Progressive Savings Bank celebrates 10 years

August 8, 2019

From left to right, front row: George Halford, Chamber President/CEO; Putnam County Mayor Randy Porter; Matt Curtis, General Counsel for PSB; Kelley Jones, Assistant Branch Manager; Marilyn Mullinix, Community President; Ottis Phillips, CEO; Jennifer Bolin, Teller; Sharina Grogan, Teller; Cookeville Mayor Ricky Shelton; Adam Cunningham, Chamber Ambassador. From left to right, second row: Lisa Fuller, Senior Lender; Jennifer Saling, Teller; Jessica Parrott, EVP The Rains Agency; Kendal Lynch, Teller; Reagan Edwards, RMA; Tyler Atkinson, Attorney Progressive Tax and Accounting; Matt Daugherty, EVP Retail Banking Executive. From left to right, back row: Kathy Dunn, Chamber Ambassador; Bill Curran, Chamber Board of Directors Chairman; Emily King, The Rains Agency; Brenda Bilbrey, CSR; Jill Herren, The Rains Agency; Marti Rexroat, The Rains Agency Title Services; Sandra Wilson, Cravens and Co.; Wayne Cravens, President, Cravens and Company; Mike Porten, EVP Chief Banking Officer.

COOKEVILLE – Progressive Savings Bank (PSB) celebrated 10 years at their Cookeville location on July 18 with a ribbon cutting and reception.

In June 1980, Progressive Savings and Loan opened its doors in Jamestown with capital assets of $1 million and three employees. Less than 30 years later, founder Lyndon Rains had the vision to expand to Cookeville, and after Lyndon passed away, his son Steve Rains championed his father’s vision to create the first bank in the market combining banking services with an insurance agency (The Rains Agency), a registered investment advisory firm (Cravens & Company Wealth Management) and eventually a full-service accounting firm (Progressive Tax & Accounting).

Progressive Savings Bank expanded into Cookeville in 2005, and in July 2009, PSB opened its Cookeville location at 1080 Interstate Drive. Ten years later, PSB is still the only bank in the Cookeville market that can service all your financial needs in one convenient location. Progressive’s hours are Monday – Thursday 8 a.m. – 4:30 p.m. and Friday 8 a.m. – 5 p.m. PSB can be reached at (931) 372-2265.