Since then, Ayers said his recruit has proven himself time and again, particularly now since Holmes has experience managing a publicly traded company.“It’s probably the only thing that I have more experience than him with,” said Holmes, who was CEO of National Commerce Financial Corp. in Memphis and chief retail banking officer for the South Financial Group in Greenville, S.C. “For a while, working with him on [the IPO] became the majority part of my schedule.”Holmes said after spending hours talking through the new rules, it was clear that Ayers would be able to adapt.“It might take me some time, but I can learn the rules,” Ayers said.Following the bank’s public offering, Ayers controls about 70 percent of FirstBank. Please consult the sales restrictions relating to the products or services in question for further information.
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4. In 1984, Jim Ayers and his business partner saw that the power of community banking was growing. The actual value of such shares of stock was $100 per share on the 1st day of March, 1890. In order to come to a decision in favor of the plaintiff in error it would be necessary for this court to take what counsel for plaintiff calls 'judicial notice' of what is claimed to be a fact, viz. Staying local, our reputation got around. Stockholders in banks and banking associations and loan and investment companies, organized under the laws of this state or the United States, shall be assessed and taxed on the true value of their shares of stock in the city or township where such banks, banking associations, loan or investment companies are located; and the president, cashier or other managing officers thereof shall, under oath, return to the assessor on demand a list of the names of the stockholders and amount and value of stock held by each, together with the value of any undivided profit or surplus; and said banks, banking associations, loan or investment companies shall pay the tax assessed upon said stock and undivided profits or surplus, and shall have a lien thereon until the same is satisfied: provided, that if from any causes the taxes levied upon the stock of any banking association, loan or investment company shall not be paid by said corporation, the property of the individual stockholders shall be held liable therefor: provided further, that if any portion of the capital stock of any bank or banking association or loan or investment company shall be invested in real estate, and said corporation shall hold a title in fee simple thereto, the assessed value of said real estate shall be deducted from the original assessment of the paid-up capital stock of said corporation, and said real estate shall be assessed as other lands or lots: and provided further, that banking stock or loan and investment company stock or capital shall not be assessed at any higher rate than other property: and provided further, that the provisions of this act shall apply to all mutual, fire and insurance companies or associations having assets, accumulations, money or credits, and doing business under the laws of this state: and provided further, that such assets, money, and credits, held and under the control of such mutual fire and life insurance companies or associations, shall be subject to assessment and taxation.' That section 6868 of the General Statutes of 1889 be amended as follows: Sec. The foundation has won recognition for its highly-respected program for high school graduates providing more than 4,200 educational scholarships since 1999.Jim and Janet Ayers have also established and funded the Ayers Institute at the Vanderbilt-Ingram Cancer Center. Longtime Nashville businessman Jim Ayers wants to take his bank public.. For 32 years, Ayers has been the chairman and sole shareholder of FirstBank and its … In 2001, we expanded our brand of authentic local banking into the state’s most iconic cities, from Nashville to Memphis. In 1999, he established The Ayers Foundation which is run by his wife, Janet Ayers. He’s now responsible for other shareholders’ money.It was Ayers’ fellow FirstBank board member and longtime friend Gordon Inman who helped the bank’s management team convince Ayers that going public was the right decision, when the bank chief questioned whether the process was worth it.“I just kept saying, ‘Jim, this is the right thing for you to do, for your family and for your loyal employees,’” Inman said.
But now, at the age of 72, Ayers was faced with the one decision no business owner wants to make: What happens to his company when he can no longer steer the ship?“If I had my preference, I’d never retire and keep doing exactly what I’m doing until I’m 90 or 100 years old,” Ayers said from FirstBank’s downtown Nashville offices.But as FirstBank’s sole shareholder, Ayers had to make a contingency plan for when he could no longer run the bank. To us, this is personal.
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First Bank’s stress-free student checking account is suited for the hectic lifestyle of a college student. My value is on the strategic side.”Ayers said he hired Holmes in 2010 as the bank’s director of operations to see if the fellow University of Memphis alumnus could cut it as the bank’s CEO. Drive Thru Hours Monday - … They have worked tirelessly to help numerous causes, particularly to improve the lives of young people in Tennessee by giving them access to life-changing learning opportunities.”FirstBank is the third largest Tennessee-headquartered bank with headquarters in Nashville, Tennessee and 73 full service branch locations. If you want to stay on our site, click STAY ON FIRSTBANKONLINE.COM. They’d be lining up at the door,” he said.“But the idea of selling this bank and half the employees losing their jobs, I couldn’t do it, and I didn’t have to do it.
“Not a wealthy man, a smart man or a powerful man. … I am not going to preside over a huge layoff.”It was not the first time he made a move he thought was best for his employees. That site has a privacy policy and security practices that are different from that of FirstBank.
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