News and Updates
As one of Tennessee’s top community banks, we actively participate in our communities. Listed here are the important updates from local F&M Bank branches across Middle Tennessee. Follow our news stories as we share local news stories, F&M Bank updates and announcements. You may even find some financial tips along the way.
Volunteer Bank and F&M Bank to Align Under Lawrence Bank Charter, Retaining Local Brands
Nashville, TENN. – November 10, 2025 – Volunteer Bank and F&M Bank announced today 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.
“This reorganization unites two well-respected community banks with a combined 167 years of service, while preserving the brands and relationships our customers know and trust,” said Tony Gregory, chairman, president, and chief executive officer of Volunteer Bank. “Aligning under one charter expands our reach across Middle Tennessee while staying true to what matters most—local decision-making, exceptional service, and a deep commitment to the communities we proudly serve and call home.”
With combined deposits across the Nashville and Clarksville markets, Lawrence Bank will rank among the top 10 banks in Middle Tennessee by market share. Once banking systems are fully integrated in mid to late 2026, Volunteer Bank and F&M Bank branches will continue to operate under their respective brands, with customers gaining access to an expanded network of branches across Middle Tennessee.
“This reorganization is more than a change in structure—it’s a step forward in scale, strength, and service,” added DeWayne Olive, current chairman and chief executive officer of F&M Bank. “Together, under the combined Lawrence Bank charter, Volunteer Bank and F&M are positioned to deliver even greater value to Middle Tennessee, while maintaining the personal, meaningful, and enduring qualities of true community banking—anchored by local ownership and decision making, and a shared commitment to the values that define our region.”
About Volunteer Bank
Volunteer Bank is a privately owned, Tennessee-based community bank with over $1.5 billion in assets. Founded in 1977, Volunteer Bank operates 17 full-service branches throughout Middle Tennessee in Davidson, Robertson, Rutherford, Sumner, Williamson and Wilson counties. Volunteer Bank offers a full suite of financial solutions designed to empower individuals and businesses at every stage of their financial journey. For more information on products, locations, and hours of operation, please visit Volunteer.Bank.
About F&M Bank
Founded in 1906, F&M Bank is a $1.5 billion community bank headquartered in Clarksville, Tennessee. For more than 119 years, we have remained committed to one guiding principle – providing superior, personalized customer service. F&M Bank offers modern financial solutions with seventeen full-service offices across Middle Tennessee – including locations in Montgomery, Robertson, Dickson, Stewart, Sumner, and Wilson counties – F&M Bank proudly supports our customers and neighbors with approachable, experienced bankers who care about your success.
Media Contacts:
Angie DeGuira, EVP, Chief Marketing Officer
Volunteer Bank
Angie.DeGuira@Volunteer.Bank
Lindsey Hammons, VP, Marketing, Engagement and Communications
Volunteer Bank
Lindsey.Hammons@Volunteer.Bank
F&M Bank's Future is Secure in Wilson County
F&M Bank, a Tennessee-headquartered, community bank focused on personalized customer service has been operating in the Middle Tennessee area since 1906. Over the last year, F&M has undergone a reorganization of its branch offices. During this process, the decision has been made to consolidate their Wilson County footprint into their Mt. Juliet location with the closure of their Lebanon office effective at 12 p.m. on October 31st, 2025.
DeWayne Olive, CEO and Board Chairman, commented that “F&M Bank’s mission has always been to serve our communities with excellence and integrity. As Wilson County continues to grow, we are adapting to better serve our customers, invest in our team, and strengthen our presence for years to come. We’re proud of our past in Wilson County – and we are equally excited about our future here.”
F&M Bank first entered the Wilson County market 28 years ago. In the proceeding 3 decades, the community has only become more dynamic and economically significant. F&M Bank sees this office consolidation as an important step in its journey to serve this community.
New Clarksville Branch - Hwy 48
We are excited to announce the opening of our newest F&M Bank branch in Clarksville! Located at 1206 Hwy 48, our new location is staffed and ready to bring you convenient access to our financial tools and personalized customer service. We are here to help you grow and thrive.
At F&M Bank, we understand the power of reinvesting in the communities we serve, and we are committed to being a trusted partner on your financial journey. Whether you're looking for a checking, savings, mobile banking, or lending solutions, our experienced banking team is here to help you every step of the way.
To celebrate the opening of our new branch, we would like to invite you to our Grand Opening Week, happening July 14–18. Throughout the week, we’ll have refreshments, $10,000 in giveaways, and opportunities to meet our team and learn more about how we can support your banking goals. It's a great chance to discover how F&M Bank can work for you.
Please click here for full giveaway rules and details.
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December 2, 2024
F&M Bank Welcomes Schueler as Executive Vice President, Chief Financial Officer
CLARKSVILLE, Tenn. – F&M Bank has recently added Timothy Schueler to their executive team. Schueler, an experienced CPA, will serve as F&M’s new Executive Vice President, Chief Financial Officer, following DeWayne Olive’s transition to Chief Executive Officer.
