CLARKSVILLE, TN (CLARKSVILLE NOW) – Two long-standing Middle Tennessee community banks, Clarksville-based F&M Bank and Volunteer Bank, have aligned under a single bank charter and holding company, Lawrence Bank.

Both Volunteer Bank and F&M Bank will continue operating as divisions of Lawrence Bank, maintaining their established brands and local market presence, according to a news release on Thursday. The alignment is effective Jan. 1.

“For over seven years, Volunteer Bank and F&M Bank have been aligned by common ownership, shared values and a clear purpose: to serve our communities with integrity, consistency and care,” Gaylon Lawrence Jr., sole shareholder of Volunteer Bank and F&M Bank, said in the release. “Uniting under the Lawrence Bank charter allows us to build on that foundation and positions us to remain a locally owned, community-focused banking partner for Middle Tennessee today and for generations to come.”

Leadership positions announced

The combined organization is led by Tony Gregory as chairman, president and chief executive officer of Lawrence Bank and Mark Seaton as chief financial officer of Lawrence Bank. These are roles they previously held for Volunteer Bank. DeWayne Olive, former chairman and chief executive officer of F&M Bank, serves as chief operating officer of Lawrence Bank. David McDaniel will serve as president for Volunteer Bank, while John Wallace Jr. will continue as president of F&M Bank, the release said.

With a combined presence across the Nashville and Clarksville markets, Lawrence Bank will rank among the top 10 banks in Middle Tennessee by deposit market share, the release said. Following a systems integration anticipated in mid-2026, the organization will serve customers across nine Middle Tennessee counties, offering expanded access to branches and services while continuing to operate under the Volunteer Bank and F&M Bank brands.

About F&M Bank, Volunteer Bank

Founded in 1906, F&M Bank is a $1.5 billion community bank headquartered in Clarksville with 17 full-service offices, including locations in Montgomery, Robertson, Dickson, Stewart, Sumner and Wilson counties, the release said.

Volunteer Bank is a privately owned, Tennessee-based community bank with over $1.5 billion in assets. Founded in 1977, Volunteer Bank operates 17 full-service branches in Davidson, Robertson, Rutherford, Sumner, Williamson and Wilson counties.

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