Office is within two blocks of Tennessee Tech University
In November 2024, Wilson Bank & Trust announced it would expand operations to a second location in Cookeville. The banking giant recently opened that location at 900 North Washington Avenue in the City.
This move comes after Wilson Bank & Trust’s purchase of an office from F&M Bank late last year.
“This decision was made with careful consideration for the long-term benefit of its customers, shareholders, communities and employees. Under the terms of the agreement, WBT will acquire the physical location and related fixed assets, substantially all of the customer deposit accounts affiliated with the office, and most of the loan accounts associated with the office,” said WBT at the time of the purchase.
The office is within two blocks of Tennessee Tech University and, according to WBT, provides convenient access to students and faculty and reinforces the company’s commitment to community.
WBT acquired the physical location and its related fixed assets, and the customer deposit accounts affiliated with the office, recently estimated at approximately $35 million. It also acquired most of the loan accounts associated with the office, according to a release.
WBT now operates 32 offices across 10 Tennessee counties, including two offices in Cookeville, and will hold more than $4.5 billion in deposits.
“We are excited about this opportunity to expand our footprint in Cookeville and provide even greater accessibility to our customers across Putnam County,” said John McDearman, CEO of WBT. “This transaction allows us to deepen our commitment to a dynamic, growing market, complementing our existing office on Jefferson Avenue. We look forward to welcoming new customers and employees to the WBT family and to delivering our personalized approach to banking. With this new location, we are well-positioned to meet the needs of Cookeville’s community.
UCBJ file photo.
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