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Sevier County Bank News/Releases

- Recent Headlines

SCB collecting AA batteries for local volunteer fire departments

SCB recognized for branding work

Microsoft ending support for Windows XP operating system

Sevier County Bank promotes Lucas Bohanan to information security specialist

Sevier County Bank promotes Keion Rad to mortgage loan processor

SCB launches web site to publicize customer success stories - SCBstories.com

Hogg promoted to VP

Latham promoted to AVP

Plemons promoted to VP

Nuckles promoted to Head Teller

Bell named Director of Customer Experience

Ely named SVP of Employee Development, Special Projects

Roberson named SVP, Director of Commercial Banking

We are here to help former Customers of Mountain National Bank

Zannucci named VP of Audit & Compliance

Oklahoma Tornado Donations

RFL Hot Dog Contest

Mullins nominated as director-at-large for Financial Managers Society

SCB Changes Corporate Logo - Press Release

Customer Notice - Branding Launch

Board of Directors

Real Estate Sale Restores Capital Levels

Private Offering Launched

SCB Receives Directive to Return Capital Levels to Minimum Status

Distinguished Service Awards

Bill Brown Retires

Clay Harris Named Chief Credit Officer

James Temple Elected Chairman of the Board

RB Summitt Retires

Terri Hurd named SCB's Corporate Risk Manager

Kevin Mullins named Chief Operating Officer

SCB Property for Sale

SCB Donates to the United Way

SCB Mobile Banking

Board appoints Matt Converse as president and CEO of Sevier County Bank

Basic FDIC Insurance Coverage Permanently Increased

Bounce Protection has Changed
 

 


Local volunteer firefighter says Sevier County Bank campaign will help restore AA battery inventories

NEWS RELEASE
FOR IMMEDIATE RELEASE
March 20, 2014
 


SEVIERVILLE, TN – When a nationally-known battery manufacturer recently dropped a grant program for volunteer fire departments across the county, it left local firefighter Sean McCune and his colleagues without funds formally designated to keep critical equipment operational.

With battery donations no longer available, McCune went to Sevier County Bank for help.

“We use AA batteries in our air packs, which notify us when our air bottles are running low or signals an emergency alarm system when a firefighter is injured or trapped,” said the 33-year-old McCune, who is a member of the Sevier County Volunteer Fire Department, established in 1954 and one of the 11 county volunteer fire departments. “It’s an essential part of our life-saving equipment.”

Sevier County Bank has pledged its support by designating April and August – the months beginning with the letter A – as part of its AA Battery Campaign. SCB will depend on its branch network to collect batteries from members of the community. Any AA battery brand is acceptable.

“Like our food drive last fall, this is an honorable, worthy event that anyone in our community can get involved and feel good about their contribution,” said President and CEO Matthew A. R. Converse. “These men and women are volunteers who put their lives on the line each time they’re called to a fire.

“Our community could make a dramatic impact if each of us would contribute our time and money to help our volunteer fire departments restock their battery inventories,” Converse said. “You could be the one who saves a life through your donation.”
Eleven volunteer fire departments, representing 23 fire stations and approximately 400 firefighters, serve Sevier County. Each volunteer fire department relies on 150 to 300 AA batteries each year. That could mean anywhere from 1,650 to 3,300 AA batteries.

“Not long ago, we had a multi-cabin fire,” McCune said. “All 11 of our fire agencies were dispatched to the fire. 

Our air packs require six batteries. Depending on the fire, we may have to replace all the batteries after just one call.”

Volunteer firefighters must be state certified; a process that requires thousands of hours of training, said McCune.

SCB’s six branch locations will serve as collection sites for the AA Battery Campaign during April and August. Locations include Sevierville Main Office at 111 E. Main Street, and Dolly Parton Parkway Office at 720 Dolly Parton Parkway in Sevierville; Pigeon Forge Main Office at 3260 Parkway, and Pigeon Forge branch at 3605 Parkway in Pigeon Forge; Gatlinburg Office at 961 E. Parkway in Gatlinburg; and Seymour Office at 11403 Chapman Highway.

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Sevier County Bank recognized for branding work

  

NEWS RELEASE
FOR IMMEDIATE RELEASE

April 3, 2014

  

SEVIERVILLE, TN – Advertising, branding, and marketing firms from around the region gathered recently at the American Advertising Federation of Knoxville’s 49th annual award show. Known as the ADDYs, the gala recognizes exceptional advertising, marketing, and creative work produced within the last year.

Sevier County Bank’s recent rebranding campaign came home a winner with a Silver Addy Award, one of nine awards received by marketing firm DMG Bluegill.

SCB’s branding work won in the Integrated Campaign Division and included the design of the bank’s new logo and its execution in a number of elements including billboards, printed materials, ATM machines, mobile apps, giveaways, hats, and T-shirts, among others.

Sevier County Bank President and CEO Matthew Converse expressed his congratulations to DMG Bluegill. “We’re proud of our partnership with DMG Bluegill, from the creation of our new logo to other campaigns reflecting our longstanding commitment to this community. They are an extremely creative group, focused and productive, and we’re looking forward to using their talents for years to come.”

