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Overview / Commentary
500 N. Main Street
Jamestown, TN 38556

Progressive Savings Bank is headquartered in Jamestown and is the 68th largest bank in the state of Tennessee. It is also the 2,327th largest bank in the nation. It was established in 1980 and as of June of 2016, it had grown to 111 employees at 7 locations. Progressive Savings Bank has a B health rating.


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Health Grade Components

FDIC Certificate #32021
Year Established1980
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD7.04%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$279.5MM$256.4MM
LoansQ2 2016vs Q2 2015$193.1MM$169.5MM
DepositsQ2 2016vs Q2 2015$252.1MM$230.4MM
Equity CapitalQ2 2016vs Q2 2015$25.4MM$24.1MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.5MM$1.4MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$906.00K$2.0MM
Real Estate OwnedQ2 2016vs Q2 2015$8.3MM$9.1MM
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Progressive Savings Bank Checking Account Rates

1.75%*-$15kKasasa Cash
OTHER TIERS: 0.05% $15k+
0.00%--Kasasa Cash Back

Progressive Savings Bank Locations
Cookeville Branch1080 Interstate DrCookeville, TN 38501
S Main St Branch1760 S Main StCrossville, TN 38555
Fairfield Glade Branch4929 Peavine RoadCrossville, TN 38571
Progressive Savings Bank500 North Main StreetJamestown, TN 38556
Wartburg Branch705 Main StWartburg, TN 37887
North Main Branch807 North MainCrossville, TN 38555