Last year, we celebrated 100 years in the banking

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“ The great thing in the world is not so
much where we stand, as in what direction
we are moving.”
– Oliver Wendell Holmes
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Last year, we celebrated 100 years in the banking business. It was a time
for celebration. It was a time for reflection. It was also a time when we worked hard to make the
continuous improvements necessary to meet the changing needs and expectations of our customers.
We celebrated our first hundred years and our status as an independently owned, Tennessee-based
statewide community bank. We celebrated the nearly 40,000 households that chose FirstBank as their
financial partner, placing us in the top 5 percent of all U.S. banks in asset size.
We reflected on our roots as a bank founded in 1906 in Scotts Hill, Tennessee, population 894, by local
folks looking to meet the banking needs of their neighbors. We reflected with gratitude on the long
line of FirstBank bankers who preceded us and built our reputation for outstanding customer service.
We reflected on how very blessed we are to be bankers in a country where hard work is rewarded
and citizens are free from the tyranny of fear and corruption and free to make choices in their lives.
We know freedom comes with the responsibilities to deal fairly and honestly
with each other and to treat others the way we want our own families treated.
We also know and feel the responsibility to share our good fortune with our
neighbors – to give of our time and money to make life better through education,
the arts, care for the abused and less fortunate, and through fostering economic
growth. My teammates are volunteering in all of these arenas.
As we enter our second century, we are committed to staying true to our
roots as a bank with bankers involved in the communities we serve. We are
also committed to providing you with better products and more convenient access to our bank. We
will continue to grow, but we are keenly aware that there is a difference between growing larger and
growing better.
At FirstBank, more customers are choosing to do business with us because of the values we hold and
the way we do business. We realize you have many banking choices. We know we must re-earn your
business every time you walk through our door, call us on the phone, or visit us online. Our recent
acquisition of seven new branches in the Midstate was a strategic move to offer more convenience.
We continually make improvements to our online services for those who choose to do their banking
electronically. Branches, ATMs, debit cards and online banking are all important components of services, but real banking is done person-to-person.
A number of the important brands of my youth, such as Oldsmobile, Montgomery Ward,
Woolworth’s 5 and 10¢ store, and People’s Drugs, no longer exist because they did not change to
meet their customers’ needs or they did not offer an improving level of service valued by their
customers. I am confident that our goal must be to grow by getting better, not just bigger.
We must continue to find new ways of serving our customers’ evolving needs, recognizing that consumers,
real estate investors, and business owners define those needs differently. This is our focus for 2007
and beyond. Thank you for sharing our journey, and let us know how we can better serve you.
Douglas Cruickshanks, Jr.
President and CEO
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ACQUISITION/GROWTH
With the acquisition of seven former AmSouth branches in 2006, FirstBank now has 43 locations and
approximately $1.9 billion in assets, making it the largest independently owned bank in Tennessee.
FirstBank’s growth in 2006 is a further reflection of the success we have enjoyed in taking our
community-banking model into major markets, mid-sized cities and small towns across the state –
success that we measure by the increasing number of lasting relationships we have established with our
customers, associates and the communities we serve.
Of the seven branches acquired by FirstBank, six are in new markets – Crossville, Dayton, Fayetteville,
Shelbyville, Smithville and Woodbury. These acquisitions bring our style of banking to new customers
and allow us to become active in these communities. The seventh branch added another FirstBank office
in Paris.
But FirstBank acquired more than branch offices and customer accounts with the acquisitions – we also
brought 60 new associates into the FirstBank family. The addition of these knowledgeable, dedicated
banking professionals adds even more depth to FirstBank’s statewide staff, which now surpasses 480
people.
These new associates will find that FirstBank is committed to providing ongoing training and professional
development opportunities, to help them better serve our customers and enhance their careers.
Whether they are on the front line of customer
service or play operational roles behind the scenes,
FirstBank associates all make daily contributions to
the bank’s continuing success.
At FirstBank, we know that our continued success
and growth no doubt are the results of our commitment
to personal, friendly service and innovative products.
But they are also based on our deep understanding
that we must evolve along with the changing needs
of our customers. From consumer and business
banking to commercial real estate financing,
FirstBank provides customers with products and
services tailored specifically for them.
