Volunteer State Bank


Overview / Commentary
615-325-9257
101 Highway 52 West
Portland, TN 37148

Volunteer State Bank is headquartered in Portland and is the 24th largest bank in the state of Tennessee. It is also the 906th largest bank in the nation. It was established in 1977 and as of June of 2022, it had grown to 130 employees at 14 locations. Volunteer State Bank has an A+ health rating.

Reviews (2)

Great Bank - But Refuses To Get With The Times

Posted by: |

They refuse to get Apple Pay. It’s like having a bank that is run by your grandpa who is afraid of technology. It’s 2018 and I’m the only one of my friends that can’t pay from their phone cause I have a bank that won’t get the service. If they’d just do that they’d be an overall great bank.

TERRIBLE Experience With This Bank

We are a high deposit customer and while the people here are GREAT, the service is not. Their app crashes often. One minute they say you can use debit card on/off features, then it doesn't work. We rarely have to chargeback something and one time we do, they are very, very mean about it not working to the best interest of the customer. Its sad really.



Health
A+

Health Grade Components

Overall
FDIC Certificate #22451
Year Established1977
Employees130
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD6.93%
Annual Interest Income$16.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.09B$935.7MM
LoansQ2 2022vs Q2 2021$629.9MM$578.4MM
DepositsQ2 2022vs Q2 2021$946.5MM$795.9MM
Equity CapitalQ2 2022vs Q2 2021$132.5MM$132.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$6.9MM$5.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$0$0
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Volunteer State Bank are currently being reviewed.

Locations

Availability



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