Dan Alton, Creative Director at DMG Bluegill adds, “It’s great to be honored, but with clients like SCB, who so genuinely care about the community and the legacy their institution represents within it, our work is made much easier.”

As a winner of a Silver award, the SCB campaign will automatically advance to the regional and national levels.  

 

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Microsoft ending support for Windows XP operating system

Microsoft will stop supporting its Windows XP operating system on April 8, 2014.  This means no more software updates or security patches will be issued to those computer systems past that date.  To find out if your computer is running Windows XP, or if you are still running Windows XP and want to know what your options are, please visit http://www.AmIRunningXP.com to obtain information from Microsoft. (Link will take you to an external website)

 

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Sevier County Bank promotes Lucas Bohanan to information security specialist

SEVIERVILLE, TN – Sevier County Bank names Lucas Bohanan as information
security specialist. In this role, Bohanan will assist the bank’s current information
security officer in maintaining the ongoing confidentiality and integrity of the bank’s
information technology environment, including customer information.

“Sevier County Bank maintains the highest standards in data security awareness,” said
Matthew A. R. Converse, president and chief executive officer. “As the landscape
continues to change in this area, the Bank remains committed to having adequate levels
of qualified staff to address these changes.”

With his prior experience in the deposit operations and the information technology
departments of the Bank, Lucas comes well prepared to apply his computer operations
knowledge and skills to these new duties, allowing the bank to be proactive in
complying with financial industry regulations and best practices.

A native of Sevier County, Mr. Bohanan currently resides in Sevierville, Tennessee. He is
a graduate of East Tennessee State University in Johnson City, where he earned a
bachelor’s degree in Business Administration. He has been employed by Sevier County
Bank since 2006, and has participated in various training programs to include those
provided by the Tennessee Bankers Association and the American Bankers Association.

 

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Sevier County Bank promotes Keion Rad to mortgage loan processor

SEVIERVILLE, TN – Sevier County Bank announced today it has promoted Keion
Rad to mortgage loan processor.

A native of Sevierville and graduate of Sevier County High School, Mr. Rad began
his banking career as a teller with Sevier County Bank in 2012. During his time with the
company he has completed multiple training courses in various curriculums.

“We are pleased to be able to promote from within,” said Matthew A. R.
Converse, President and CEO. “It’s a real positive for Sevier County Bank to have capable
individuals in the company express interest in an open position. Our management and
supervisory teams want to give everyone in the bank an opportunity to advance and
excel – and it’s often a tough selection process when we have such a strong talent pool.”

The mortgage lending department at Sevier County Bank, led by assistant vice
president Jeff Axley, is an integral part of the company’s operations. “We continue to
see great opportunities for Sevier County Bank in the mortgage lending arena,” said
Axley. “I get a lot of personal satisfaction from being able to help our friends and
neighbors, as well as absentee property owners, purchase or refinance their homes and
investment properties. I am especially looking forward to sharing what I’ve learned over
the years with a bright young man such as Keion.” Axley continued, expressing that the
bank’s commitment to providing the products and services that customers’ value has
never been stronger.

Mr. Rad resides in Sevierville with his wife Jennifer, son Rylan, and are excitedly
awaiting the arrival of a second child.
 

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SCB launches web site to publicize customer success stories - SCBstories.com

 

Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank       
(865) 453-6101

 

Sevier County Bank launches web site
to publicize customer success stories

Customer stories available now at www.SCBstories.com

 

SEVIERVILLE, TN – Using social media typically shunned by the financial industry, Sevier County Bank announced today the launch of a web blog to document the ongoing experiences and successes of customers as told through the words of employees.

The web blog address is www.SCBstories.com. It is also accessible through the bank’s web site www.BankSCB.com.

“We’ve heard of all these wonderful customer stories from our employees, but they’ve never been shared publically,” said Matthew A. R. Converse, president and CEO. “They are real stories that we want to make available to not only our own customers and employees, but to the public as well. We believe it’s tremendously important to share stories that illustrate to what lengths our people will go to make a difference in someone’s life.”

A blog is essentially a mini-web site that allows individuals to write on a subject of their interest, as one might do in a journal or diary. It’s more flexible than twitter, which is confined to 140 characters without the capacity to post photographs. And it is more conducive for ongoing narrative of a single topic than say a social network such as facebook.               

By embracing social media, Sevier County Bank is trying to stand out from other community banks that remain shy about the creative uses of the internet, American Banker noted in its coverage of the blog. The publication added that, by highlighting the accomplishments of its clients, the bank is looking to differentiate itself from competitors.

One story tells how employees went to a nursing home to open new accounts for two elderly sisters, whose information had been compromised. Another demonstrates the compassion of a group of employees, who after learning of a grandmother distraught because she lacked the means to provide Christmas for her grandchildren whom she had raised, purchased toys and clothes and presented them to the surprised, but eternally grateful woman.

Stories such as these are plentiful, say bank officials. With a history that spans more than 100 years, some employees who have worked at SCB for decades have submitted stories that go back to the 1990s. Others who have joined the bank more recently are as eager to share their customer experiences.

The bank says the initial launch of the web blog will carry eight to 10 stories with plans to post a new customer experience to the site every week. The articles will be archived. Readers will have the option to submit stories or make comments through a separate link on the blog home page.

