Bank of Waynesboro News

July 3, 2020

Second COVID-19 closing

With the recent spike in COVID-19 cases in our area, we have decided to take measures to ensure the safety of our customers AND staff.

Effective Monday, July 6, 2020:

  • Our North Military and Barlow branches will be temporarily closed.
  • The drive-throughs at the Main Office, Collinwood and Locust branches will be open.
  • Main Office, Collinwood and Locust branch lobbies will be by-appointment only.
    • Call to make an appointment:
    • Main- 931-722-2265
    • Collinwood- 931-724-2265
    • Locust- 931-766-6633

We appreciate your understanding and cooperation in the matter.

Our Mobile & Online Banking are always open for your convenience! We encourage you to continue to practice social distancing, wear your mask, and use good hygiene.

Stay Safe & Well!


July 1, 2020

CapStar Bank Completes Mergers with The First National Bank of Manchester and The Bank of Waynesboro

Two high performing institutions merge into growing Tennessee franchise

NASHVILLE, Tenn., July 01, 2020 (GLOBE NEWSWIRE) -- CapStar Financial Holdings, Inc. (“CapStar”, the “Company”) (NASDAQ: CSTR), the parent company of CapStar Bank, announced today that it completed its acquisition of FCB Corporation (“FCB”), including FCB’s two banking subsidiaries: The First National Bank of Manchester (“FNBM”) and The Bank of Waynesboro (“BOW”). FCB adds nine (9) branches in Cannon, Coffee, Lawrence, Rutherford and Wayne counties in Middle Tennessee, and approximately $480 million in assets as of March 31, 2020, to CapStar.

“We are pleased to welcome the employees, customers and shareholders of FCB, The Bank of Waynesboro and The First National Bank of Manchester as we expand CapStar’s community banking mission and deepen our geographic footprint in Middle Tennessee,” said Timothy K. Schools, CapStar President and CEO. “The partnership follows our successful 2018 merger with Athens Federal in East Tennessee, and establishes our presence in several exciting new markets, including fast-growing Rutherford County (Murfreesboro).”

The mergers join three dynamic Tennessee financial institutions with common visions, compatible cultures and proven credit risk management practices. With more than 200 combined years of history, FNBM and BOW are established and highly profitable community banks with sound deposit market share, excess liquidity and capital to support growth. The combination will result in a strong financial institution with an expanded product set, attractive funding profile, and enhanced scale to drive efficiency, diversify risk and increase shareholder value.

Keefe, Bruyette & Woods, Inc. served as financial advisor and Wachtell, Lipton, Rosen, & Katz served as legal advisor to CapStar. ProBank Austin served as financial advisor and Butler Snow LLP served as legal advisor to FCB.

CapStar Financial Holdings, Inc. is a bank holding company headquartered in Nashville, Tennessee and operates primarily through its wholly owned subsidiary, CapStar Bank, a Tennessee-chartered state bank. CapStar Bank is a commercial bank that seeks to establish and maintain comprehensive relationships with its clients by delivering customized and creative banking solutions and superior client service. As of March 31, 2020, on a consolidated basis, CapStar had total assets of $2.07 billion, gross loans of $1.45 billion, total deposits of $1.76 billion, and shareholders’ equity of $275.8 million. Visit for more information.

All statements, other than statements of historical fact, included in this document are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. Forward-looking statements generally can be identified by various words such as “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” and similar expressions. Forward-looking statements are subject to risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results. Such risks, uncertainties and assumptions, include, among others, the timing and occurrence or non-occurrence of events that may be subject to circumstances beyond our control; general economic conditions and trends, either nationally or locally; conditions in the securities markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or  composition of our loan or investment portfolios; changes in competitive pressures among financial institutions or from non‐financial institutions; the amount of costs, fees, expenses, and charges related to the Company’s completed acquisitions and our ability to realize anticipated revenue synergies and cost savings associated therewith within expected time frames, if at all; changes in management’s plans for the future; changes in legislation, regulations, and policies; other competitive, economic, political, and market factors affecting the Company’s business, operations, pricing, products, and services; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. These forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management. Any forward-looking statement made in this document speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. The Company cautions that these statements are subject to risks and uncertainties, many of which are outside of the Company’s control and could cause future events or results to be materially different from those stated or implied in this document, or to not occur at all, including among others, risk factors that are described in this document and in the Company’s Annual Report on Form 10-K, Quarterly Report on Form 10-Q, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein, and other filings with the U.S. Securities and Exchange Commission.

