Levoy Knowles, Chairman of First McMinnville Corporation and First National Bank, is announcing the retirement of the companies’ CEO and Vice Chairman, Tom D. Vance effective July 31, 2013 following board approval of Vance’s request at the July 9, 2013 board meeting.
Vance has experienced some significant health issues in recent years and feels it is time to relinquish his daily duties with the Bank and remain only with First McMinnville Corporation and The First National Bank of McMinnville in a consulting role for the future. He plans to teach, write, and engage in philanthropic works in the future.
Vance began his banking career in 1977 following his graduation with honors from Middle Tennessee State University in December 1976. Vance joined First National Bank in 2006 as president and has served the Bank and Holding Company as Chief Executive Officer and Vice Chairman since 2007.
During Vance’s tenure at First National Bank, the Bank has grown to be the 30th largest community bank out of 176 institutions in Tennessee in asset size surpassing $500 million at December 31, 2012. In addition, FNB significantly increased its market share in Warren County over the past seven years while opening a full-service branch in Rutherford County in 2011. Vance was also been charged with the creation and oversight of FNB Mortgage Company in 2010 and Waterstone Title Company in 2012.
Vance has served the Tennessee Bankers Association as a board member and is a graduate of the Southeastern School of Banking where he has also served as a director. Tom is also an alumnus of both the undergraduate and graduate ABA National Commercial Lending Schools at the University of Oklahoma, and a graduate of the Darden Graduate School at the University of Virginia.
Awards received by Vance during his 36-year career in banking include the 2001 Humanitarian of the Year for Rutherford County, National Heart Walk Medal, Boss of the Year in Warren and Rutherford counties, Outstanding Young Man of Rutherford County, and MTSU’s Distinguished Alumni award for 2010.
Vance has been active as a director for the Boy Scouts of America, Junior Achievement, The American Cancer Society, The American Heart Association, and United Way. He is also a Paul Harris Fellow of Rotary International and a former officer and Board member.
Vance has been an instructor for Junior Achievement, the American Institute of Banking, and is a frequent guest lecturer at Middle Tennessee State University for the Weatherford School of Banking.
Tom has been married to Nancy Vance for 40 years and they have two children, Dr. Ashley Jensen of Murfreesboro, and son Andrew, a first year law student at the University Of Tennessee College Of Law in Knoxville. The Vance’s are members of the Central Church of Christ in McMinnville.
The Board of Directors of First McMinnville Corporation and First National Bank congratulate Mr. Vance on his accomplishments while with FNB and wish him the best during his retirement.
Chairman Knowles also noted the Board’s great confidence in the Bank’s continuing management, including President Pieter van Vuuren, Executive Vice President Brian Wilcox, Executive Vice President Cindy Swann, and Executive Vice President Michael Weeter, among many other well qualified and dedicated officers and employees.
In addition, Chairman Knowles added that Mr. van Vuuren will be assuming all the daily responsibilities vacated by the retirement of Mr. Vance. He also stated that Mr. van Vuuren has the full support and confidence of the Company’s Board of Directors.