-Backed, Real Estate, Structured Credit), with a secondary code of FSABAEAF, Cooperative Banks (Member-Owned Commercial/Retail). Its NAICS code is 52211 and its SIC code is 6022.