Douglas Cruickshanks, Jr., FirstBank president and CEO,
and Brenda Cantrell, Smithville bank branch manager,
shake hands in recognition of FirstBank’s acquisitions as
James W. Ayers, FirstBank chairman, looks on.
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NEW MARKETS, NEW LEADERS
FirstBank stresses local decision-making in all of its metro and community markets. And that’s why
the bank feels fortunate to have two industry veterans with deep ties to their regions heading up the
new offices created by the acquisition of seven new branches.
Jim Pemberton of Cleveland, Tenn., and Scott McDonald in Shelbyville are
serving as area presidents for the new FirstBank communities, and both are
enthusiastic about joining the FirstBank team.
Jim Pemberton
Pemberton, a longtime Cleveland banker with more than 20 years of
leadership experience in the industry, will be directing FirstBank’s growth in that
area, which will include the new branches in Crossville, Dayton and Smithville in
addition to a new loan production office planned for Cleveland.
“Early on in my conversations with Mr. Ayers, I could see that the roots of the
organization are centered on a community-banking style that is driven by the
customer,” Pemberton said. “FirstBank is not just an organization; it is a family made up of talented,
caring professionals who strive to make a difference in the communities where they serve and live,
and I am fortunate to have the opportunity to join the FirstBank team.”
McDonald will serve a similar role, heading up the new branches in Fayetteville and
Shelbyville, where he looks forward to bringing FirstBank’s style of banking to new
consumer and business customers.
Scott McDonald
“There is an uncompromised fit between FirstBank’s business expectations and
the expectations of banking customers in these small communities,” said
McDonald. “And that’s what makes it worth coming out of a long-planned
retirement.”
McDonald, who recently retired from AmSouth, has worked in the banking industry for 17 years.
He has long been impressed by FirstBank Chairman James W. Ayers and says he relishes the
opportunity to work with him.
“I have always admired Mr. Ayers for his personal involvement with customer activity,” said
McDonald. “I have said that if I could run a bank my way, I would follow the community-banking style
of FirstBank. It is such an honor to be joining the FirstBank family.”
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MEETING CUSTOMER NEEDS
FirstRewards Checking
Remote Image Deposit
FirstRewards Checking, an innovative checking
account product aimed at rewarding FirstBank
customers, was rolled out in late 2006 and already
is proving to be highly popular.
When the U.S. banking industry switched to
imaging systems to process paper checks,
FirstBank took this technology a step further by
offering its business customers the increased
convenience and time-saving measures of Remote
Image Deposit, the bank’s new check-depositing
system.
The centerpiece of FirstRewards Checking is a
high interest rate on account deposits and refunds
for fees assessed by other banks for using their
ATMs. The only requirements to receive the high
interest rate are 10 debit card transactions and
one direct deposit per cycle, a valid e-mail address
and the capacity to receive electronic statements.
“There’s not another bank in the country, big or small,
that has a better checking account program. We will
put FirstRewards Checking up against any of them,”
said Suzanne Reed, FirstBank’s senior vice president
of marketing. “It is a great product for our loyal
customers, and it’s a very effective marketing tool
that’s helping us attract new customers.”
Here’s how it works: Business customers use
a special scanner and Internet-based system
to scan checks and archive them for future
reference. Then, the check images are sent
electronically to FirstBank for deposit processing.
Business customers using the system lease
the special scanner and software system via
FirstBank’s third-party vendor, i-stream. With
RID, transactions occur immediately, saving travel
time and minimizing the risk of lost or stolen
checks.
“By introducing Remote Image Deposit, FirstBank’s
customers, regardless of the size of their businesses,
can enjoy time and cost savings,” Reed said.
“Our customers can spend less time preparing
deposit forms and photocopying checks. This
system is just one more way that FirstBank is
committed to making banking more convenient
for our customers.”
FirstBank customer Manish Patel is assisted by FirstBank
Smyrna head teller Nancy Hawkins.
Check images
transmitted to
FirstBank
(or FirstBank’s
clearing agent).
Client
stores
endorsed checks
for minimum of
14 days under
physical
security.
After that time,
original checks
are destroyed.
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Using a PC, through
a secured Internet
site and an attached
scanner, the client
will make deposits
from his/her office.
