Newsroom

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.