The web blog is one of several initiatives that has evolved from ongoing planning sessions by management and the board of directors in efforts to redefine company mission and brand promise.

 In refining its core purpose, “Keeping Our Community in Business,” Sevier County Bank began steps late last year to rebrand itself, unveiling only recently a new logo designed to capture the bank’s historical value to the business community as the county’s oldest surviving business.

The logo, and web blog, have been projects spearheaded by Knoxville firm DMG|Bluegill, which since early last year has worked with management and directors in establishing a new set of corporate values and guidelines to serve the future interests of the organization.

“Why not show the communities in which we live and do business the pleasure our own people receive in helping others,” Converse said. “Banks are often looked upon as stodgy, old institutions. But that’s not us. Banking is about relationships and helping others succeed. That’s the purpose behind SCBstories.”

 

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Hogg promoted to Vice President

NEWS RELEASE
FOR IMMEDIATE RELEASE
September 26, 2013

Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank
(865) 453-6101

Sevier County Bank promotes
Stacy Hogg to vice president

SEVIERVILLE, TN – Sevier County Bank announced the recent promotion of Human Resources Director Stacy Hogg to vice president. Ms. Hogg, who currently resides in Sevierville with her husband John Hogg, started as a teller with SCB in 2006 before transferring to human resources as a payroll administrator.

She is currently pursuing a bachelor's of science degree in business from Lincoln Memorial University with a concentration in management and leadership. Ms. Hogg holds a certification in Professional Human Resources.

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Latham promoted to Assistant Vice President

NEWS RELEASE
FOR IMMEDIATE RELEASE
September 6, 2013

Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank
(865) 453-6101

Sevier County Bank promotes
Cindy Layman Latham to Assistant Vice President

SEVIERVILLE, TN – Sevier County Bank recently announced the promotion of Corporate Secretary Cindy Latham to Assistant Vice President. Ms. Latham has been with SCB since 1999.

Ms. Latham has served Sevier County Bank in a number of capacities - teller, customer service representative, executive assistant and continues to serve as corporate secretary of the board of directors. She has attended multiple banking webinars, seminars and courses.

Ms. Latham resides in Seymour with her husband, Brent Latham.

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Plemons promoted to Vice President


NEWS RELEASE
FOR IMMEDIATE RELEASE
August 22, 2013

Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank   
(865) 453-6101

Sevier County Bank promotes
Christopher Plemons to vice president

SEVIERVILLE, TN – Sevier County Bank announced today it has promoted Christopher Plemons to Vice President. Plemons is a commercial loan officer at the bank's Pigeon Forge main office.

Plemons joined SCB in 2007 as a loan officer at the Pigeon Forge main office before being named branch manager of the Gatlinburg branch in 2009. A native and current resident of Sevierville, Plemons holds dual bachelor degrees in Finance and Business Management from the University of Tennessee in Knoxville. Plemons is 30 years old and is married to Stacy Plemons who teaches at Northview Middle School.

Plemons is a graduate of both the Southeastern School of Consumer Credit and the Southeastern School of Commercial Lending conducted at the Owen Graduate School of Management, Vanderbilt University sponsored by the Tennessee Bankers Association.

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Nuckles promoted to Head Teller

NEWS RELEASE
FOR IMMEDIATE RELEASE
August 13, 2013

Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank      
(865) 453-6101

Sevier County Bank promotes
Hannah Nuckles to head teller

SEVIERVILLE, TN – Sevier County Bank announced today it has promoted Hannah Brooke Nuckles to head teller of the bank's main office on East Main Street in Sevierville.

A native of Maryville,  Ms. Nuckles started as a teller with the bank in 2012. She is formerly Hannah York and is married to Brandon Nuckles.

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Bell named Director of Customer Experience

NEWS RELEASE
FOR IMMEDIATE RELEASE

July 29, 2013


Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank
(865) 453-6101


Sevier County Bank appoints Bell as director
of customer experience; to head new client program


SEVIERVILLE, TN – As the company readies to take customer service to an unprecedented level,
Sevier County Bank today named retail banking veteran Allen R. Bell as director of customer experience
and business development.

Bell will head the bank's new "Customer Success" program, an initiative that will give customers
an ongoing voice in future business practices and input into processes that will provide the bank with
critical information in its effort to create the superior customer experience.

"Allen has the perfect background and experience for this job; he will hold the most visible
position in our company," said Matthew A. R. Converse, president and CEO. "He will interact with
management and employees within our bank and work closely with customers. Allen will be
instrumental as we move forward in developing a 'High-Caliber Customer Experience.'"

Since the start of his banking career, Bell has consistently ranked near or at the top in retail sales
and loan productivity for nearly every company in which he has worked, either individually or as
supervisor over multi-branch operations. But it has been his interaction and rapport with customers and
his experience in coaching employees that will serve Bell best in his new role.

Part of Bell's responsibilities will also be to ensure that every customer touch-point results in a
superior customer experience - from answering the phone to the web site to face-to-face contact with
clients. He will serve as a liaison between customers and the company's senior management and
product and account managers.