FirstBank
client receives
same-day ledger
credit, next-day
collected credit.
Federal Reserve
or other
clearing agent
settles funds
between banks and
forwards images for
posting to issuing
bank.
Issuing bank
posts check image
to payee’s account.
RID eliminates the need to prepare deposit tickets and make a trip to the bank. With RID
a client can safely and efficiently make a deposit of checks from his or her office.
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Community Bank Products
FirstBank has become one of the nation’s largest
issuers of gift cards to community banks since it
launched its Community Bank Products division in
2005. The CBP division, based in Franklin, Tenn.,
has issued more than 100,000 VISA gift cards, and
the reseller network has loaded more than
$5 million in card value. FirstBank already has
more than 180 banks in its reseller network,
and it plans to expand it to more than 1,000
community banks in 2007.
VISA analysts estimate that $1 out of every $8
spent on holiday purchases in 2006 went toward
the purchase of gift cards, which ranked No. 3 on
the average consumer’s gift list. The gift card
market is estimated at $175 billion.
Although the division is relatively new, it already
has established partnerships with community
banks across the nation, and FirstBank expects it to
show substantial growth in the coming year.
Community banks that agree to a relationship
with FirstBank sell the VISA gift cards directly to
their customers. Cards can be loaded for various
amounts between $25 and $500 and used
anywhere VISA cards are accepted. Exceptions
include hotel charges, rental cars, and pay-at-thepump gas. Cardholders can go online to view
transaction history, and the card balance can be
used to pay for things electronically or online.
Businesses that purchase the cards from reseller
banks can use them as part of an incentive,
performance or achievement program or to reduce
cash and check spending.
“We are playing a key role in giving community
banks the opportunity to become involved in the
gift card market,” said Tip Evans, FirstBank senior
vice president and head of CBP. “We feel it’s a
chance for banks to expand their product offerings
and offer customers and businesses an extraordinary
benefit to go along with their daily banking needs.”
Evans says the division also plans to add more
pre-paid debit product lines, such as travel money
cards to replace traveler’s checks and a general
purpose reloadable personalized card, which
would allow customers to have an alternative to
carrying cash and only spend what money they
load onto it.
CBP developed a platform that allows community
banks, which otherwise might not have the
resources, to market VISA gift cards directly to
their customers.
When StoneCrest Medical Center was looking for Christmas
gifts for its staff of more than 500, FirstBank Smyrna had the
answer - VISA gift cards.
(Left to right) StoneCrest Medical
Center employees Lisa Harper, R.N.,
Infection Control and Employee Health;
Mark Dickinson, M.D., Chief of Staff;
and Joe Hill, director of Human Resources.
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FIRSTSCHOLARS
In 2003, FirstBank established the FirstScholars
program to support associates’ children in
their pursuit of higher education. The program
has awarded more than 100 scholarships to
deserving students. In 2006 alone, the
FirstScholars program provided $31,000 in
scholarships for 39 students.
Congratulations to the
2006-2007 FirstScholars:
Casey Autry, University of Memphis
Michael Barnes, Murray State University
Lauren Beecham, Middle Tennessee State University
Mark Bolen, Lipscomb University
Kathryn Cagle, Austin Peay State University
Caroline Carter, University of Tennessee at Knoxville
James Clark, University of Tennessee at Martin
Candace Clippard, Samford University
Alisha Coffman, University of Memphis
Betsy Coleraine, University of Tennessee at Martin
Emily Cowan, Motlow State Community College
Johnathan Deberry, Bethel College
Penny Dickson, University of Memphis
Tipton Evans, University of the South
Tyler Evans, Mississippi State University
Tara Hammrich, Middle Tennessee State University
Mallory Holt, Jackson State Community College
Keeambra Johnson, Middle Tennessee State University
Megan King, Austin Peay State University
Helyn Lewis, Western Kentucky University
Mary Mahaffey, University of Texas at Austin
Allison Mercer, University of Tennessee at Chattanooga
Cody Middleton, University of Tennessee at Chattanooga
Mallory Miller, Lipscomb University
Paul Morris, Austin Peay State University
Allison Myracle, University of Tennessee at Knoxville
Chase Myracle, Jackson State Community College
Heather Newman, Jackson State Community College
Luke Presley, Belmont University
Matthew Roberts, University of Tennessee at Martin
Holly Rowsey, University of Memphis
Jeffery Standley, Middle Tennessee State University
Kyle Standley, Middle Tennessee State University
Samantha Stepp, University of Tennessee at Martin
Alex Thacker, University of Tennessee at Chattanooga
Lauren Tucker, University of Tennessee at Knoxville
Reece Tucker, Vanderbilt University
Zachary Wilbanks, Chattanooga State University
Heaven Wilks, Dyersburg State Community College
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AYERS
FOUNDATION
Jim Ayers established the Ayers Foundation in 1999
to support a wide variety of causes in its quest to
improve the quality of life in the communities served
by FirstBank. Since its inception, the Foundation has
placed an emphasis on improving educational
opportunities. Its signature education program, the
Ayers Scholars, has shown hundreds of young
people in Decatur and Henderson counties that
hard work and dedication bring rewards that can last
a lifetime.