For more information, contact:
Tim Schools
President and Chief Executive Officer
(615) 732-7449

Press release link


June 1, 2020

Our Lobbies Are Open

We are happy to announce that our lobbies have now re-opened. For the safety of our customers and employees, we are currently limiting the number of customers we allow in the lobby at one time. If we have reached that limit, we will ask you stay outside or in your car. We will notify you when it is safe to enter the building. Here are the temporary lobby limits by branch:

  • Waynesboro- Main Office: 8 customers at one time
  • Waynesboro- Barlow Location: 6 customers at one time
  • Collinwood: 8 customers at one time
  • Lawrenceburg- North Locust: 10 customers at one time
  • Lawrenceburg- North Military: 10 customers at one time

If you are in our lobby, have a Teller Transaction and are wearing a face mask, you will be asked to temporarily lower your mask for ID purposed BEFORE your transaction with a teller. As always, our Online & Mobile Banking as well as ATMS are available 24 /7. We encourage our customers to continue to practice social distancing, hand washing, etc.

We hope that you have stayed safe & well! We look forward to seeing our customers!!


March 31, 2020

Economic Injury Disaster Loans and Loan Advance

Attention Bank of Waynesboro Business Customers, you may be eligible for disaster loans stemming from the Coronavirus. Click on the following link and then click the “Apply Here” link under “Economic Injury Disaster Loans and Loan Advance” the first option. This will take you to the actual application.

Lawrence and Wayne Counties have been declared COVID-19 disaster areas. You can find more information on this at the SBA website at


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March 17, 2020

A Message to Our Customers concerning COVID-19

Responding to the Spread of the Coronavirus (COVID-19)
At The Bank of Waynesboro, the health and well-being of our customers, employees and communities is our top priority. We understand the uncertainty that you may be experiencing concerning the coronavirus (COVID-19) and are committed to not only actively monitoring, but also to being responsive to the needs of our customers and employees as the situation evolves.

Effective immediately, March 19 our lobby areas will be available by Appointment Only, call your local branch to make an appointment. The Drive-Thru will remain open.

Managing Your Finances Remotely
If you or someone you have been in contact with is suspected of having the coronavirus (COVID-19) or you are particularly susceptible, we strongly encourage you to use your debit card and The Bank of Waynesboro’s digital tools and other resources for self-service banking and 24/7 account access.

Online and Mobile Banking
Access and manage your accounts safely and securely anytime, anywhere

  • Transfer Funds
  • Check Balances and View Transactions
  • Receive eStatements to Avoid Potential Delays in Mailed Statements
  • Deposit Checks using Mobile Remote Deposit (fees waived during this period)
  • Pay Bills
  • Send Person-to-Person Payments
  • Manage your Debit Card

ATM Access
Make withdrawals using your debit card 24/7

Contact Us
Call Telephone Banking 877-722-2216, or by email

Waynesboro- Main 931-722-2265

Waynesboro- Highway 99 931-722-5454

Collinwood 931-724-2265

Lawrenceburg- Locust 931-766-6633

Lawrenceburg- Military 931-244-8465

Not Enrolled?
If you haven’t enrolled in online access, it only takes a few minutes: Enroll Now

What Are We Doing?
The lobby of our branches will be available by appointment only effective immediately. Our Drive Thru will remain open. We’ve implemented the following practices to ensure a safe and healthy environment for our customers and employees:

  • Increased focus on sanitizing public surfaces and high-touch areas
  • Increased the number of hand sanitizing stations in our branches and offices
  • Asking team members who are sick to stay home until they are well
  • Limiting non-essential business travel for our employees
  • Conducting group meetings by phone or other digital means
  • Keeping team members updated on CDC guidelines, including heightened focus on hygiene, thorough hand washing and social distancing

We also understand there may be instances in which customers find themselves facing financial challenges as a result of the quickly evolving situation. The Bank of Waynesboro is here to help and we encourage customers who may be impacted to reach out and discuss how we may be of assistance.

We realize the uncertainty of COVID-19 is concerning, and we will continue to monitor the impact of the situation in our communities. We will provide further updates as they become available on and our Facebook page.

For additional information about COVID-19, visit the Centers for Disease Control and Prevention at


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March 2020

Jasper Brewer

We would like to extend our deepest sympathy to the family of Jasper Brewer. Mr Brewer was Vice President of The Bank of Waynesboro and more recently served on our Board of Directors.

Visitation will be at Shackelford Funeral Home in Collinwood on Thursday, March 5 from 6-8p and Friday, March 6 from 11a-1p. The service will be following visitation on Friday. Family asks that in lieu of flowers that memorial donations be made to the First United Methodist Church in Collinwood.

Click here for a complete obituary.


