Knoxville, Tenn. – On Thursday, October 1, 2020, Apex Bank began operations in South Knoxville. In August, Apex Bank entered into an agreement with People’s Community Bank to buy the building, along with a location in Rogersville to its rapidly expanding East Tennessee footprint.
Apex Bank, founded in 1931 and headquartered in Tennessee, is consistently ranked as one of the best performing community banks in America. Apex Bank has experienced tremendous growth since unifying its brand in 2015, increasing total assets from $157 million to over $870 million as of August 31, 2020.
“Our success is attributed to our unwavering commitment to customer service,” said Owner, President, and CEO, Matt Daniels. “We continually look for ways to re-invent banking in order to best support our neighbors with their financial needs.”
The Bank’s east Tennessee expansion started in 2017 with the acquisition of American Patriot Bank. Since then, the bank opened an additional five locations in Greene County, along with an office in Bulls Gap and a new location in Rogersville, Hawkins County.
“Our team has worked extremely hard and we’ve grown significantly in east Tennessee in just three years,” said Jerome Julian, East Tennessee Community President. “Being able to expand into Knox County is a great next step in our overall growth plan. Apex Bank has earned people’s choice awards for being involved in the community with a particular focus on supporting schools. We look forward to engaging with the South Knoxville and Seymour communities.”
The South Knoxville office is located at 7570 Mountain Grove Drive and will operate Monday through Thursday 8:00 AM-5:00 PM and Friday 8:00 AM-6:00 PM. The Apex Bank team welcomes former People’s Community Bank customers to visit the team at this location and/or call us at 865 500-4127 for more information about Apex Bank and the bank’s product offerings.
Apex Bank delivers high-quality financial services and actively looks for opportunities to engage with local communities to build strong relationships that promote economic stability and growth. Apex Bank currently operates 17 offices across Tennessee, in addition to its Knoxville-based national mortgage-servicing center, where the bank purchases residential and commercial mortgages throughout the country. For more information of Apex Bank, please visit www.ApexBank.com. Apex Bank is a member of the FDIC.