F&M Bank

What F&M Bank does

F&M Bank is a Middle Tennessee community bank founded in 1906, now operating as a division of Lawrence Bank following the January 2026 legal consolidation with Volunteer Bank. The combined organization holds approximately $3.2 billion in assets, operates 28 full-service branches across nine counties (Davidson, Dickson, Montgomery, Robertson, Rutherford, Stewart, Sumner, Williamson, and Wilson), and employs roughly 499 people. F&M serves individual consumers, small-to-mid-size businesses, agricultural operations, and retirement savers with deposit products (checking, savings, money market, CDs, IRAs), consumer and commercial lending (mortgages, HELOCs, personal loans, business loans, credit cards), and treasury management and merchant services for commercial clients. Local decision-making and relationship-based banking are central to its go-to-market, complemented by a digital banking platform and unified mobile app launched in June 2026.

The bank runs a unified core banking platform supporting integrated consumer and business banking, with electronic services including online and mobile banking, eStatements, bill pay, mobile check deposit, Zelle peer-to-peer payments, and card management controls. Business banking incorporates ACH origination, Positive Pay, Remote Deposit Capture, wire origination, sweep services, and Direct Connect QuickBooks integration. Revenue is generated primarily through net interest income on the loan portfolio funded by deposits, supplemented by fee-based non-interest income from overdrafts, treasury management, merchant services, and card interchange. The bank also monetizes mortgage origination, consumer and business credit cards issued through Elan Financial Services on Visa and Mastercard networks, and a Fiserv-powered uChoose Rewards debit-card program.

F&M's distribution is hybrid: physical branches supported by 24/7 ATMs and MoneyPass network access for geographic reach, alongside self-serve digital channels for transactions and account opening. Marketing emphasizes community engagement, financial-literacy content, and a 119-year brand heritage. Leadership is anchored by Tony Gregory as Chairman, President and CEO of Lawrence Bank, with DeWayne Olive as COO and John Wallace, Jr. continuing as President of the F&M brand. The bank is privately held, with Gaylon M. Lawrence, Jr. as controlling owner and no venture or institutional equity rounds disclosed.

Name

F&M Bank

Legal name

Lawrence Bank

Website

https://myfmbank.com

Company type

Private

Founded year

1906

Operating status

Operating

Headcount range

251–500 employees

Short description

F&M Bank is a 1906-founded Middle Tennessee community bank, now a division of Lawrence Bank, operating 28 branches across nine counties with $3.2B in combined assets. It serves consumers, small businesses, and agricultural clients with deposits, lending, treasury management, and digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD)

Keywords

• Community banking
• Personal banking
• Business banking
• Mortgage lending
• Treasury management

Headquarters

HQ city

Clarksville

HQ country

United States

HQ region

North America

Offices29 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Traditional banking revenue from interest earned on loans (mortgages, personal loans, business loans, commercial loans, HELOCs) minus interest paid on deposits (checking, savings, money market, CDs). Core revenue driver for community bank.
2. Non-Interest Income: Fee-based revenue including overdraft fees, ATM fees, wire transfer fees, treasury management fees, merchant services fees, and credit card interchange income.
3. Deposit Services: Revenue from offering deposit accounts (checking, savings, CDs, IRAs) used to fund lending operations. Interest rate spread between borrowing and lending rates generates income.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

F&M Bank is a community bank providing personal and business deposit accounts, consumer and commercial loans, mortgages, and treasury management services through a 28-branch network across 9 Middle Tennessee counties and digital banking platforms. Operating as a division of Lawrence Bank since the January 2026 consolidation with Volunteer Bank, the bank offers checking, savings, money market, CDs, IRAs, HELOCs, credit cards, merchant services, and remote deposit capture to retail consumers, small and mid-size businesses, agricultural operators, and retirement savers in Tennessee.

Product overview

F&M Bank operates as a community banking organization offering a comprehensive suite of personal and business financial products through its digital and branch banking channels. The product portfolio centers on deposit accounts (checking, savings, money market, CDs, IRAs), lending solutions (mortgages, HELOCs, personal loans, business loans), and business services (treasury management, merchant services, remote deposit capture). Digital banking capabilities include online and mobile platforms, Zelle P2P payments, and QuickBooks/Quicken integration. The bank recently unified with Volunteer Bank under the Lawrence Bank charter (effective January 2026), completing systems integration in June 2026 to offer combined services across 28 branches in nine Middle Tennessee counties.

Differentiator

Problem solved

Functional benefit

Brands

• Volunteer Bank: A division of Lawrence Bank serving Middle Tennessee communities alongside F&M Bank. Founded in 1977, operates 17 full-service branches in Davidson, Robertson, Rutherford, Sumner, Williamson and Wilson counties.