"This is an extremely important way for a bank to differentiate itself from the rest," said Bell,
who got his start in the financial industry in 1990 as a consumer loan officer. "Banks always tout
customer service, but few actually deliver. We'll be implementing key performance indicators and
measuring our results against a business plan with objectives specifically aligned to standards developed
for the 'High-Caliber Customer Experience.'"

From 2005 to 2007, Bell served as senior vice president of retail banking at Kentucky Trust Bank,
implementing a relationship-based culture that improved customer retention and increased sales. By
working closely with customers to better understand their needs, he also implemented a campaign that
increased non-interest income and doubled fee-generating accounts. In addition, Bell introduced the
bank's first performance-based incentive plan and improved teller referrals by 650 percent.

Banks and companies outside the financial industry have also depended on Bell's ability to
develop training programs, coach employees and establish relationships with other lines of businesses.
At AmSouth Bank, Bell’s team led the market in sales of new credit card accounts and penetration of
insurance services.

Bell joins Sevier County Bank from Office Suites Plus, where he was director of sales and
operations in an industry that provides companies accommodations such as executive suites, office
space, meeting rooms and training facilities. In this role, he was responsible for the financial
performance of 16 business centers, as well as the supervision of a team of managers.

Bell is a graduate of Campbellsville University in Campbellsville, KY, where he earned a
bachelor's degree in business administration. He is also a graduate of the general banking school of the
Kentucky Bankers Association.

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Ely named SVP of Employee Development & Special Projects

NEWS RELEASE
FOR IMMEDIATE RELEASE
July 9, 2013

Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank 
(865) 453-6101

Sevier County Bank names local senior banker as SVP of employee development, special projects

SEVIERVILLE, TN – Sevier County Bank today named local senior banker and community advocate L. Elaine Ely as senior vice president of employee development and special projects. With 34 years in the financial industry, Ely will be responsible for providing support and oversight to the company's operational and technology processes.

Ely is the second senior manager in two weeks to join SCB with strong ties to the community. Last week Randy E. Roberson, who has spent 27 of his 35 years in banking in Sevier County and surrounding areas, was appointed senior vice president and director and commercial banking.

A seasoned banker with training in a multiple of disciplines, Ely is being asked by bank officials to fill a new role in the company focused on strengthening the bank's internal training programs for employees in operations and information technology.

"Elaine is a remarkable talent whose experience in banking is as varied as I have seen, particularly her expertise in operational processes," said President and CEO Matthew A. R. Converse. "Her understanding of technology and how it impacts service will only go to further improve our financial relationships with customers on a more personal level. To serve as the region’s trusted financial advisor, Sevier County Bank employees must have exceptional training and support and we intend to provide those as a regular part of career development.

"In addition, Elaine will spearhead projects that will ultimately keep our bank abreast of new products and services that are constantly changing due to technology and customer needs," Converse said. "We also expect her to coach and help develop the extraordinary talent we have in our organization."

Ely has spent her entire financial career in Sevier County, the past 11 years as senior vice president of operations at Mountain National Bank, and 23 years with Tennessee State Bank in Pigeon Forge, where she worked her way to executive vice president and head of operations.

Her background is broad and includes experience in regulatory compliance, fraud prevention and detection, electronic banking, human resources, training, call reporting, general ledger accounting, purchasing, internal auditing, marketing, data processing and bookkeeping.

"I consider myself extremely fortunately to be joining a bank that has a bright future," said Ely, a graduate of Tusculum College in Greeneville with a bachelor's degree in organizational management. "My first priority is to get to know the good people at Sevier County Bank. They have tremendous talent. I know; I've competed against them my entire career. What I'm really looking forward to is creating a geniune dialogue in which we can learn from one another."

Ely is certified by the National Automated Clearing House Association as an ACH professional and currently serves as a member of the organization's national Rules and Operations Committee. She is also a Certified Payments Risk Manager, successfully passing the Independent Community Bankers Association's CPRM exam. In addition, Ely is a graduate of the Tennessee School of Banking at Vanderbilt University in Nashville.

A long-time resident of Sevier County, Ely is the current director and chair for Leadership Sevier and an instructor in the Principles of Banking at Walters State Community College, whose main campus is located in Morristown. She is a member of the Great Smoky Mountains Church of Christ and a volunteer for the Dollywood Foundation.

 

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Roberson named SVP, Director of Commercial Banking

NEWS RELEASE
FOR IMMEDIATE RELEASE
June 26, 2013

Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank 
(865) 453-6101 

Sevier County Bank names local executive as director of commercial banking

SEVIERVILLE, TN – Sevier County Bank today named local financial executive Randy E. Roberson as senior vice president and director of commercial banking. With more than 35 years in the financial industry, Roberson will lead the bank's efforts to grow commercial loans and deposits.

Less than a year ago, Mountain National Bank brought in Roberson to help with the bank's loan production and asset quality improvement. By then, however, the bank was already under heavy scrutiny by federal regulators.

"It says a great deal about the trust and confidence they had in hiring Roberson, asking him to join them during a difficult time, even though we now know Randy had a very small window of time to make a difference," said Matthew A. R. Converse, president and CEO of Sevier County Bank.

"Randy knows our business community as well as anyone," Converse said. "He understands the uniqueness of our markets and what business owners need in a financial partner. His insight and experience will contribute significantly to our organization."

