Tennessee Senate Bill SJR0983

Tennessee 2023-2024 Regular Session

• Introduced: 2/12/24
• Engrossed: 2/26/24
• Enrolled: 3/1/24
• Passed: 3/11/24

Caption

A RESOLUTION to commend First National Bank of Oneida upon its recognition as a Centennial Tennessee Company.

Impact

The resolution serves to commend the contributions of First National Bank of Oneida to the community, recognizing its legacy and influence in Scott County. By officially acknowledging the bank, the resolution not only celebrates a historical business but also encourages other local businesses to strive for similar longevity and community engagement. This recognition underlines the importance of maintaining strong local entities that contribute positively to the economy and public services.

Summary

SJR0983 is a Senate Joint Resolution that recognizes the First National Bank of Oneida for its milestone as a Centennial Tennessee Company. This designation honors businesses that have demonstrated a long-term commitment to serving their communities and have been operational for over a century. The resolution highlights the bank’s history, beginning as the Scott County Bank in 1904, and emphasizes its significant role in local economic and educational development throughout its existence.

Contention

While the resolution itself is largely celebratory and unlikely to face opposition, it does open up discussions on the broader implications of supporting local companies over national chains. By commending a locally-owned business, the bill subtly stresses the value of local investment and economic stability, which may align with ongoing discussions about the importance of community-based solutions in economic policy.