“As we welcome Timothy Schueler to F&M Bank as our new Executive Vice President and Chief Financial Officer, we are thrilled to gain a leader with such extensive experience in banking and accounting,” said DeWayne Olive, CEO of F&M Bank. “Tim’s proven expertise in financial management and his deep understanding of community banking will undoubtedly strengthen our organization. He will be a strong complement to our already experienced accounting group, and we are confident that his leadership will support our continued growth and success.”
A licensed CPA and graduate of Louisiana State University’s School of Banking, Schueler, brings over 30 years of accounting experience to F&M Bank. He has spent much of his career at community financial institutions and has proven himself to be a dependable and creative leader.
Some of Schueler’s notable achievements over his lengthy career have been the implementation and management of Sageworks, an ALLL model and the development of a FinTech deposit program for his previous institution. F&M is excited to welcome Schueler and looks forward to leveraging his experience to even better serve its communities.
Schueler is located at the Downtown Clarksville headquarters and can be reached by email at tim.schueler@myfmbank.com or by phone at 931-553-2914.
November 13, 2024
WILSON BANK & TRUST TO ACQUIRE ADDITIONAL OFFICE IN COOKEVILLE FROM F&M BANK
Wilson Bank & Trust (“WBT”) announced today that it has entered into a purchase and assumption agreement to acquire an office from F&M Bank located at 900 North Washington Avenue in Cookeville, Tenn. Under the terms of the agreement, WBT will acquire the physical location and related fixed assets, substantially all of the customer deposit accounts affiliated with the office, currently estimated at approximately $35 million, and most of the loan accounts associated with the office.
Upon completion of the proposed transaction, WBT will operate 31 offices across 10 Tennessee counties, including two offices in Cookeville, and will hold more than $4.5 billion in deposits. This acquisition will also enable WBT to strengthen community ties and enhance its service capabilities in Cookeville and Putnam County.
John McDearman, CEO of WBT, commented, “We are excited about this opportunity to expand our footprint in Cookeville and provide even greater accessibility to our customers across Putnam County. This transaction allows us to deepen our commitment to a dynamic, growing market, complementing our existing office on Jefferson Avenue. We look forward to welcoming new customers and employees to the WBT family and to delivering our personalized approach to banking. With this new location, we are well-positioned to meet the needs of Cookeville’s community.”
"As part of F&M Bank’s strategic plan to sharpen our focus on core markets and strengthen our position, we have made the decision to sell our Cookeville branch. This transaction is a significant step in aligning our resources and investments where they can best support our long-term growth and serve our customers more effectively. We remain committed to delivering exceptional service and value to the communities that form the heart of our institution," said C. DeWayne Olive, CEO of F&M Bank.
The proposed transaction, which is subject to customary closing conditions, including approval by applicable regulatory authorities, is currently anticipated to close in the first half of 2025.
Olsen Palmer LLC served as WBT’s financial advisor for the transaction, while Bass, Berry & Sims PLC provided legal counsel. Piper Sandler & Co. served as F&M Financial Corporation’s exclusive financial advisor for the transaction, while Nelson Mullins Riley & Scarborough LLP provided legal counsel.
About Wilson Bank & Trust
Founded in 1987, Wilson Bank & Trust (WBT) is a full-service, independent community bank headquartered in Lebanon, Tenn, and a subsidiary of Wilson Bank Holding Company. With $5 billion in assets and more than 600 employees across 30 offices, WBT remains dedicated to providing customized, local banking solutions for businesses and individuals. WBT offers a complete range of commercial and consumer banking products and services, including treasury management, electronic banking, and investments while staying true to its commitment to community and equal access to credit. Learn more at www.wilsonbank.com.
About F&M Bank
F&M Bank, chartered in 1906 and headquartered in Clarksville, Tennessee, is a proud subsidiary of F&M Financial Corporation. The bank operates 19 full-service branches serving the communities of Middle Tennessee and South Central Kentucky, providing a comprehensive range of financial solutions. With assets totaling $1.7 billion, F&M Bank demonstrates its longstanding financial strength and commitment to growth. As a privately owned institution, it remains focused on delivering personalized, community-oriented banking services. For more information, please visit www.myfmbank.com.
Forward-Looking Statements
This release contains certain forward-looking statements within the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") regarding, among other things, the anticipated acquisition by Wilson Bank & Trust of a branch office located in Cookeville, Tennessee operated by F&M Bank. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Wilson Bank Holding Company undertakes no obligation to publicly release any modifications or revisions to these forward-looking statements to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Wilson Bank Holding Company cautions investors that such forward-looking statements involve known and unknown risks and uncertainties, and these risks and uncertainties may cause the actual results or performance of Wilson Bank Holding Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. These risk include the ability of WBT to secure any regulatory approvals required to consummate the proposed acquisition of the Cookeville, Tennessee branch being acquired by WBT; the ability of WBT to retain key employees of the branch being acquired; WBT’s ability to successfully integrate the acquired branch that it has agreed to acquire; and the performance of the loan portfolio to be acquired by WBT in the branch acquisition.