Ayers Foundation Scholars
For the seventh year in a row, the Ayers Foundation
contributed to the educational development of high
school graduates in Decatur County. In 2006,
78 Riverside and 29 Scotts Hill high school
graduates were named as Ayers Foundation
Scholars. They received scholarships to study at
their chosen post-secondary institutions.
The program awards recipients up to $4,000
annually for up to four years of higher education.
The goal of Ayers’ program is to ensure that at least
75 percent of high school graduates from these two
counties attend and graduate from a post-secondary
institution. More than 400 Decatur County students
currently are attending or have graduated from
four-year colleges and universities, two-year schools
and technology centers with the help of the
scholarship program.
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UT Martin Extension
Ayers Alumni Scholarship Recipient
In June 2006, Jim Ayers donated $1 million to the
University of Tennessee at Martin extension
campus construction in Parsons, Tenn., a gift that
was matched with $1 million in state funding and
another $1 million in other donations.
Ayers Foundation Scholars alumni recognized Mr.
Ayers by organizing and presenting the newly
created Ayers Alumni Scholarship to a deserving
student. This year’s Ayers Alumni Scholarship was
presented to Adam Camper, an Ayers Scholar
attending Jackson State Community College.
Camper was awarded the $1,000 scholarship for
his outstanding character, leadership and academic
achievements.
“The Foundation’s goal has always been to extend
the opportunity for higher education to as many
students as possible,” Ayers said. “Our hope is
that the new UT Martin Parsons Center will open
the door to learning for young people in Decatur
County and beyond.”
Construction of the campus is set to be completed
by fall of 2008, but classes began in early 2007 at
the Parsons Municipal Building and Riverside High
School. The center will initially offer bachelor’s
degrees in university studies and nursing along
with core classes at night and on the weekends,
but center staff members hope eventually to
provide a bachelor’s degree in K-6 education.
Although more than 90 percent of Decatur
County’s seniors go on to
further their educations,
former Ayers Foundation
Scholar and center director
Jason Rushing believes the
number of local college
graduates could increase
even further because of the
Jason Rushing
new campus.
“The Ayers Alumni Scholarship
is a way for former Ayers
Scholars to give back,” said
Rushing, who worked with
other Foundation alumni to
raise the scholarship money.
“Through the Ayers Foundation,
we’ve been given the opportunity
Adam Camper
to succeed, and were shown
such generosity. We hope Adam and future
scholarship recipients realize the importance of
investing in our communities.”
“Each year, I’m amazed at the dedication of the
students who participate in the Scholars
Program,” said Scooter Clippard, president of the
Ayers Foundation. “They realize the positive
impact that education can have on their lives, and
it has shown in their scholastic achievements.”
“In order for an area to prosper, it must have a
well-educated group of young people to help lead
it,” Rushing said. “Thanks to Mr. Ayers and the
Ayers Foundation, an increasing number of high
school graduates in Decatur County now have
the opportunity to further their educations while
remaining in the community and contributing to
its progress.”
Jim Ayers donated $1 million in June 2006 to assist with the construction of a new extension campus
in Parsons for the University of Tennessee at Martin. The state matched that million-dollar gift, and
another million was raised through private donations. Photo courtesy of Mayor Tim Boaz, Parsons.