Roberson has spent much of his banking career in business development, 27 of those years working closely with business clients in Sevier County, Knoxville and Oak Ridge. Before leaving Tennessee State Bank in 2012, Roberson, based in Gatlinburg, originated and managed $70 million in loans during his 13 years in the Sevier County market. As executive vice president and a senior commercial loan officer, he served as a member of the senior credit committee and assisted in credit policy and credit administration decisions.

His career includes managing a combined loan portfolio of $150 million for three separate banks, implementing a retail lending division for a multi-state financial holding company, managing and disposing of troubled assets, and reviewing loan portfolios of potential acquisition targets.

"Working and living in Sevier County for so many years has really provided me opportunities that I probably wouldn't have had otherwise," said Roberson, who holds a bachelor's degree in business management from Tennessee Technological University in Cookeville. "Sevier County Bank is a company that has spent the past few years positioning itself for the future. I'm privileged to be a part of their team."

 

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We are here to help former Customers of 
Mountain National Bank looking for a new financial partner

 

None of us in Sevier County wants to see a bank fail. It disrupts the community and creates anxiety and concern for customers of all banks. Our hope is that none of Mountain National’s customers will be adversely affected. However, we are prepared to assist those looking for a new financial partner. 

If you would like to learn more about Sevier County Bank, we invite you to visit any of our six area locations. You will find our people friendly, helpful and knowledgeable. Most importantly, your deposits will have the financial security of Sevier County Bank and the protection of the FDIC. 

We have been part of this region for over 100 years, contributing to the business development and financial success of individuals just like you. We have faithfully served our community for generations. 

We are here to stay. 

For additional information about our financial institution, you are encouraged to speak to any member of our executive team listed below. 

  • Matt Converse, President & CEO
  • Chuck Atchley, Chief Lending Officer
  • Bobby Stoffle, Chief Financial Officer
  • Kevin Mullins, Chief Operating Officer
  • Clay Harris, Chief Credit Officer

 

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Zannucci named VP of Audit & Compliance

NEWS RELEASE
FOR IMMEDIATE RELEASE
June 03, 2013


Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank
(865) 453-6101 

Sevier County Bank names vice president to head audit and compliance


SEVIERVILLE, TN – Sevier County Bank today named banking veteran Laura T. Zannucci as vice president of audit and compliance. Zannucci will be responsible for ensuring the organization maintains effective and efficient operations through ongoing review of the company’s internal control systems.

As the primary liaison for internal and external audits, Zannucci will report directly to the bank’s audit committee and advise the board of directors of regulatory changes and new laws.

“As the financial industry continues to deal with increasing laws and regulations, there is no greater responsibility in our organization,” said President and CEO Matthew A. R. Converse. “It will take a dedicated individual who not only has full knowledge of our industry’s complex regulatory environment, but stays on top of best practices for operating in a new and continually changing environment. Laura brings that skill set to our bank and is a great compliment to our existing talent.”

Zannucci has held various audit, compliance and operational positions throughout her 20 years in banking, including stints with BankEast of Knoxville, TN, and First National Bank of Lenoir City, TN.

Zannucci joins Sevier County Bank from Community Bank of the Cumberlands of Cookeville, TN, where as senior vice president of operations she also participated in loan documentation and compliance reviews.

“My overriding objective is to maintain the expectations of examiners and regulators and keep our bank current with changing regulatory laws and policies,” Zannucci said. “Having that responsibility is challenging, yet to be part of a team that is making Sevier County Bank stronger by the day makes my job far more exciting.”

In her role as internal auditor, Zannucci will monitor the bank’s internal controls, processes and risks while overseeing organizational policies and procedures.
She will also be responsible for supervising the compliance department, ensuring the bank adheres to current federal and state directives in addition to numerous regulatory laws and policies such as the Bank Secrecy Act, USA Patriot Act, Fair Credit Reporting and the Community Reinvestment Act.

A graduate of the University of Tennessee at Chattanooga, Zannucci holds a bachelor’s degree in business administration. She is also a 1998 graduate of the Southeastern School of Banking of Nashville, TN.

 

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Oklahoma Tornado Donations

NEWS RELEASE
FOR IMMEDIATE RELEASE
May 28, 2013

Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank
(865) 453-6101


Sevier County Bank collecting donations
for victims of Oklahoma tornadoes


SEVIERVILLE, TN – Sevier County Bank announced today that it is collecting funds for
victims of the Oklahoma tornadoes. Donations will go to the Oklahoma Bankers Association
Foundation, a non-profit which is working with state and national organizations to raise money for
those critically in need of shelter and food.

Members of the community may contribute to the relief effort by making donations at any
one of SCB’s six locations. Supporters should make their checks payable to the OBA Foundation.
Donations may be left with any Sevier County Bank teller.

Contributions may also be made to the local Red Cross and the Salvation Army.

