Chattanooga’s biggest locally owned bank took on a new identity Monday to reflect its growth into Georgia.
First Volunteer Bank, which acquired First Bank of Dalton last year, changed its name Monday to Builtwell Bank as it moves beyond the Volunteer State into Northwest Georgia.
“The Builtwell name demonstrates our continued commitment to being the well-built bank for which we are known, serving as the local economic engine for Tennessee and Georgia for another 118 years,” Patti Steele, the president and CEO of Builtwell Bank, said in an announcement of the new name on Monday.
The new name is being put up on the 24 former First Volunteer Banks offices operating across East and Middle Tennessee and Northwest Georgia. Builtwell operates branches in 11 counties and reported assets of more than $1.4 billion as of March 31, according to Federal Deposit Insurance Corp. reports.
The new name will be put on branches of the First Bank of Dalton later this year after Builtwell completes its merger and acquisition of FBD Holding Company Inc., the holding company for First Bank, which operates six banking locations in Whitfield and Gordon counties and has assets of more than $600 million.