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FirstArt – The Little Things
Briar Ray of Harrelson Elementary in Paris is quite a lucky boy.
When prompted by FirstBank’s annual FirstArt contest to share what
he is most thankful for, he drew a tree with a swing and a John Deere
tractor, which are things that every young boy would enjoy.
And because of his creative depiction, many folks in the Paris area
know why Briar is so thankful. His artwork was chosen for the cover
of Paris’ holiday card during the bank’s contest, which was created in
2001 for first-graders in FirstBank’s markets across the state to design
the bank’s annual cards. It’s created holiday fun for Tennessee
youngsters as well as FirstBank customers who get to see the
memorable drawings each year.
Winners are named in each FirstBank market, and each receives a
savings bond in addition to having their artwork featured on the cover
of their community’s FirstBank card.
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COMMUNITY OUTREACH
Local decision-making and community involvement are cornerstones of FirstBank’s approach to
banking. That’s why in many of its markets, FirstBank has established advisory boards composed of
well-respected business and community leaders. The advisory boards bring a diverse community
perspective to the bank and help develop strategies for growth and community partnerships.
In addition to making donations and providing resources for community organizations and various
causes, FirstBank encourages all its associates to become involved in their communities. Here is a partial
list of the many things FirstBank does to lend a helping hand:
• FirstBank’s Camden branch is involved in the Business and Professional Women’s Reality Store, which
teaches eighth-graders about financial planning. Associates are also active in Rotary Club, the American
Cancer Society and Habitat for Humanity.
• Dickson associates host the annual “Cruisin’ for a Cure,” which attracts more than 200 riders each
year and raises thousands of dollars for the American Heart Association. Last year, every Dickson
branch associate also participated in Relay for Life, a fundraising event for the American Cancer Society.
• FirstBank’s Huntingdon branches have sponsored the South Carroll County Relay for Life since it
was created five years ago. Associates also sponsor the Financial Literacy Project for upperclassmen at
Clarksburg High School and participate in a variety of local organizations.
• Many Jackson associates are involved in Relay for Life, the Jackson Exchange Club, the March of
Dimes and Leadership Jackson.
• Knoxville associates serve in various roles with the United Way, Knoxville Quarterback Club, Boys
and Girls Clubs of America, Oak Ridge Chamber of Commerce, the East Tennessee Economic
Council and the Great Smoky Mountain Council.
• Lexington associates are extremely active in Relay for Life, as well as Rotary Club. Several associates
instruct children on the importance of saving with the “Teach A Child To Save” program.
• FirstBank’s Linden branch supports Rally Tennessee and the Perry County Heritage Days Festival.
• Memphis associates contribute to Relay for Life and the March of Dimes. The branch also supports
the Mid-South Real Estate Investors Association.
• Murfreesboro associates participate in numerous organizations – including the National Head Start
Association, Rutherford Books from Birth, the local domestic violence shelter, the Blue Raider Athletic
Association, Project H.E.L.P., and many others.
• FirstBank’s Paris branch sponsors the First Patriot Bank scholarship program and the Henry County
High School Quarterback Club. Many associates are active in community organizations, such as Rotary
Club, Kiwanis and the Paris-Henry County Chamber of Commerce.
• In Smyrna, associates support a variety of local organizations, such as the United Way of Rutherford
County, Stones River Manor, Smyrna Senior Citizen Club and the Rutherford County Adult Activity
Center.
• One hundred percent of Waverly associates participated in the United Way campaign and Relay for
Life in 2006.
FirstBank’s goal is to give back even more to Tennessee in 2007.
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NEWS AND NOTES
Knoxville
FirstBank made its first foray into East Tennessee with the opening of a loan
production office in Knoxville, and in late 2005 boosted its presence there with the
opening of a full-service office in the heart of the city’s business district. The branch
operations are located in the old Bank of Knoxville building at the corner of Market
and Church, and the FirstBank name can be seen on all four sides of the building,
which was built in 1927 and is considered an architectural treasure. “The signs give
us strong name visibility and help show our commitment to the downtown
revitalization,” said Tim Bush, FirstBank Knoxville city president.