 

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RFL Hot Dog Contest

Contact:
Matthew A. R. Converse
CEO and President
Sevier County Bank
(865) 453-6101


Who’s Top Dog in Sevier County?
Cast your vote for favorite puppy and help Relay for Life in the process


SEVIERVILLE, TN – Cast a vote for your favorite puppy and help decide which among the 22
puppies entered in this year’s third annual Hot Dog Contest is Top Dog in Sevier County.
As part of Sevier County Bank’s annual benefit to support the American Cancer Society
through Relay for Life, the bank has posted an image of the canine competitors on its website –
www.BankSCB.com.

Members of the community are encouraged to visit any one of Sevier County Bank’s six
locations up to 2 p.m., Friday, May 31 to vote for their favorite puppy. Voting will then resume at
the Sevier County Bank “Relay for Life” tent at Patriot Park. Each vote is only $1 and supporters can
vote as many times as they like. All money raised will go to Sevier County Relay for Life.

“We came up with the Hot Dog Contest after spending time brainstorming for something
that would make for a unique fundraising idea,” said SCB’s Nichole Bohanan, marketing liaison.
“People in our community love their dogs; we thought this would be a good way to show them off
while raising money for a worthwhile cause.”

 

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Mullins nominated as director-at-large for Financial Managers Society

NEWS RELEASE
FOR IMMEDIATE RELEASE
April 29, 2013

Contacts:
Matthew A. R. Converse            
CEO and President                    
Sevier County Bank                   
(865) 453-6101                        
 

Kevin R. Mullins
Chief Operating Officer
Sevier County Bank
(865) 774-4790

Sevier County Bank chief operating officer nominated
as director-at-large for national financial board


SEVIERVILLE, TN – Kevin R. Mullins, chief operating officer of Sevier County Bank, has been nominated for a two-year term as director-at-large for Financial Managers Society, a national organization whose mission is to keep finance professionals abreast of current trends and changes in the banking industry.

Mullins, 49, will be one of seven at-large directors confirmed during the FMS Finance and Accounting Forum in Boston, Mass, June 16-18. The nomination of Mullins follows three consecutive years in which Mullins served on the board in an automatic capacity as chairman of the organization’s Strategic Issues Council from 2009 to 2011. With approximately 3,000 members, FMS is governed by a 17-person board of directors.

“The Society’s primary focus is the development and ongoing education of financial professionals,” said Mullins, a FMS member since 1997. “It’s particularly important today because of the challenging regulatory environment we’re currently in. Staying up-to-date keeps us prepared and ready to respond.”

FMS is comprised of finance, accounting and auditing professionals representing community financial institutions, such as community banks, credit unions, commercial banks and savings and loans companies. The organization provides professional development and education on regulatory and accounting rules and policies, asset and liability trends and internal auditing issues.

“Kevin’s extensive background and experience in regulatory and accounting trends set him apart from the candidates we interviewed last year for chief operating officer,” said Matthew A. R. Converse, president and CEO of Sevier County Bank. “His relationship with Financial Managers Society has been invaluable to our bank. Obviously the number of positions he has held at FMS over the years speaks to his leadership and knowledge.”

FMS offers members continuous education through information, such as white papers, and newsletters specific to job responsibilities. Individuals also have access to rulings and new regulations through onsite seminars, webinars, social media and the organization’s annual forum.

Mullins is an active poster on FMS’s online discussion board, using his more than 20 years in the financial industry to answer questions on a range of topics. Most issues he addresses on the board are related to policies and regulatory oversight governed by agencies such as the Federal Accounting Standards Board (FASB), Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC).

A graduate of Campbellsville University, Campbellsville, Ky., Mullins holds dual bachelor degrees in Accounting and Business Administration. Mullins joined Sevier County Bank in March 2012 from Monticello Bankshares in Monticello, Ky. where he was the bank’s chief financial officer.

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SCB Changes Corporate Logo - Press Release

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Customer Notice - Branding Launch

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Board of Directors

2/13/2013

Standing: Matthew Converse-President & CEO, Ross Summitt, James Temple-Chairman, Zach Wade, R.B. Summitt II

Sitting: Carolyn (Kkin) Fairbank Biggs, Richard Isenberg, William (Bill) Brown, Joe Jim Summitt, Lyle Overbay, Teddy Murrell, Maria Mize Roditis


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Real Estate Sale Restores Capital Levels

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Private Offering Launched

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SCB Receives Directive to Return Capital Levels to Minimum Status

  

 

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Distinguished Service Certificates
July 12, 2012


L to R SCB Pres & CEO Matthew Converse, Ross Summitt, TBA Pres Brad Barrett


L to R SCB Pres & CEO Matthew Converse, TBA Pres Brad Barrett, William (Bill) S. Brown


L to R - SCB Pres & CEO Matthew Converse, TBA Pres Brad Barrett, R B Summitt II

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Bill Brown Retires
June 19, 2012

Bill Brown

   

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Clay Harris Name Chief Credit Officer
May 11, 2012

 

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James Temple Elected Chairman of the Board
April 23, 2012

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RB Summitt Retires
April 11, 2012

 

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Terri Hurd named SCB's Corporate Risk Manager
April 6, 2012

 

 

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Kevin Mullins named SCB's Chief Operating Officer
March 16, 2012

 

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SCB Property for Sale

Sevier County Bank
NEWS RELEASE
FOR IMMEDIATE RELEASE
December 15, 2011
Contact:
Matthew A. R. Converse
President and CEO
Sevier County Bank
(865) 453-6101

Sevier County Bank to increase capital with the sale of prime real estate
 

SEVIERVILLE, TN – Sevier County Bank announced today that it is putting up for sale three
high-end parcels of real estate, including approximately 1.70 acres alongside its Pigeon Forge
main branch on the Parkway’s south end.
    
