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First US Bank expands into Chattanooga market

Cambridge Square is a mixed-use community in Ooltewah containing retail, restaurants and other local businesses.
Cambridge Square is a mixed-use community in Ooltewah containing retail, restaurants and other local businesses. Cambridge Square is a mixed-use community in Ooltewah containing retail, restaurants and other local businesses.

By Dave Flessner 3 min read

photo Steven Thompson

A Birmingham, Alabama-based bank that expanded into Knoxville last year with its purchase of a Virginia bank has entered the Chattanooga market with a new office Ooltewah.

First US Bank opened a loan production office this week in Cambridge Square in Ooltewah and hired banking veteran Steven Thompson to lead commercial lending efforts in the Chattanooga market.

“This will be our third loan production office,” said David McCullum, executive vice president and senior commercial banking executive for First US Bank. “Chattanooga is a strong market in our footprint area and we hope to grow our presence over time.”

If successful, McCullum said the bank will add a mortgage loan office and other services, potentially expanding into a full-service commercial bank in Chattanooga. Even with 28 commercial banks now in the metro Chattanooga market, McCullum said there are still opportunities for growth in the market.

Last year, First US Bank acquired Peoples Bank, headquartered in Rose Hill, Virginia. With that purchase, First US Bank acquired bank offices in Knoxville and Powell, Tennessee.