Location: Parsons, Tennessee

First State, headquartered in Union City, TN, has acquired a production team from Community South Bank’s Small Business Lending Division. This acquisition allows First State to diversify their product line by establishing a new division within the company, First State Small Business Lending. This division will be focused on providing government guaranteed lending to small businesses predominately in Tennessee, Arkansas, and Georgia, utilizing the SBA 7(A) & 504 program and the USDA B&I program. Founded in 1887, First State is ranked as the fourth oldest Tennessee Chartered Bank. They are a diversified financial services company with 60+ offices throughout Tennessee. In addition to small business lending, banking, mortgage and specialized consumer lending services, First State offers insurance, investments, specialized ag lending, employee benefits and indirect auto lending services to their customers throughout Tennessee.