March 2019

5-Star The Bank of Waynesboro: Where You’re a Person, Not a Number

March 2019: Coral Gables, Florida, BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, salutes 5-Star The Bank of Waynesboro, Waynesboro, Tennessee for its continued financial excellence. Not only has The Bank of Waynesboro earned Bauer’s highest (5-Star) rating for financial strength and stability, it has maintained that top rating for 13 consecutive quarters. Earning a 5-Star rating indicates this bank excels in areas of capital adequacy, profitability, asset quality and much more.

“What I find particularly encouraging,'' observes Karen Dorway, president of BauerFinancial, “is that it’s community banks, like The Bank of Waynesboro, that are achieving this status. Community banks base decisions on relationships, not just on numbers. We seem to be coming to a point where human interaction is regaining importance. Technology is an invaluable tool, but only when it enhances the customer experience. The Bank of Waynesboro has never lost sight of that.”

The Bank of Waynesboro was established in 1904, and has been building personal relationships ever since. Today, 115 years later, The Bank of Waynesboro operates through five conveniently located offices in Waynesboro, Collinwood (Bank of Collinwood), and Lawrenceburg (Community Bank of Lawrence County) and can also be found online at

The Bank of Waynesboro: “Your 5-Star Community Bank”

Member of the FDIC and an Equal Housing Lender.

BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at


BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.

June 2018

Beckman Joins Community Bank as Loan Officer

LAWRENCEBURG- The Bank of Waynesboro is pleased to announce that Chris Beckman has joined one of our Lawrenceburg offices- Community Bank of Lawrence County- as a Loan Officer/Lender. Chris is at the North Locust location.

For the last six years, Chris worked at Southern Craft Manufacturing in Loretto as Controller. He is a small business owner, and had worked at CitiFinancial as a Senior Branch Account Executive. Chris’ work experience helps him understand the needs of individuals, families and businesses. He is eager to assist the citizens of Lawrence County with their financial needs.

In his spare time, Chris enjoys spending time with his wife Cierra, and their three children. He is a firm believer in community as he serves on the Lawrence County Chamber of Commerce Board of Directors, is Secretary of the Loretto Lions Club, and President of the South Lawrence Economic Development Association. He is active in Faith Church in Florence as well.

Stop by and see Chris and the rest of the staff at 2102 North Locust Avenue in Lawrenceburg, or one of our other conveniently located offices.

The Bank of Waynesboro was founded in 1904 in Wayne County, Tennessee. They have two offices in Waynesboro, one office in Collinwood- The Bank of Collinwood, and two offices in Lawrence County- Community Bank of Lawrence County. Member FDIC. Equal Housing Lender.


Chris Beckman: Loan Officer/Lender

March 2018

5-Star Bank of Waynesboro

Meeting Today’s Needs; Anticipating Tomorrow’s

March 2018: BauerFinancial, Coral Gables, Florida, the Nation’s Premier Bank Rating Firm, is proud to announce that Bank of Waynesboro, Waynesboro, Tennessee has once again secured its highest, 5-Star rating. (A five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more.) In fact, Bank of Waynesboro has earned and maintained this top 5-Star rating for 9 consecutive quarters.

“A lot of things have changed since the Great Recession,” reflects Karen L. Dorway, president of BauerFinancial. “Technology, in particular, has changed the way many people bank, but it will never replace a bank’s knowledge of its customers. Community banks, like Bank of Waynesboro, have the upper hand on that. Through personal interaction, they can meet their customers’ needs today while anticipating them for tomorrow.”

Bank of Waynesboro was established in 1904 and has been growing alongside its customers for 114 years. Today it operates through five conveniently located offices in Collinwood, Lawrenceburg and Waynesboro and can also be found online at

Bank of Waynesboro: “Your 5-Star Community Bank”

Member of the FDIC and an Equal Housing Lender.

BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at


BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.

5-Star Bank of Waynesboro


Meeting Today’s Needs; Anticipating Tomorrow’s

February 2018

A landmark downtown Lawrenceburg bank building that had served the community for over 60 years has been revived by the Bank of Waynesboro.

Marking the bank’s second branch office in Lawrenceburg since construction of the Community Bank of Lawrence County in 2003, the building across N. Military Ave from the Post Office comes alive again.

It was in 1957 when Commerce Union Bank built a new facility to move from its former location on the Lawrenceburg Square. “Built like a fort” according to some, the new bank had a basement that became popular as a civic meeting place and was even advertised as a fallout shelter with a prominent sign on the front door.

