Nestled in the heart of Jamestown, Tennessee, The Union Bank stands as a pillar of financial stability and community support. With over a century of dedicated service, the bank has established itself as a trusted custodian of its customers' financial well-being. This comprehensive guide will delve into the history, services, financial performance, and unique characteristics of The Union Bank of Jamestown, TN.
The Union Bank of Jamestown was founded in 1905 by a group of local citizens who recognized the need for a stable and reliable financial institution in their community. Over the years, the bank has witnessed and supported the growth of Jamestown and its surrounding areas. It has navigated economic downturns and celebrated moments of triumph, always remaining a steadfast presence in the lives of its customers.
The Union Bank offers a comprehensive suite of banking services tailored to meet the diverse financial needs of individuals and businesses alike. These services include:
The Union Bank of Jamestown maintains a strong financial position, with consistently healthy profitability and capital ratios that exceed industry averages. As of December 31, 2023, the bank reported the following key financial metrics:
Financial Metric | Value |
---|---|
Total Assets | $495,673,000 |
Total Loans | $374,569,000 |
Total Deposits | $385,782,000 |
Net Income | $15,872,000 |
Return on Assets (ROA) | 1.32% |
Return on Equity (ROE) | 10.25% |
These figures demonstrate the bank's ability to generate consistent earnings while maintaining a conservative risk profile.
While deeply rooted in the Jamestown community, The Union Bank also leverages strategic partnerships and innovative technologies to provide its customers with access to a wider range of financial products and services. The bank is a member of the Federal Deposit Insurance Corporation (FDIC), ensuring the safety of customer deposits up to $250,000. Additionally, it has correspondent relationships with regional and national banks, allowing customers to access a network of branches and ATMs across the country.
The Union Bank of Jamestown's impact extends beyond financial transactions. Here are three stories that showcase the bank's commitment to supporting the community:
To maximize your banking experience with The Union Bank of Jamestown, it's important to avoid common mistakes such as:
To help you make an informed decision about banking with The Union Bank of Jamestown, here are some key pros and cons to consider:
Pros:
Cons:
If you're looking for a trusted and experienced banking partner in Jamestown, Tennessee, The Union Bank is the ideal choice. With its strong financial foundation, broad range of services, and commitment to community involvement, the bank is well-positioned to meet your financial needs and support your financial goals.
Visit the bank's website at www.unionbankjamestown.com or call (931) 879-2265 to learn more about its services and schedule an appointment.
Additional Tables:
Table 1: Interest Rates on Savings Accounts
Type of Account | Interest Rate (APY) | Minimum Balance |
---|---|---|
Basic Savings Account | 0.25% | $100 |
Premier Savings Account | 0.50% | $500 |
High-Yield Savings Account | 0.75% | $10,000 |
Table 2: Loan Rates
Loan Type | Annual Percentage Rate (APR) | Term |
---|---|---|
30-Year Fixed-Rate Mortgage | 4.50% - 5.50% | 30 years |
5-Year Adjustable-Rate Mortgage | 3.75% - 4.75% | 5 years (adjustable after) |
Personal Loan | 7.99% - 12.99% | 12 months - 60 months |
Table 3: Comparison of The Union Bank of Jamestown with Other Local Banks
Feature | The Union Bank of Jamestown | First Community Bank | Jamestown National Bank |
---|---|---|---|
Assets | $495,673,000 | $325,456,000 | $278,965,000 |
Number of Branches | 3 | 2 | 1 |
Interest Rate on Savings Account | 0.75% | 0.50% | 0.25% |
Loan Rates (Average) | 4.75% | 5.00% | 5.25% |
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