<BillNo> <Sponsor>
HOUSE JOINT RESOLUTION 511
By Faison
HJR0511
006458
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A RESOLUTION to recognize and congratulate First Peoples
Bank of Tennessee on the occasion of its fiftieth
anniversary.
WHEREAS, it is fitting that the members of this General Assembly recognize those
dynamic financial institutions whose contributions have been vital to the economic life of their
respective communities; and
WHEREAS, for the past five decades, First Peoples Bank of Tennessee has capably
served and earned the trust of customers throughout East Tennessee; and
WHEREAS, originally known as First Peoples Bank of Jefferson City, the bank was
chartered by 725 stockholders on November 21, 1974; and
WHEREAS, the bank's main branch was opened on January 2, 1975, with a total of six
employees; the bank operated in a portable building until it moved into its current Jefferson City
main office in May 1976; and
WHEREAS, First Peoples Bank is the oldest and, currently, the only bank housed in
Jefferson County; additional branches have been opened in Dandridge (1976), Talbott (1979),
Strawberry Plains (1982), and West Knoxville (1998); and
WHEREAS, the bank changed its name to First Peoples Bank of Tennessee in 1994,
better reflecting its expanded operations in the Volunteer State; the bank currently operates five
branches, located in Jefferson, Hamblen, and Knox counties, as a state-chartered bank; and
WHEREAS, in 2010, a group of local investors re-capitalized the bank and purchased all
of the bank's outstanding stock; at that time, the bank was rechartered as a "de novo" bank; and
WHEREAS, the bank's stock is owned by First Peoples Bankcorp, Inc., a 100-percent
locally owned bank holding company based in Jefferson City; and
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WHEREAS, First Peoples Bank has demonstrated a steadfast commitment to
excellence for half a century now, serving the individuals, families, businesses, and
homeowners of East Tennessee with nothing less than the utmost professionalism and financial
acumen; now, therefore,
BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF THE ONE HUNDRED
FOURTEENTH GENERAL ASSEMBLY OF THE STATE OF TENNESSEE, THE SENATE
CONCURRING, that we honor and congratulate the leadership, board members, and
employees of First Peoples Bank of Tennessee on the occasion of the institution's fiftieth
anniversary, commend their unflagging commitment to quality and integrity, and extend to them
our best wishes for much continued success in the future.
BE IT FURTHER RESOLVED, that an appropriate copy of this resolution be prepared
for presentation with this final clause omitted from such copy and upon proper request made to
the appropriate clerk, the language appearing immediately following the State seal appear
without House or Senate designation.