CITIZENS TRI-COUNTY BANK. A HISTORY OF SERVICE AND GROWTH.

Citizens Tri-County Bank was organized in 1972 as Citizens Bank, and received its bank charter in June of that same year. The new bank opened for business in October, 1972, with $500,000 in capital, initially operating in a trailer at the bank’s current Main Office location in downtown Dunlap, Tennessee.

Organizers of the bank were: Elmer Studer, H. Glenn Barker, W.L. Rogers, Flavius Barker, Dr. Charles Graves, and Preston Cates.

Henry Phillips from Waynesboro, Tennessee, was hired as the bank’s first Manager and CEO, and in the Spring of 1973, the bank moved from its trailer to a new building, where an Open House was held in May of that year. In 1980, William Broyles was hired as Manager and CEO, and in 1980, the bank’s total assets were $7 million.

On January 1, 1983, L.A, Broomfield became the bank’s Manager and CEO, and in October of that year, H. Glenn Barker was hired as President, Chairman and CEO. At that time, the bank’s assets had reached $10 million dollars.

On May 24, 1984, Citizens Bank bought Bledsoe County Bank in Pikeville, Tennessee, and ended 1984 year with assets of $15 million dollars. The bank then changed its name to Citizens Bank of Dunlap and Pikeville. In 1992, the bank acquired three Nations Bank Grundy County, Tennessee locations, in Tracy City, Altamont, and Palmer, and the bank’s name was changed to Citizens Tri-County Bank. The year 1992 ended with the bank having $68 million in assets.

The bank’s Dunlap Main Office was re-modeled in 1993, and its size tripled. Citizens Tri-County Bank branched into Marion County, Tennessee, in 1994, with a new office in Whitwell, and in 1995, with its purchase of an Amsouth Bank office in South Pittsburg. At the close of 1995, the bank had $113 million dollars in assets. Continuing to expand, a new office in Jasper, Tennessee was constructed and opened in 1999. Year 2000 saw the bank branch into Hamilton County, Tennessee, opening a new office in Signal Mountain, and ending that year with assets of $202 million dollars.

In 2001, Citizens Tri-County Bank began construction on the Depot Office Centre adjacent to its Dunlap Main Office, completing the construction in 2002. The Centre is fully occupied, and currently houses several businesses, as well as some bank operations. Two more banks were purchased in Grundy County in 2002, one in Monteagle, the other in Tracy City. At the end of 2002, the bank’s assets had increased to $277 million dollars. The year 2004 saw the addition of another new Hamilton County office, located in Soddy Daisy, and the bank finished 2004 with assets of $307 million dollars.

Another milestone in the bank’s history occurred in 2005 when Mrs. Ann Smith was elected as the bank’s President. Mrs. Smith began her banking career in May of 1967 as a bookkeeper at Beach State Bank in Panama City, Florida. She began working at Citizens Bank in 1977. ln 2016 she was recognized by the Tennessee Bankers Association as “Banker of the Year, A Leader in Banking Excellence.” Ann was only the second woman to receive this honor in the TBA’s history. Her outstanding service to Citizens Tri-County Bank continues today as the bank’s President Emeritus.

Also in 2005, Citizens Tri-County Bank expanded into Warren County, Tennessee with the purchase of Cumberland Bank in McMinnville, and bank assets totaled $353 million dollars at the end of that year. In 2006, the bank’s expansion continued with the acquisition First National Bank of Tullahoma in Coffee County, Tennessee, and assets at the end of 2006 were $433 million dollars.

In June of 2011, Citizens Tri-County Bank expanded into Van Buren County in Tennessee, with the acquisition of Citizens Bank of Spencer, closing that year with assets of $568 million dollars.

In December of 2015 we expanded our footprint into Morrison, Tennessee with the purchase of Berkshire Bank. With the addition of the Morrison office, we now serve Warren County with four convenient locations. At the end of 2015 total assets were $692 million dollars.

On the move again in August of 2016 we went just a little further West into Franklin County with the purchase of Franklin County United Bank which had two offices, one was located in Decherd, Tennessee and the other was in Cowan, Tennessee. At the close of 2016 assets totaled $793 million dollars.

In the Fall of 2017, August found us with another addition to the CTCB Family. We spread out with our Signal Mountain service area into an office at Alexian Village, nestled inside the lobby of the Alexian assisted living facility. Assets at the end of 2017 totaled $828 million dollars.

Today, Citizens Tri-County Bank is a $1.064 billion dollar bank, operating in 9 Tennessee counties, with 315 employees, 20 full service offices, 5 Satellite offices, and 36 ATM’s. The bank also serves customers across the globe with internet banking and Mobile Banking with remote deposit.

Serving on the bank’s Board of Directors are: Jennifer Austin Mitchell, L. Thomas Austin, Charles Barker, Flavius Barker, H. Glenn Barker, John V. Barker, William H. Hatfield, C. Ann Smith, and Ronald H. Swafford. H. Glenn Barker serves as Chairman of the Board, and John V. Barker serves as President and CEO.

Citizens Tri-County Bank provides a full line of bank services, from ACH Origination, loans, In-House Mortgage Office, ValuePlus Checking, Enhanced ATM Features, Banking for Businesses, E-Statements, Online Bill Pay, Senior Programs and Travel Club, to Real Time Internet Banking, 24 Hour Banking Services, Mobile Banking and Mobile Remote Deposit.

We take great pride in the bank’s slogan, “THE ONLY COMMUNITY BANK YOU’LL EVER NEED”!