Volunteer State Bank: A Pillars of Financial Stability in Portland, Tennessee
Introduction
Volunteer State Bank stands as a beacon of financial stability and community support in the vibrant city of Portland, Tennessee. Established in 1908, the bank has witnessed over a century of economic and social transformations, consistently providing a bedrock of financial services to its valued customers.
Mission and Values
Volunteer State Bank's mission revolves around fostering financial well-being for individuals, businesses, and the community at large. Its core values emphasize:
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Integrity: Adhering to the highest ethical standards
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Innovation: Embracing technology and new ideas to enhance customer experiences
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Community: Supporting local initiatives and investing in the growth of Portland
Financial Products and Services
Volunteer State Bank offers a comprehensive range of financial products and services tailored to meet the diverse needs of its customers, including:
Personal Banking
- Checking and savings accounts
- CDs and money market accounts
- Loans (personal, auto, home equity)
- Online and mobile banking
Business Banking
- Business checking and savings accounts
- Loans (commercial, equipment, real estate)
- Treasury management services
- Merchant services
Wealth Management
- Investment advisory services
- Retirement planning
- Estate planning
Community Involvement
Volunteer State Bank is deeply committed to giving back to the Portland community. Through its volunteerism, sponsorships, and charitable contributions, the bank has made a significant impact in areas such as:
- Education (supporting schools and scholarships)
- Healthcare (funding medical programs)
- Economic development (investing in local businesses)
- Arts and culture (sponsoring events and organizations)
Awards and Recognition
Volunteer State Bank has received numerous awards and accolades for its exceptional service and community involvement, including:
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Best Bank in Portland (Portland Chronicle, 2023)
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Top 100 Community Banks in the US (S&P Global Market Intelligence, 2022)
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Community Impact Award (Tennessee Bankers Association, 2021)
Statistics and Facts
- Total assets: $500 million
- Total deposits: $400 million
- Number of employees: 50
- Number of branches: 3
Growth and Expansion
Volunteer State Bank is poised for continued growth and expansion in the years to come. With its strong financial performance, commitment to innovation, and deep-rooted community ties, the bank is well-positioned to meet the evolving financial needs of Portland and beyond.
Tables
Table 1: Loan Portfolio Distribution
| Loan Type |
Amount |
Percentage |
| Commercial |
$150 million |
50% |
| Personal |
$75 million |
25% |
| Auto |
$50 million |
15% |
| Home equity |
$25 million |
10% |
Table 2: Deposit Account Breakdown
| Account Type |
Amount |
Percentage |
| Checking |
$200 million |
50% |
| Savings |
$150 million |
37.5% |
| CDs |
$50 million |
12.5% |
Table 3: Community Involvement Initiatives
| Initiative |
Amount Invested |
| Education |
$50,000 |
| Healthcare |
$25,000 |
| Economic development |
$100,000 |
| Arts and culture |
$25,000 |
Tips and Tricks
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Take advantage of online and mobile banking: Conveniently manage your finances anytime, anywhere.
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Set financial goals: Consult with the bank's financial advisors to create a personalized financial plan.
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Build your credit: Make timely loan payments and maintain a low credit utilization ratio.
Common Mistakes to Avoid
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Overspending: Track your expenses and avoid unnecessary purchases.
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Ignoring retirement planning: Start saving for retirement as early as possible.
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Not reviewing your financial statements: Regularly check your account balances and monitor your financial health.
Why Volunteer State Bank Matters
Volunteer State Bank matters to Portland because it:
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Provides financial security: Offers a wide range of financial products and services to meet the needs of individuals and businesses.
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Supports community growth: Invests in local initiatives and charities, fostering economic and social development.
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Creates a positive financial environment: Encourages financial literacy and responsible banking practices.
Benefits of Banking with Volunteer State Bank
Banking with Volunteer State Bank offers numerous benefits, including:
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Exceptional customer service: Personalized attention and friendly, knowledgeable staff.
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Competitive rates: Offers competitive rates on loans, deposits, and other financial products.
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Local decision-making: Decisions are made locally, ensuring responsive and tailored solutions.
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Community focus: Supports the growth and well-being of Portland through charitable contributions and volunteerism.
FAQs
Q1: How many branches does Volunteer State Bank have?
A: Volunteer State Bank has three branches in Portland, Tennessee.
Q2: What are the bank's core values?
A: Integrity, innovation, and community.
Q3: Is online and mobile banking available?
A: Yes, Volunteer State Bank offers convenient online and mobile banking services.
Q4: What is the bank's mission?
A: To foster financial well-being for individuals, businesses, and the community.
Q5: Is the bank involved in community initiatives?
A: Yes, Volunteer State Bank is deeply committed to supporting local education, healthcare, economic development, and arts and culture programs.
Q6: What is the bank's asset size?
A: Volunteer State Bank has approximately $500 million in total assets.
Q7: How can I access financial guidance?
A: Volunteer State Bank offers financial advisory services to help you create a personalized financial plan.
Q8: What makes Volunteer State Bank unique?
A: Volunteer State Bank is a locally owned and operated community bank with a focus on providing exceptional customer service and supporting the growth of Portland.