Products and services

• Simply Checking Basic personal checking account designed for individual consumers seeking a no-fee everyday banking relationship.
• Simply Interest Checking Interest-earning personal checking account for consumers who maintain at least $1,000 in collected balances.
• BankOn Checking Accessible entry-level personal checking account targeted at consumers seeking low-barrier banking with no monthly fee.
• Advantage Savings Personal savings account for individual consumers building liquid reserves with quarterly interest and balance-based fee waivers.
• Advantage Money Market Tiered personal money market account for consumers seeking higher yields on larger balances with limited transaction access.
• Certificates of Deposit (CDs) Fixed-rate consumer certificates of deposit offering FDIC-insured, predictable returns across multiple terms with promotional specials.
• Individual Retirement Accounts (IRAs) Tax-advantaged personal retirement savings vehicles (Traditional, Roth, Rollover, SEP, and IRA Plus) for individuals planning for retirement.
• Mortgages Residential mortgage products for consumers purchasing or refinancing homes, including conventional, government-backed, jumbo, and first-time homebuyer programs.
• Home Equity Line of Credit (HELOC) Variable-rate home equity line of credit enabling consumers to borrow against residential equity for one-time expenses or revolving access.
• Personal Loans Unsecured and installment consumer financing products for one-time expenses or revolving personal credit needs.
• Consumer Credit Cards Personal credit cards underwritten through Elan Financial Services with rewards, cash back, or credit-building variants for individual cardholders.
• Everyday Business Checking Basic business checking account for small Tennessee businesses with limited transaction volumes and no monthly service charge.
• Prime Business Checking Growth-oriented business checking account for companies with higher transaction volumes and Treasury Management needs.
• Commercial Checking Analysis-based high-volume business checking account for commercial enterprises with significant transaction activity and treasury needs.
• IOLTA Checking Statutory Interest on Lawyer Trust Account deposit product for Tennessee attorneys managing client funds in compliance with Tennessee Bar rules.
• Business Savings Liquidity savings account for small and mid-size businesses to hold operating reserves with FDIC insurance.
• Business Certificates of Deposit Fixed-rate business time deposits offering predictable yields for companies parking excess cash across multiple term lengths.
• Business Loans Commercial and agricultural lending products for Tennessee businesses, including real estate, construction, equipment financing, and operating lines of credit.
• Business Credit Cards Business credit cards issued through Elan Financial Services for company spending, with rewards, low-rate, or cash-back configurations.
• Treasury Management Solutions Cash management services for businesses that originate ACH payments and collections, process wire transfers, sweep balances, and detect payment fraud.
• Merchant Services Card-present and card-not-present payment acceptance for merchants processing customer debit, credit, gift card, and mobile wallet transactions.
• Remote Deposit Capture Check deposit capture service enabling businesses to scan and submit checks electronically for same-day processing without branch visits.
• Night Depository After-hours secure deposit service allowing business customers to drop cash and checks at branch night depositories for next-business-day crediting.
• Digital Banking (Online/Mobile) Online and mobile banking service for personal customers providing 24/7 account access, bill pay, mobile check deposit, card management, alerts, and eStatements.
• Business Digital Banking Online and mobile banking service for business customers with account management, bill pay, check deposits, transfers, and QuickBooks Direct Connect integration.

Quantifiable outcome

• Asset growth from $1.1 billion (2018) to $3.55 billion (2026)
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature2 records

Partnerships

Five partnerships are on record, tiered core.

• IntuitcoreTechnology or Integration · 5 June 2026Systems integration with QuickBooks and Quicken for business accounting connectivity. Following the June 2026 systems upgrade, customers can reconnect their F&M accounts for direct transaction synchronization.
• GreenlightcoreStrategic or Co-development PartnerF&M Bank partners with Greenlight to offer a debit card and mobile app designed for kids and teens. F&M customers receive the Greenlight SELECT plan at no cost during a complimentary period when an eligible F&M account is added as the funding source. The partnership provides financial literacy tools for families.
• ZellecoreTechnology or IntegrationPartnership with Zelle to enable fast peer-to-peer money transfers directly from F&M accounts. Customers can send and receive money within minutes to enrolled recipients through online banking or mobile app.
• Elan Financial ServicescoreTechnology or IntegrationCredit card issuer and processor for F&M consumer and business credit cards. Elan provides card management, fraud protection, and zero fraud liability for unauthorized transactions.
• MastercardcoreTechnology or IntegrationCard network for debit and credit cards issued by F&M Bank. Enables worldwide acceptance and provides payment processing infrastructure.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• SmartFinancial: Tennessee-based community bank operating across Middle and East Tennessee. Comparable full-service consumer/business banking model targeting similar local markets with branch-based distribution.
• Pinnacle Financial Partners: Nashville-headquartered community bank serving Tennessee with full-service consumer and business banking. Most directly comparable to F&M given shared Tennessee focus and similar commercial banking orientation.
• Wilson Bank & Trust: Tennessee community bank headquartered in Lebanon serving Middle Tennessee markets including Wilson County (which F&M also serves). Closely comparable community banking model with deposit and lending focus on local markets.
• Bank of Tennessee: Tennessee community bank serving Upper East Tennessee and Knoxville-area markets with consumer and commercial banking. Comparable community banking model with similar product set.
• Heritage Bank (TN): Tennessee community bank offering consumer and commercial banking across Middle Tennessee. Direct community-bank competitor with overlapping branch markets and product suite.

Broad incumbents

• First Horizon Corporation: Memphis-based regional banking franchise with significant Tennessee presence across consumer, commercial, and wealth segments. Larger and broader portfolio than F&M, but overlapping Middle Tennessee footprint.
• Citizens Financial Group: Large regional bank with established Nashville-area commercial banking presence. Competes for the same commercial banking and treasury management customers as F&M in Middle Tennessee.
• Truist Financial Corporation: Top-10 U.S. bank with significant Nashville and Middle Tennessee retail and commercial presence. Competes directly against F&M in Nashville/Franklin/Murfreesboro consumer and SMB banking.
• ServisFirst Bank: Southeast regional bank offering commercial and consumer banking across multiple states including Tennessee. Comparable business banking orientation but at broader geographic scale.

Regional players

• Franklin Synergy Bank: Tennessee community bank serving Williamson County and greater Nashville with personal and business banking. Highly comparable geography given F&M's strong Williamson County (Franklin/Cool Springs) presence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/myfmbank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about F&M Bank