Memphis
Since FirstBank entered the Memphis market in 2001, it has significantly strengthened
its presence in the area by opening a new branch on Poplar Avenue and expanding
its local leadership team. In September 2006, Brad Wiese was named Memphis city
president while Kevin Womack became city president of the Bartlett area.
“FirstBank is committed to the Memphis area, and the moves we made here in
2006 put us on track to substantially increase our business,” Wiese said. “The
Memphis banking market is very competitive – we know that consumers and
businesses have a lot of choices. But FirstBank thrives on competition because it
allows us to show people why we are the best.”
Photo courtesy of
Memphis Business Journal.
Wiese has set high expectations for expanding FirstBank’s commercial and personal banking business
in Memphis, and Womack will be focusing on business development in the Bartlett area. FirstBank,
meanwhile, is completing renovations on a 5,000-square-foot office at 8398 U.S. 64 that is replacing the
existing Bartlett office on Wolfcreek Parkway. The office will also serve Lakeland, Arlington and Fayette
County.
Parsons
FirstBank now has its chairman’s hometown covered. While the bank continued to
grow and serve communities throughout West Tennessee, it interestingly did not
have a strong presence in perhaps the most expected place of all – the hometown
of Jim Ayers.
That all changed in the summer of 2006 when FirstBank announced its expansion
in the Decatur County town of Parsons. FirstBank’s Decatur County growth was
celebrated with a groundbreaking ceremony for the new branch on June 15.
Despite having a drive-through location there for years, FirstBank wasn’t fully servicing the Parsons market.
The new office, located at 494 Tennessee Avenue, will be the
bank’s first full-service location in Decatur County
and will also serve as the new home of Ayers
Asset Management. The two-story building
will cover approximately 20,000 square feet.
The bank is scheduled to open in the summer
of 2007, and will be headed by Gabe Williams.
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FINANCIAL SUMMARY
(in thousands of dollars)
12/31/05
12/31/06
$ CHANGE
% CHANGE
INTEREST INCOME
72,210
94,461
22,251
30.81
INTEREST EXPENSE
(24,317)
(41,404)
17,087
70.27
NET INTEREST INCOME
47,893
53,057
5,164
10.78
NON-INTEREST INCOME
10,900
10,733
(167)
(1.53)
LOAN LOSS PROVISION
(2,368)
(2,537)
169
7.14
(868)
(760)
(108)
(12.44)
OTHER G&A EXPENSES
(35,484)
(38,372)
2,888
8.14
NET INCOME BEFORE TAXES
20,073
22,121
2,048
10.20
DEPOSITS
1,200,000
1,190,46 4
1,100,000
800,000
700,000
600,000
500,000
500,000
400,000
400,000
300,000
300,000
200,000
200,000
100,000
100,000
2002 2003 2004 2005 2006
985,935
881,646
979,832
695,889
700,000
900,000
827,257
800,000
875,771
840,004
900,000
16
1,100,000
1,000,000
1,000,000
600,000
NET LOANS
701,528
1,200,000
1,168,859
AMORTIZATION OF INTANGIBLES
2002 2003 2004 2005 2006
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ROE
(RETURN ON AVERAGE EQUITY)
2006
10.43
2005
10.32
6.00
ROA
7.00
8.00
9.00
10.00 11.00
(RETURN ON AVERAGE ASSETS)
2006
1.00
2005
1.04
0.6
0.7
0.8
0.9
1.0
1.1
TOTAL CAPITAL
TO ASSETS
1,471,791
1,500,000
1,400,000
1,148,898
1,200,000
1,000,000
800,000
890,888
900,000
1,081,663
1,100,000
1,256,712
1,300,000
700,000
600,000
500,000
400,000
100,000
134,597
122,317
117,748
120,002
200,000
93,220
300,000
2002 2003 2004 2005 2006
ASSETS
CAPITAL
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FIRSTBANK EXECUTIVES AND
BOARD MEMBERS
SENIOR EXECUTIVES
J. Jonathan Ayers
Britin Boatright
Renee G. “Winnie” Bunch
David Burden
Craig Butler
Buzz Carter
B.C. “Scooter” Clippard, Jr.
Douglas Cruickshanks, Jr.
Wilburn J. “Wib” Evans
Douglas W. Ferris, Jr.
