Biggest banks in Metro Chattanooga
Deposits in metro Chattanooga banks totaled more than $8.5 billion as of June 30, 2014. The bank deposits were divided among 27 banks, which collectively operate 167 offices in the 6-county area.
Bank Market deposits No. of branches in market
The First Tennessee Bank building is located between Market and Broad Streets in downtown Chattanooga.1. First Tennessee $2.06 billion 21
2. SunTrust $1.59 billion 25
3. Regions $1.15 billion 23
4. CapitalMark $510.9 million 1
5. First Volunteer $416.1 million 11
6. Cornerstone $331.6 million 5
7. Northwest Georgia $307.4 million 9
8. Citizens Tri-County $278 million 9
9. FSG $274.7 million 7
10. Bank of America $227 million 4
Metro Cleveland
Deposits in metro Cleveland banks totaled $1.57 billion as of June 30, 2014. The 16 banks operating in the 2-county Cleveland metro area operate 36 offices.
1. First Tennessee $265.8 million 4
2. Southern Heritage $209 million 3
3. BB&T $203.1 million 4
4. Regions $200.9 million 4
5. Bank of Cleveland $188.8 million 5
Metro Dalton
Deposits in metro Dalton banks totaled $2.42 billion as of June 30, 2014. The 13 banks operating in the 2-county Dalton metro area operate 35 offices.
1. Bank of America $544.4 million 1
2. BB&T $477.1 million 5
3. Wells Fargo $379.8 million 4
4. Regions $170.3 million 4
5. First Bank $167.5 million 4
Source: Federal Deposit Insurance Corp., Deposit Market Share Report, June 30, 2014.
Business and job additions in 2014
The biggest business expansions and locations announced in 2014 in the Chattanooga region were
The United Auto Workers and the American Council of Employees are vying to set up a works council for employees at the facility. 1. Volkswagen of America: $600 million plant expansion for new SUV vehicle at Chattanooga assembly plant -- 2,000 jobs
2. Resolute Forest Products: $105 million expansion of pulp and paper mill in Calhoun, Tenn. -- 50 jobs
3. Beaulieu International Group: New U.S. headquarters and cushion vinyl production plant in Cartersville, Ga. -- 350 jobs
4. Plastic Omnium: $70 million automotive exterior parts facility in Chattanooga -- 300 jobs
5. Coca-Cola Bottling Co. United: $62 million plant to distribute soft drink bottles and cans in the former Olan Mills production site in Chattanooga -- 43 new jobs and preservation of 270 jobs.
6. Audia International: $50 million plastic manufacturing plant at Walker County Business Park north of Lafayette, Ga. -- 200 jobs
7. Surya: $30 million corporate office and distribution facility for rug maker in Cartersville, Ga. -- 200 jobs
8. Shaw Industries: Expansions, including a $40 million hardwood flooring facility expansion and a $17 million recycled plant: 94 jobs
9. Nissin Brake Georgia Inc.: $33 million expansion of manufactured facility for auto and golf cart parts in Lafayette, Ga. -- 30 jobs
10. WNA Chattanooga: $11 million plant to make thermo-modeled plastic cups, plates and bowls -- 40 jobs
Sources: Tennessee Department of Economic and Community Developmennt; Georgia Department of Economic Development; Chattanooga Area Chamber of Commerce.
Biggest building starts in 2014
The biggest new construction projects permitted by the city of Chattanooga in 2014 were:
1. Students apartments at 930 Douglas Street downtown, $31 million by CW Construction & Development
2. New Coca-Cola Bottling Co., of Chattanooga distribution facility at 6060 Shallowford Road, $30.4 million by Brasfield & Gorrie Construction Co.
3. Hamilton County elementary school at 7553 Igou Gap Road, $23.1 million by Tricon Inc.
4. Cameron Harbor Land Group on Molly Avenue and Canal Streets off Riverfront Parkway, $16 million by Southland Constructors Inc.
5. Holiday Inn & Suites at 434 Chestnut Street, $12.2 million by EMJ Corp.
6. Citico wastewater facility and tanks for Tennessee American Water Co. at 101 Wiehl Street, $12 million by Bowen Engineering Corporation
7. McCallie School science building at 500 Dodds Avenue, $8.8 million by Rains Brothers Inc.
8. Baylor School dining hall and student center at 171 Baylor School Road, $6 million by Morgan Construction Co.
9. Morning Pointe of Chattanooga phase II at 7715 Shallowford Road, $5 million by East Tennessee Specialty Builders Inc.
10. Northgate Mall renovation of retail space in Hixson, $3.8 million by EMJ Corp.
Source: Chattanooga building permits issued by the city Department of Public Works. Values reflect only permitted work by listed contractor, not land and other development costs for each project.