Ackermann Wire » R.B. Summit

Sevier County Bank’s Latest Staff Addition Features Local Flavor

Ryan Willis — Fri, 29 Jan 2010 13:46:22 +0000

Sevierville, Tenn. – Sevierville native, Claude N. Huff Jr. recently joined the Sevier County Bank staff, a bank where members of his family have been stockholders and customers since 1909. A graduate of Sevier County High School, Huff brings more than 33 years of experience in the banking and financial industry to his new position as senior vice president with the bank.

Shortly after receiving a bachelor’s degree in business administration from Tennessee Technology University in Cookeville, Huff spent two years in the mid 1970s with Sevier County Bank in a management training program. He then went on to the Tennessee Department of Financial Institutions where he would spend the majority of his career as a Regional Supervising Examiner for the East Tennessee area.

While with the Tennessee Department of Financial Institutions, Huff earned the designation of Certified Financial Examiner from the Society of Financial Examiners and served on its Board of Governors for a number of years.

“We believe Claude will be a great addition to our staff. He brings an outstanding financial background and familiarity with the community that will prove to be invaluable,” said R. B. Summitt, Sevier County Bank President. “He will only help to enhance the banking services we provide to the people of Sevier County.”

Huff is an active member of Sevierville’s American Legion Post 104 Honor Guard and a trustee of the Shiloh Cemetery Association. He and his wife Linda have two children, C. N. “Bo” Huff, III and Emily Danielle “Dani” Huff.

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For more information about Sevier County Bank, please visit our website at www.SevierCountyBank.com

Media Contact:
Ryan Willis
(865) 584-0550
rwillis@ackermannpr.com

A Perfect Time to Think About a Reverse Mortgage

Ryan Willis — Tue, 22 Sep 2009 13:06:17 +0000

Sevierville, Tenn – Many people are suffering with the current condition of the economy, and this includes the country’s senior citizens. Seniors are struggling to finance living expenses, home improvements and even health care. Sevier County Bank will provide an option to these seniors that they may have not thought about, a Reverse Mortgage.

On Wednesday, September 30 and Wednesday, October 28, from 9:00 a.m. to 4:00 p.m., Sid Parrott, a Reverse Mortgage specialist, will be available to Sevier County Bank customers at the Main Branch to discuss this Reverse Mortgage option. Parrott is a Reverse Mortgage specialist with Mortgage South, a Chattanooga-based mortgage company responsible for closing the first Reverse Mortgage in Tennessee.

“We are always looking for new and different ways to help our customers, especially during these difficult times,” says R. B. Summitt II, Sevier County Bank President. “Reverse Mortgages are a valid option and can really help our senior citizen customers who may want to use their home’s equity to improve or maintain their overall lifestyle.”

A Reverse Mortgage is only available to older homeowners (62+), enabling them to convert the equity in their home to cash so they may finance other immediate expenses. This allows them to maintain or improve their standard of living without taking on a monthly mortgage payment. With a Reverse Mortgage, payments are made by the lender to the borrower, rather than monthly repayments by the borrower to the lender.

Reverse Mortgages are different from a home equity loan or line of credit, which many banks and thrifts offer. They are limited to borrowers 62 years or older who own their home free and clear of debt or nearly so, and the home is free of tax liens. Additionally, seniors are not required to meet income or credit requirements to qualify for a Reverse Mortgage.

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For more information about the Sevier County Bank Reverse Mortgage Program, please visit our website at www.SevierCountyBank.com.

Media Contact:
Ryan Willis
(865) 584-0550
rwillis@ackermannpr.com

Sevier County Bank Completes New Building for Seymour Branch

Ryan Willis — Mon, 03 Aug 2009 13:17:31 +0000

Sevierville, Tenn. – As many businesses and organizations are being forced to downsize or close completely, one local bank is continuing to invest in new and improved facilities to serve it’s customers. On Friday, Sevier County Bank officially opened a new building for its Seymour banking operations and announced plans to open a new branch in Gatlinburg in September.

Jud Wilkerson, Jeff Catlett, and Mary Summitt of Sevier County Bank serve customer Jack Whitted and others during the Open House

“We have experienced a great amount of growth in the Seymour area, and with the opening of this new bank building, we hope to make trips to the bank more convenient for our loyal Seymour customers and their families,” says R. B. Summitt II, Sevier County Bank President. “After 100 years in business, we feel very fortunate to be in a position where we continue to expand, and look forward to serving this community for many years to come.”

This has been an exciting and extremely busy year for Sevier County Bank. In March, the bank celebrated its centennial anniversary with a week-long celebration thanking customers with a variety of events.

The next month, Sevier County Bank, along with Sevier County Schools, announced a partnership in underwriting the establishment of the Sevier County Education Hall of Fame. The Hall of Fame will memorialize teachers, administrators, school employees and school board members who have made outstanding contributions to the education of Sevier County students.

On Friday, July 31, the bank held an open house at the new branch in Seymour, located at 11403 Chapman Highway. Refreshments and cake were available for customers throughout the day, with hot dogs and drinks being served for lunch.

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For more information about Sevier County Bank, visit www.SevierCountyBank.com

Media Contact:
Ryan Willis
(865) 584-0550
rwillis@ackermannpr.com