First Volunteer Bank, Financial Information

AboutFirst Volunteer Bank

 Address:
728 Broad Street
Chattanooga,TN
Hamilton County,Tennessee
 Established:
May 1904
 Number of domestic offices:
24
Total assets$1,191M
Net income$10M
Net income,quarterly$4M
Total deposits$1,052M
Domestic deposits$1,052M
Equity capital$132M
ROA0.91%
ROAQ,quarterly1.42%
ROA,pretax1.42%
ROAQ,quarterly,pretax1.94%
ROE7.72%
ROEQ,quarterly12.77%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

First Volunteer Bank first opened its doors as Marion Trust and Banking in 1904. Since then, First Volunteer Bank has grown to a 24 branch bank serving Tennessee and Northwest Georgia.

During 2003 and 2004, First Volunteer Bank opened a new location in Chattanooga, and First Volunteer Insurance Agency purchased Chattanooga Insurance Agency. In 2007 First Volunteer purchased Benton Banking Company in Polk County. The purchase included three full service branches and two in-store branches. The branches were converted to First Volunteer Bank in October 2008.

In early 2012 First Volunteer purchased Gateway Bank & Trust in Northwest Georgia – the bank’s first venture out of the state of Tennessee. This purchase included three full service branches in Ringgold, Fort Oglethorpe and LaFayette. The branches were converted to First Volunteer in September.

Today First Volunteer Bank remains focused on being the number one multi-market community bank for Tennessee and Northwest Georgia.

Broad Street Branch
728 Broad Street
Chattanooga, TN 37402
(423) 668-4509

Whitwell Branch
13108 Highway 28
Whitwell, TN 37397
(423) 668-4506

Ocoee Branch
137 Highway 64
Ocoee, TN 37361
(423) 338-3202

Cookeville Branch
351 South Willow Ave
Cookeville, TN 38501
(931) 646-5500

Callahan Branch
2367 Callahan Drive
Knoxville, TN 37912
(865) 362-7200