Proceeds from the sale of the land, purchased decades ago by the bank for expansion,
will provide flexibility the bank needs as it works to remove troubled assets off its balance
sheet. The strategy will strengthen the bank’s capital and serve as a cushion against loan
losses.
    
“We are like many banks across the country that have seen their loan portfolios suffer,”
said President and CEO Matthew A. R. Converse, who was hired by the board in September to
help improve the financial condition of the bank. “With the economic and regulatory challenges
we currently face, our focus today is on strengthening our credit policies and recognizing any
major loan problems that are not yet identified.
    
“This strategy will help improve our financial health, so we are very fortunate to have
these valuable properties available to us. They are in prime locations; in fact, we have already
been approached by several potential buyers.”
    
In addition to the tract of land in Pigeon Forge, the bank is selling the vacant former
headquarters building at the corner of Main Street and Court Avenue in Sevierville and the 3.45
acre parcel next to its branch office at 11403 Chapman Highway in Seymour.
    
Converse said the bank would also consider the sale of the building and land that houses
the Pigeon Forge main branch at 3260 Parkway, as a separate transaction or with the adjacent
land available for sale next to it.
    
“We would only sell the Pigeon Forge main branch building after the bank had found a
better and more accessible location within Pigeon Forge,” Converse said. “In the meantime, we
will continue to operate both branches in Pigeon Forge. The last thing we want to do is
inconvenience our customers.”
    
Sevier County Bank has engaged Realty Trust Group of Knoxville to help in the sale of
the properties. The Group will also be involved in the identification of future branch locations.
“This strategy represents the initial phase of our efforts to identify capital and market
opportunities for Sevier County Bank in the communities they serve,” said Don Parnell,
executive vice president of Realty Trust Group.

###

About Sevier County Bank
Sevier County Bank, the oldest business in Sevier County, is a locally owned and operated full
service Community Bank that has served Sevier County and the surrounding area since 1909.
Sevier County Bank offers a full line of banking products and services geared towards the needs
of the citizens of our market area through six convenient locations. Personalized service,
commitment to the community, and sound management are, and continue to be, the
cornerstones of Sevier County Bank. Sevier County Bank offers competitive rates, innovative
banking services and products combined with excellent personal service for existing and new
customers.

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SCB Donates to the United Way

United Way of Sevier County
NEWS RELEASE
FOR IMMEDIATE RELEASE
December 5, 2011
Contacts:
Matthew A. R. Converse             Tom Newman
President and CEO                      Executive Director
Sevier County Bank                     United Way of Sevier County
(865) 453-6101                          (865) 430-5720

Sevier County Bank makes holiday donation to United Way


SEVIERVILLE, TN – Sevier County Bank is making a special holiday donation to the United Way of
Sevier County in an effort to provide added assistance to local people in need, said local United Way
officials today.

“We are so appreciative of this gift and promise Sevier County Bank that we will make good use
of it, particularly during the holiday season when there are so many needs,” said Tom Newman,
executive director of United Way of Sevier County. “We can’t thank them enough for their commitment
and loyalty to the people of our county.”
 

Sevier County Bank is a strong financial supporter of United Way throughout the year. They are
increasing that support by deciding to do something a bit different this holiday season. Rather than
expensing the cost of buying and mailing Christmas cards to customers, Sevier County Bank chose
instead to donate the money to the local United Way.
 

“In the spirit of the season and recognizing the difficulties facing many people in our county, we
felt it was important to help our community,” said Matthew A. R. Converse, president and chief
executive officer. “Christmas cards do not have the same impact that a donation to a local charity can
have. Customers enjoy the cards, but I also know they would prefer we focus on others during this time
of the year.
 

“When resources are limited in difficult economic times like these, it’s up to us to make changes
that benefit as many as possible,” he said. “We’ve been part of this community for more than 100 years
so it’s important we stay involved. Our hope is that every individual in Sevier County will have a very
Merry Christmas and Happy New Year.”

###

Click HERE for the related article in the Mountain Press

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SCB Mobile Banking

SCB Mobile Banking is HERE!!! 

Stop by your local branch today to sign up.

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Sevier County Bank appoints new President and CEO 

NEWS RELEASE

FOR IMMEDIATE RELEASE

October 7, 2011

 

Contact:

Matthew A. R. Converse

President and CEO

Sevier County Bank       

(865) 453-6101

 

Board appoints Converse as president

and CEO of Sevier County Bank

 

                SEVIERVILLE, TN – After an exhaustive and extensive search, the board of directors of Sevier County Bank named 24-year banking veteran Matthew A. R. Converse as president and chief executive officer. The bank, which has been operating under a regulatory consent order since July 2010, recently received final regulatory approval regarding changes to executive management. Converse will also serve as a director of the bank and the holding company.

