History of Community Bank & Trust Company of Cheatham County

In late 1998, several business and professional men and women in Cheatham County, noted and discussed the issue of local area banks being acquired by non-local interests. It was the consensus of this group that there may exist a business opportunity in chartering a bank to be owned, directed, and operated by local residents. On January 27, 1999, these men and women (the “Organizers”) filed a Notice of Intent to Organize a State Bank with the Commissioner of the Tennessee Department of Financial Institutions (TDFI), and an Application for Federal Deposit Insurance with the Regional Director of the Federal Deposit Insurance Corporation (FDIC). This notice was officially accepted and filed by the Commissioner February 19, 1999.

On March 1, 1999, Community Bank & Trust Company of Cheatham County, hired its first paid employee and began its organizational phase in the “log cabin” (formerly Harlow Chiropractic Clinic) on the corner of Highway 70 and Sams Creek Road in Pegram. By the second week of April 1999, the bank’s final application had been submitted to the TDFI and the FDIC. In May of 1999 the bank moved its organizational offices to the “Cathcart Building” located at 501 South Main Street in Ashland City, Tennessee.

On October 4, 1999, Community Bank & Trust Company of Cheatham County received its Certificate of Authority from the TDFI, and it’s Certificate of Federal Deposit Insurance from the FDIC. The bank hosted a homecoming celebration the week of October 8, to signify the bank’s opening and the return of community banking to Cheatham County.

Being in operation for only ten weeks, the bank, with offices located at 501 South Main Street in Ashland City, Tennessee and 704 Highway 70 in Pegram, Tennessee, ended 1999 with approximately $17.3 million in total assets. The bank began construction of its permanent facilities in April 2000 and moved into the new offices in October 2000.

As of February 28, 2001, the bank had total assets of approximately $37 million. In March 2001, the Bank filed an application to open a new office in Kingston Springs. This office officially opened for business December 10, 2001. The new office has approximately 2,000 sq. ft. and is located at 101 W. Kingston Springs Road, Suite A in Kingston Springs, Tennessee.

In January 2002, the Bank filed an application to open a new office in Pleasant View. This new office located at 2566 Hwy 49W, Pleasant View, Tennessee officially opened for business December 17, 2002.

In April 2003, Community Bank & Trust of Cheatham County made application to form a one-bank holding company, Community Trust, Inc. This application was approved by the Federal Reserve Bank of Atlanta, Federal Deposit Insurance Corporation and Tennessee Department of Financial Institutions and became effective January 1, 2004. All Community Bank & Trust Company of Cheatham County stock was exchanged share for share for Community Trust, Inc.

In 2005, the bank filed an application to open a new office in Springfield, Tennessee. This new office located at 3564 Tom Austin Highway, Springfield, Tennessee, officially opened for business April 18, 2005. Johnnie Marlin, the Bank’s Executive Vice President, was selected to become the Branch Manager and Market President for the Robertson County office due to his deep roots in the community.

As a result of the bank’s expansion into Robertson County, the Board of Directors approved the recommendation to amend the Bank’s Charter changing the name from Community Bank & Trust Company of Cheatham County to Community Bank & Trust. This name change was approved by the Tennessee Secretary of State, Tennessee Department of Financial Institutions and the Federal Deposit Insurance Corporation in May 2005.

With success comes growth and expansion. In the fall of 2006, the Main Office expansion was completed with the addition of a new 7,300 sq. ft. administration building which houses the operations department, accounting, compliance, marketing and information systems and security. Once the administrative personnel relocated to the new administration building, the Credit Administration Department relocated to the upstairs offices of the Main Office. During the first quarter of 2007, centralized loan processing was implemented.

The bank made history by building the first cross-walk in Ashland City that connected the administration building with the existing facility. The mortgage loan department was moved to the lower level of the administration building during the first quarter of 2007.

On March 30, 2012, the Corporation filed an “Articles of Amendment” with the Tennessee Secretary of State to change the name of the Holding Company from Community Trust, Inc. to Tennessee Community Bank Holdings, Inc.