Bank of Tennessee

What Bank of Tennessee does

Bank of Tennessee is a privately held, FDIC-insured community bank headquartered in Johnson City, Tennessee, operating as the banking subsidiary of holding company BancTenn Corp. Founded in 1973 and operating for 47+ years as of 2020, the bank serves consumer, small business, commercial, mortgage, and wealth management customers through 21 branch locations across East and Middle Tennessee and western North Carolina, organized under three brands: Bank of Tennessee (parent division), Carter County Bank, and Mountain Community Bank.

The bank offers a full-service retail and commercial banking product set — checking, savings, CDs/IRAs, debit/credit cards, personal and home equity loans, residential mortgages (including FHA/VA/USDA/THDA), commercial and commercial real estate lending, and treasury management — delivered through a hybrid of physical branches (including an extended-hours 'Drive Thru Plus' service) and digital channels (online banking, mobile app with Zelle, Autobooks invoicing with Tap to Pay for iPhone, QuickBooks-integrated CheckSync, and Positive Pay fraud protection). Wealth management is delivered through an LPL Financial partnership rather than in-house. Technology is built primarily on third-party integrations (FIS for business RDC, Autobooks, Zelle, QuickBooks, LPL); no proprietary AI/ML is disclosed.

The revenue model is a classic community-bank model: net interest income from personal, mortgage, and commercial lending is the primary engine, supplemented by deposit/service fees, mortgage origination and servicing fees, and referral/advisory fees from the LPL wealth management relationship. The go-to-market is relationship-led and locally branded, with no public pricing disclosed and no venture or PE capital raised — the bank remains under long-term local ownership anchored by the Greene family via BancTenn Corp. Customer concentration is low and dispersed across retail households and SMBs in TN/NC, with no named enterprise anchors disclosed.

Name

Bank of Tennessee

Legal name

Bank of Tennessee

Website

https://bankoftennessee.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Short description

Bank of Tennessee is a privately held, FDIC-insured community bank headquartered in Johnson City, TN, operating 21 branches across Tennessee and North Carolina under the Bank of Tennessee, Carter County Bank, and Mountain Community Bank brands, serving consumer, small business, commercial, mortgage, and wealth management customers through relationship-led banking and a third-party-integrated digital platform.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Community banking services
• Retail banking
• Commercial lending
• Residential mortgages
• Wealth management

Headquarters

HQ city

Johnson City

HQ country

United States

HQ region

North America

Offices16 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Income generated from lending activities including personal loans, home loans, mortgages, home equity lines of credit, business loans, commercial loans, and commercial real estate loans. Interest earned on deposits and loan portfolios represents core banking revenue.
2. Fee-Based Services: Service charges on deposit accounts, overdraft fees, wire transfer fees, ATM fees, and other banking service charges. Includes fees for business services like cash management and treasury services.
3. Wealth Management: Investment and wealth management services through partnership with LPL Financial, generating fee income from advisory services and investment products. Note: investments are not FDIC insured and may lose value.
4. Mortgage Banking: Revenue from mortgage originations including fixed rate mortgages, adjustable rate mortgages, FHA loans, VA loans, USDA loans, construction loans, and THDA loans. Revenue generated from origination fees and servicing.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Bank of Tennessee is a locally owned community bank offering a full suite of deposit, lending, and payment products to consumers, small businesses, and commercial clients through 21 branches in East and Middle Tennessee and North Carolina. Core offerings include personal and business checking and savings accounts, mortgages and home equity lending, commercial loans, treasury and cash management services, fraud protection tools (Positive Pay, ACH Blocks/Filters), and wealth management delivered through a partnership with LPL Financial.

