Volunteer Bank and F&M Bank announced on Nov. 10 the consolidation of both banks under a single charter and holding company. The banks will operate under the Lawrence Bank charter, while retaining the Volunteer Bank and F&M Bank brands in their respective markets. Customers will continue to enjoy the personalized service, strong relationships and local banking advantages they have always valued.
“Middle Tennessee’s dynamic and rapidly growing economic climate demands strong, innovative community banking,” said Gaylon Lawrence, owner of Volunteer Bank and F&M Bank. “With both banks already under shared ownership, aligning them under a single charter strengthens our collective foundation, drives operational efficiency and positions us to better serve our local communities across the region. This strategic alignment preserves the unique identity of each institution while creating a unified platform for sustainable growth and long-term success.”
The combined organization will be led by Tony Gregory as chairman, president and chief executive officer of Lawrence Bank — a role he currently holds for Volunteer Bank. DeWayne Olive, currently chairman and chief executive officer of F&M Bank, will become chief operating officer of Lawrence Bank. David McDaniel, executive vice president and chief banking officer for Volunteer Bank, will step into the role of president for Volunteer Bank, while John Wallace, Jr. will continue as president of F&M Bank. The reorganization is subject to regulatory approval and is expected to be completed in the first quarter of 2026…