“We’re confident that Matthew is the right person to lead our bank into the future,” said A. Zach Wade, chairman of the search committee representing the board of directors. “He is a seasoned banker who has a unique understanding of the current regulatory environment and the difficulties all community banks are facing in this uncertain economy.”

Converse, 46, replaces Senior Vice President Claude Huff, who served as interim chief executive officer during the search process. A native of the Eastern Shore of Virginia, Converse becomes the first permanent chief executive officer in the bank’s 102-year history.

R.B. Summitt II, who previously served as president, has been named as director of business development and legislative liaison, due to his strong ties to the business community. Huff will move into the role of corporate risk manager, a position regulators have encouraged banks to adopt in the wake of the financial crisis.

“R.B. will be critical to the bank’s ongoing business development,” said Converse, who holds certifications as an Internal Auditor, Fraud Examiner, Financial Services Auditor and Trust Auditor. “Claude will be important in our efforts to manage risks.”

R.B. Summitt II agrees with Wade that Converse is the right person for the job.

“The Summitt family and I agree with Zach (Wade); the bank has selected the best person to lead our bank,” said R.B. Summitt II. “Sevier County Bank has a long and distinguished history of service and goodwill to our stakeholders and the community. Our focus is to preserve the tradition and culture of our organization.”

With extensive education and experience in various areas of audit, risk management and internal controls policy, Converse’s primary focus will be improving credit quality and protecting capital.

“Our region has had more than its share of economic turmoil,” said Converse, noting double-digit unemployment throughout many areas of the country and Sevier County in particular. “To make matters worse, real estate values have been on a steady decline. Bank portfolios have been hammered the past two to three years, which has resulted in significant pressure on earnings and capital.

“It’s been no different at Sevier County Bank,” he said. “We have a number of challenges, but I’m optimistic that we can make the kind of progress necessary to turn our bank around. We believe working with regulators is not only in the best interest of our stakeholders, but will make us a better and stronger bank.”

After graduating with a bachelor’s degree in business from the University of North Carolina at Charlotte in 1987, Converse went to work at Bank of America in Charlotte – known then as North Carolina National Bank and later NationsBank – as an internal auditor in Trust and Brokerage Services.

From Charlotte, Converse joined MainStreet Financial Corporation in Martinsville, Va., working over the next 10 years in several capacities, from audit supervisor to audit manager to corporate risk manager. After a stint in Washington, D.C. with KPMG, LLP - voted among the top 10 places in the U.S. to work - as a senior manager in Management Assurance Services, Converse landed at the Bank of Currituck in 2000 as vice president of marketing.

A 2004 graduate of the N.C. Bankers Association Executive Management School of Banking at UNC-Chapel Hill, Converse has seen the lingering efforts of an unforgiving recession up close. In 2008, he was asked to step in as president and chief executive officer at The Bank of Currituck in Moyock, N.C., after serving five years as the company’s chief operating officer.

“The fact is most financial institutions across our nation have seen their credit quality suffer to some degree, whether the banks were making loans at the beach, in the mountains or in the Midwest,” Converse said. “Banks that have been able to weather the storm most successfully identified their problems early and charged-off the bad loans. Another factor was the quality of the credit policies and underwriting standards that were in place when the housing bubble burst.  Banks with more conservative policies simply fared better.”     

###

Click Here for a related article from The Mountain Press

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Press Release

Basic FDIC Insurance Coverage Permanently Increased to $250,000 Per Depositor

 

FOR IMMEDIATE RELEASE
July 21, 2010

Media Contact: 
Andrew Gray (202) 898-7192 
Email: Angray@fdic.gov 

 On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until December 31, 2013. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. 

The temporary increase from $100,000 to $250,000 was effective from October 3, 2008, through December 31, 2010. On May 20, 2009, the temporary increase was extended through December 31, 2013. 

"With this permanent increase of deposit insurance coverage to $250,000, depositors with CDs above $100,000 but below $250,000 will no longer have to worry about losing coverage on those CDs maturing beyond 2013. We strongly encourage all bank depositors who have questions about their insurance coverage to go to our Web site at www.fdic.gov and use our Electronic Deposit Insurance Estimator (EDIE) or call our toll-free number at 1-877-ASK-FDIC. Insured deposits provide the comfort and peace of mind to depositors that their money is 100 percent safe – provided they keep their deposit balances within the insurance limits," said FDIC Chairman Sheila C. Bair. 

To help consumers, bankers and others understand how the new law affects deposit insurance coverage and to help consumers verify whether their deposit accounts are fully protected, the FDIC provides the following resources: 

  • Information on deposit insurance on the FDIC Web site: Updated brochures on deposit insurance coverage (including the basic guide, Deposit Insurance Summary, and the more comprehensive guide, Your Insured Deposits) and a new version of the "Electronic Deposit Insurance Estimator" (EDIE), an interactive service that allows consumers to quickly and easily check whether their accounts are fully protected, are now available on the FDIC's Web site (www.fdic.gov).
  • A toll-free consumer assistance line: Help and information about deposit insurance and other matters of interest to bank customers are available at 1-877-ASK-FDIC (1-877-275-3342) Monday through Friday from 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.

# # # 

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insured deposits at the nation's 7,932 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring the addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations. 

FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-161-2010 

 

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FDIC