Product overview

Bank of Tennessee is a locally owned community bank offering a comprehensive suite of banking products and services through three divisions: Bank of Tennessee, Carter County Bank, and Mountain Community Bank. The core product portfolio spans personal and business banking with checking, savings, and lending products, enhanced by digital banking capabilities including mobile and online platforms. The bank differentiates through service features like Drive Thru Plus (extended drive-thru hours) and integrated business tools including Autobooks for invoicing with Tap to Pay for iPhone, and QuickBooks integration via CheckSync. Fraud protection services including Positive Pay, ACH Blocks, ACH Filters, and ACH Positive Authorization serve business clients. Mortgage products are offered through the bank's mortgage division covering conventional, FHA, VA, USDA, and state-affiliated THDA programs. Wealth management is provided through a partnership with LPL Financial.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking account offering unlimited check writing, debit card access, and integration with mobile and online banking platforms for day-to-day consumer banking needs.
• Perfect Savings Savings account earning interest on balances of $100 or more with tiered interest rates on higher balances, free automatic transfers from checking, and a $100 minimum opening deposit.
• BOLD Checking Business checking account with features for growing businesses, including cash management tools and integration with Autobooks for invoicing.
• Money GPS: Cash Management Business cash management service providing tools for tracking, managing, and optimizing business cash flow and liquidity.
• Autobooks Digital invoicing and payment collection platform enabling businesses to create professional invoices and accept online payments from customers.
• Tap to Pay for iPhone Contactless in-person payment solution for iPhone using Autobooks integration, allowing businesses to accept payments directly through the Bank of Tennessee mobile banking app without additional hardware.
• Drive Thru Plus Extended drive-thru banking service providing live teller assistance 12 hours per day, six days per week including Saturday, at select branch locations.
• Mobile & Online Banking Digital banking platform enabling customers to access accounts, transfer funds, pay bills, deposit checks, and manage finances through web and mobile applications 24/7.
• Positive Pay Fraud prevention tool for businesses that matches issued checks against those presented for payment, flagging discrepancies for customer review before processing.
• CheckSync Automated check file synchronization feature integrating QuickBooks Online with Positive Pay, eliminating manual uploads and reducing the six-step process to one streamlined workflow. Included at no charge in business checking accounts.
• ACH Blocks and Filters ACH fraud protection services that block all ACH debits from posting or allow businesses to specify authorized companies permitted to debit their accounts, filtering and blocking all other incoming ACH transactions.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity, allowing borrowers to access funds as needed for major purchases, debt consolidation, or home improvements.
• Home Loans / Mortgages Residential mortgage lending including fixed-rate, adjustable-rate, FHA, VA, USDA, construction, and THDA loans for home purchase and refinancing across Tennessee markets.
• Wealth Management Comprehensive wealth management services including investments, financial planning, and portfolio management delivered through partnership with LPL Financial.
• Personal Loans Personal lending products for individual consumer borrowing needs.
• Home Improvement Loans Loans for home renovation and improvement projects.
• CDs & IRAs Certificates of deposit and individual retirement accounts for personal savings and retirement planning.
• Business Financing / Commercial Loans Commercial lending and business financing for small to mid-sized businesses, including commercial real estate loans and corporate credit facilities.
• Business Savings Savings products designed for business cash reserves and short-term business deposits.
• Business Credit Cards Business credit card products for operational spending and short-term financing for business customers.

Quantifiable outcome

• $100 million in PPP loans helped sustain approximately 14,000 local jobs during pandemic
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• AutobookscoreTechnology or IntegrationAutobooks provides payment processing integration enabling Tap to Pay for iPhone functionality within Bank of Tennessee's mobile banking app. This partnership allows business customers to accept in-person contactless payments directly on their iPhone without additional hardware.
• LPL FinancialcoreStrategic or Co-development PartnerLPL Financial provides wealth management services and investment products for Bank of Tennessee's wealth management division. Customers access their LPL accounts through the bank's website. Note: Investments are not FDIC insured, are not deposits, and may lose value.
• QuickBooks OnlinecoreTechnology or IntegrationQuickBooks Online integration enables CheckSync feature that automates the process of sending check files to Positive Pay by syncing with QuickBooks Online accounting software. CheckSync is included at no charge in business checking accounts.
• ZellecoreTechnology or IntegrationZelle peer-to-peer payment service integrated into Bank of Tennessee's mobile banking platform, enabling customers to send money quickly to friends and family directly from their bank accounts.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• FirstBank (FirstBank of Tennessee): Tennessee-headquartered community bank with a similar footprint across Middle and East Tennessee offering personal, business, and mortgage banking. Comparable in scale, regional focus, and community-bank value proposition.
• Wilson Bank & Trust: Lebanon, TN-based community bank serving Middle Tennessee with personal, business, and mortgage banking. Highly comparable in asset size, branch-based distribution, and Tennessee community-banking positioning.
• SmartBank: Tennessee-based community bank with locations across TN, AL, GA, FL, and NC, offering personal/business banking and treasury services. Directly comparable as a similarly-sized Southeast regional community bank.
• Pinnacle Financial Partners: Nashville-based community bank with major Tennessee presence across Nashville, Knoxville, and Tri-Cities. Competes head-to-head in same metropolitan markets with similar relationship-banking model, though considerably larger.
• Citizens National Bank (Tennessee): East Tennessee-based community bank serving similar geographic markets with personal and business banking products. Comparable community bank positioning and scale.
• Andrew Johnson Bank: Small community bank headquartered in Greeneville, TN serving East Tennessee with similar personal and business banking products. Comparable scale and community-bank operating model.

Broad incumbents

• First Horizon Bank: Memphis-headquartered regional bank with deep Tennessee and Southeast franchise. Competes across personal, small business, commercial, and mortgage banking in Bank of Tennessee's core markets at significantly larger scale.
• Truist Financial Corporation: Large Southeast regional bank formed from BB&T/SunTrust merger. Competes directly across all Bank of Tennessee markets with broader product suite and capital markets capabilities.
• First Citizens Bank: North Carolina-headquartered regional bank with significant presence in the Western North Carolina markets where Bank of Tennessee's Mountain Community Bank division competes.

Regional players

• FirstBank (Lexington, TN area community bank): West Tennessee community bank with consumer and business banking services. Comparable community-bank profile though geographically distinct from Bank of Tennessee's East TN/NC concentration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bankoftennessee

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds

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 Bank of Tennessee