Cindy Gore
Don Holsinger
Tim Johnson
Darryl Presley
Suzanne Reed
Nikki Smothers
Claire W. Tucker
Senior Vice President
Senior Vice President, Real Estate Lending
Chief Financial Officer
Senior Vice President, Community Markets
Senior Vice President, Human Resources
Senior Underwriting Officer
Chief Development Officer
President and Chief Executive Officer
Chief Operating Officer
Director of Strategic Planning
Senior Vice President, Operations
Senior Vice President, Mortgage
Senior Vice President,
Loan Administration
Senior Vice President, Investments
Senior Vice President, Marketing
Compliance Director
Senior Vice President, Metro Markets
CITY/AREA PRESIDENTS
Bartlett
Camden
Cleveland
Dickson
Fairview
Huntingdon
Jackson
Knoxville
Lexington
Linden
Memphis
Murfreesboro
Nashville
Paris
Shelbyville
Smyrna
Waverly
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Kevin Womack
Sam Long
Jim Pemberton
Terry Brown
Tom Randolph
John Clement
Curtis F. Mansfield
Tim Bush
Jeff Lewis
Bruce Cotton
Brad Wiese
Charles “Chuck” Lewis
Claire W. Tucker
Troy Buttrey
Scott McDonald
Jim Bryant
David Hatcher
FirstBank AnnRep
6/14/07
9:43 AM
Page 29
2006 BOARD OF DIRECTORS
James W. Ayers
Douglas Cruickshanks, Jr.
J. Jonathan Ayers
Wilburn J. “Wib” Evans
James L. Exum
Joseph E. Fisher
Orrin H. Ingram
Ruth E. Johnson
Jeffrey N. Lewis
Curtis F. Mansfield
Stuart C. McWhorter
Ted H. Welch
Ray Smith
Chairman of the Board
President and Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Honorary Member
ADVISORY BOARDS
Camden
James Richard
“Dickie” Bivens
Shari Kim Dudley
Haynes Hubbs
Dr. William McConnell
Brent Smith
Mack Terry
Dickson
Dr. Bill Jackson
Mike Legg
Ray Mifsud
Dr. Leah Patrick
Dr. Julie Perrigin
Huntingdon
Paula Atkins
Walter Butler
Dale Kelley
Garvin Renfroe
Larenda Scarbrough
Dr. Tim Tucker
Jackson
Chris Allison
Jeff Brasfield
C. Vicki Burch
Charles Campbell
William O. Liles
Lloyd McKelvey
Wesley Richardson
David Woolfork
Murfreesboro
Mel Adams
Tom Batey
Wendell Bolin
Joyce Ewell
Tina Gresham, M.D.
Elizabeth Rhea, M.D.
William Rowland
William Sloan
Jimmy Throneberry
Ron Wright, D.D.S.
Nashville
David “Buddy” Bacon
Steve Cates
Arles Greene
Cordia Harrington
Bill Hawkins
Mark McNeely
Paris
Richard Dunlap III
Michael Murphey
Kerry Paschall
Dawn Poole
Sam Tharpe
Smyrna
Sam Coleman
Glenn Foutch
Paul Lamb
Sherry Lane
Patricia “Trish” Nash
Jack Raleigh
Jean Seals
Barry Whitehead
Orrin H. Ingram
Stuart C. McWhorter
INGRAM AND
MCWHORTER
JOIN FIRSTBANK
BOARD OF DIRECTORS
In 2006, Orrin H. Ingram and Stuart
C. McWhorter were named to the
FirstBank board of directors.
Ingram is president and CEO of
Ingram Industries Inc., a privately held
Nashville-based company with four
operating divisions: Ingram Book
Group, Ingram Barge Company,
Ingram Digital Ventures and Lightning
Source. He is also actively involved
with several executive and advisory
boards.
McWhorter is the founder and
a managing partner of Clayton
Associates, a private equity firm based
in Franklin, Tenn., that invests in
early-stage growth companies and
select real estate ventures. He
currently is a member of FirstBank’s
Nashville Advisory Board and also
serves on numerous executive boards.
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NEW
BEGINNINGS
FirstBank AnnRep
6/14/07
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FirstBank
Lexington, TN 38351
Phone (731) 968-5711
www.firstbankonline.com