United Tennessee Bancshares, Inc. (UNTN)

Overview

United Tennessee Bankshares, Inc. is a financial holding company that operates primarily through its subsidiary, Newport Federal Bank, to provide a comprehensive range of financial services to both individual and corporate clients. With a rich history dating back to 1934, the company is headquartered in Newport, Tennessee, and has expanded its presence through three full-service banking offices within the same area. United Tennessee Bankshares, Inc. has carved a niche for itself in the banking sector by offering personalized banking and financial solutions tailored to meet the diverse needs of its clientele.

Products and Services

• Deposit Accounts:

  The company offers a wide array of deposit accounts including interest-bearing checking accounts, savings accounts, NOW accounts, passbook savings, money market accounts, and individual retirement accounts (IRAs). Additionally, it provides certificates of deposit for customers looking for a fixed-term investment option. These products are designed to cater to the varying needs of customers, ensuring there is a suitable option for saving or managing daily financial operations regardless of the customer's financial goal.

• Loan Services:

  United Tennessee Bankshares, Inc. provides an extensive range of loan products, which include one-to-four family first mortgage loans, consumer loans, car loans, secured and unsecured personal loans, home improvement loans, new construction loans, debt consolidation loans, and commercial real estate loans. Also available are lines of credit, remodeling loans, loans of deposits, and land refinancing options. These services are tailored to help individuals and businesses finance their needs, whether it's purchasing a home, a car, or expanding business operations.

• Investment Services:

  The company's investment securities portfolio offers a diversified selection, including U.S. government corporations and agency securities, municipal bonds of governmental entities, corporate debt, and mortgage-backed securities, in addition to obligations of states and political subdivisions. This array of investment options is aimed at customers looking to diversify their investment portfolios or seeking various investment opportunities.

• Internet Banking Services:

  Recognizing the importance of digital banking in today's fast-paced world, United Tennessee Bankshares, Inc. provides comprehensive internet banking services. These services enable customers to manage their accounts, make transactions, and access banking services online, providing convenience and flexibility for managing their financial affairs efficiently from anywhere at any time.