Contact Information:
Wilson Bank & Trust
John McDearman
Chief Executive Officer
(615) 443-6675
jmcdearman@wilsonbank.com
F&M Bank
DeWayne Olive
Chief Executive Officer
(931) 553-4660
dewayne.olive@myfmbank.com
October 29, 2024
F&M BANK HONORED WITH ABA FOUNDATION COMMUNITY COMMITMENT AWARD
F&M Bank was nationally recognized by the American Bankers Association Foundation for its Operation Honor with a 2024 ABA Foundation Community Commitment Award. The award was given to F&M Bank for its efforts in the supporting military families category and was presented during ABA’s Annual Convention on Oct. 29 in New York City.
F&M Bank spearheads Operation: Honor, alongside several local and national non-profit organizations. The endeavor distributes resources to combat the food insecurity that is affecting nearly one-third of military families. Additionally, opportunities are provided to active-duty military, veterans, and their family members through financial education and personalized banking services. Through this ambitious program, F&M is committed to identifying and meeting the ever-changing needs of those who strengthen our country and community.
Entries were submitted in seven categories: affordable housing, community and economic development, financial education, economic inclusion, protecting older Americans, supporting military families and volunteerism. Award winners were chosen by a field of nationally-recognized experts in each field.
The selection committee chose the winning banks based on the creativity and thoughtfulness of programs — traditional or innovative in nature and structure — that embody the ideals of corporate social responsibility and demonstrate success in making an impact.
“F&M Bank’s Operation Honor demonstrated the extraordinary impact that banks can make in the communities they serve,” said Lindsay Torrico, executive director, ABA Foundation. “We’re proud to recognize them as one of the 2024 Community Commitment Award winners and hope their efforts will inspire others throughout the industry.”
“We are honored to be recognized by the ABA Foundation with this award. F&M Bank is committed to serving and investing in our community not only financially, but civically as well and military families are an important facet of that mission.”, says CEO, DeWayne Olive.
To learn more about the ABA Foundation Community Commitment Awards, visit aba.com/awards.
October 31, 2023
Franklin and Midtown Brand Stories in Livability Magazines
May 3, 2023
F&M Bank, Tennessee Bankers Association make history with state’s first-ever banking program at Austin Peay
CLARKSVILLE, Tenn. – F&M Bank and the Tennessee Bankers Association have announced the “Banking on Govs” program, a new partnership with Austin Peay State University. The program is the first of its kind in Tennessee and will offer business students unique training, networking and mentorship opportunities within the banking industry.
“The ‘Banking on Govs’ program reflects our commitment to the student experience," said Dr. Michael Licari, Austin Peay president. "By partnering with our community, we provide Austin Peay students with practical learning opportunities, so that they can apply what they learn in class while gaining professional experiences.”
Qualified students from the College of Business will have the opportunity to attend the Tennessee Bankers Association Southeastern School of Banking with all expenses paid while connecting with banking professionals throughout their enrollment.
“It is our privilege to partner with the Austin Peay State University Foundation and the Tennessee Bankers Association to gift qualified APSU College of Business students with an experiential learning opportunity,” said Sammy Stuard, president of F&M Bank. “We are proud to be part of this inaugural program – the first in Tennessee state history. It is extremely gratifying to help students along their educational and professional roads to success.”
Selected students will participate in the program over two consecutive summers, taking a hands-on approach to learning the skills and insights necessary to succeed in the banking industry.
"Equipping aspiring banking professionals with the necessary blend of theoretical and practical skills is essential for a successful career in the industry,” said Ronnie Boling, director at TBA’s Southeastern School of Banking. “At The Southeastern School of Banking, students will gain a comprehensive understanding of the banking sector and have the chance to apply that knowledge in real-world settings. As a result, graduates will have a competitive edge in starting their careers. We are excited to collaborate with F&M Bank and Austin Peay State University in delivering this program, and we can't wait to see the positive impact it will have on the future leaders of the banking industry."
Erin Morton, director of development for Austin Peay’s College of Business, said she also looks forward to seeing students grow through their participation in the program.
“It has been an honor and a privilege working with F&M Bank and the Tennessee Bankers Association,” she said. “We are excited to help bring this program to fruition, offering a unique learning opportunity for our students.”
Students interested in participating in the “Banking on Govs” program should contact Dr. Dong Nyonna, chair of the department of accounting, finance and economics, at nyonnad@apsu.edu.