By Tamas Mondovics
Officials at the Farmers State Bank (FSB) in Mountain City were pleased to announce that FSB chairman, president, and CEO, John Muse, was installed as chairman of the Tennessee Bankers Association (TBA) during ceremonies at the organization’s recent 128th Annual Meeting. The ceremony held on June 19, 2018, at The Broadmoor in Colorado Springs, Colorado saw more than at 640 members of the financial services industry and related businesses who attended the annual convention.According to Bank officials, Muse has served as a member of the board of directors of Farmers State Bank since 1979, was elected chairman in 1997, and named president/CEO in 2006.
Before his full-time banking career, Muse worked for 25 years as a State Farm insurance agent in Mountain City. He attended East Tennessee State University, is a graduate of the TBA’s Southeastern School of Banking and the Graduate School of Banking at LSU.Muse accepted the chairman’s gavel from Lee M. Moss, president of Franklin Synergy Bank in Murfreesboro/Franklin, Tenn., who served as TBA chairman for 2017-2018. Moss will remain a member of the Association’s board of directors for the next three years to help ensure continuity of leadership. Moss is the grandson of J.C. Muse, Sr., founder of Muse Hardware in Mountain City, Tenn.
“In recent years, changes in bank regulations have made it increasingly difficult for community banks to serve their customers as they have in the past,” said Farmers State Bank Assistant Vice President, Elizabeth Adams McElyea. “While serving as chairman of the state banking association, John will have the opportunity to support and encourage regulatory relief, especially modifications tailored to help banks serve the needs of their customers in small rural communities such as ours.”
Delegates from TBA-member institutions elect new executive officers and new board members each year during the annual convention, with members receiving one vote per charter.
Executive officers elected for 2018–2019 are:
Chairman – John Muse, chairman, president and CEO, Farmers State Bank, Mountain City; Chairman-elect – R. Molitor Ford, Jr., vice chairman and CEO, Commercial Bank & Trust Co., Memphis, and Vice Chairman – Chris Holmes, president, and CEO, FirstBank, Nashville. In addition to the executive officers, TBA members elected one new director from each of the three grand divisions of the state.
Directors serve three-year terms on the TBA board. New directors are:
East Tennessee – David Reynolds, CEO, president and director, Peoples Bank of the South, LaFollette; Middle Tennessee – Ted H. Williams, president, and CEO, TriStar Bank, Dickson; West Tennessee – Gene Henson, president, Memphis/North Mississippi Region, Trustmark National Bank, Memphis.
The bankers join existing board members to guide the Association for the next year.The Tennessee Bankers Association is a not-for-profit organization representing Tennessee’s commercial banks and thrifts. The Association provides continuing education, develops and monitors state and federal legislative agendas, disseminates information on all facets of the financial services industry, and promotes the public image of financial institutions. Visit us at our website, www.TNBankers.org.