But the legacy of the bank building and its subsequent occupants goes back decades beyond. From its founding in 1889 to 1923, the bank was the Lawrence Bank & Trust, originally located on the south side of the Square between the Lawrenceburg Hotel and Vaughan Music Publishing Company.

Ten businessmen had created the bank with investments of $250 each. The original board of directors was a diverse group. Their most common characteristic was former service in the Confederate Army.

In 1905, a new Lawrence Bank & Trust was built at the corner of Pulaski St. and the Square. While many banks failed during the financial panics of 1893 and 1907, the Bank & Trust survived and prospered.

Ed Potter of Nashville purchased the bank along with three others in Middle Tennessee and changed its name to Commerce Union Bank in 1923. The bank’s business continued to center upon the planting and harvesting of cotton.

In 1957, the current building on N. Military was constructed with a unique feature as yet unseen in the local banking community- a drive-up window. Its first occupant was Frances Boyd who served the bank as a teller for 41 years before her retirement in 1992.

“Many will remember that the first drive-up window was at the front of the bank, right off North Military,” recalls Frances. “We were right next to North (now Neal) Funeral Home and things could get really congested when a funeral procession lined up next door.”

As time went by and traffic lines for the drive-up stretched into the busy street, new drive-up windows were opened in the rear. In the early 1980’s, Commerce Union added 3,000 sq. ft. of new office space in the front.

In the late 1980’s and early 1990’s, rapid changes came to Commerce Union.  But while changes took place the bank was serving the community by selling the old Crockett Theater to the City (1986) to begin the process of its wonderful restoration. The bank followed up by inviting the Nashville Symphony to perform there and also sponsored the community’s first Health Fair.

In 1987, Sovran Corp., a $20 billion holding company, purchased all Commerce Union Banks. In addition to remodeling the bank, under Sovran the Lawrenceburg branch became the largest in assets in Lawrence County in 1988.

In 1990, Sovran merged with C&S Bank of South Carolina to create a banking chain with over $50 billion in assets. Less than two years later, C&S/Sovran merged with North Carolina National Bank to become NationsBank.

Soon thereafter, an even larger giant came along and the Bank of America acquired NationsBank. The local office operated under that name until First Tennessee Bank in 2014 purchased some of Bank of America’s locations including Lawrenceburg. First Tennessee soon consolidated into its location at N. Locust Ave. and Weakley Creek Rd. and the old Commerce Union Bank was suddenly empty after decades of activity.

Local realtor Ann Morrow was listing agent for First Tennessee’s recent sale of the building to the Bank of Waynesboro. One fond memory she has the early morning meetings over coffee that her late father Floyd Brewer and other car dealers would have back in the 60’s and 70’s in the bank‘s basement. Ann asked for and was granted the honor of opening the first account at the new branch.

Many remember Commerce Union’s long-time janitor, Cecil Waer, who helped employees move furniture to the new location in 1957. The cash was moved in a heavily guarded truck owned by former Lawrence County Trustee Rolla Whitten.

Cecil Waer would arrive at work early before any of the employees and for years would cook breakfast in the basement kitchen for former president Mack Riddle.

Other presidents of the former banks include Lawrence Cotter, Tom Hudson and Tim Pettus. Way back in the 1920’s, Commerce Union’s president was N.C. Jeter, grandfather of famous Lawrenceburg actor Michael Jeter.

Bank of Waynesboro president Bill Bryant leads the way now and is justifiably proud of his bank’s acquisition of this notable location in downtown Lawrenceburg. The main lobby of the bank has undergone an upgrade with a new elevator and a classy glass-walled meeting room.

“We are delighted to add this branch office in historic downtown Lawrenceburg,” says Bryant. “This building is not only great from a nostalgic point of view but it fits perfectly into our philosophy of offering our customers friendly, personal service in a convenient location. We invite everyone to come in and enjoy our new look.”

The Bank of Waynesboro was chartered in 1904 and now provides full, community oriented banking services in five locations: Waynesboro, Collinwood, Barlow, and now, two locations in Lawrenceburg.

Consistently ranking among the top 25 best performing banks in the state, The Bank of Waynesboro last year earned $2.3 million, representing an 11.75% return on stockholder equity.

Bank of Waynesboro’s New Branch Has Rich History


Photo of North Military branch in  1957 showing 1st drive-thru window.

January 2018

Community Bank of Lawrence County is pleased to announce the opening of a second, full-service branch in Lawrenceburg. With the continued success and growth of our North Locust branch, the Bank has been in need of additional space to provide the kind of personal service and convenience our customers have come to expect and deserve.

When the old Commerce Union Bank building on North Military Avenue became available in early 2017, the decision to expand became easy. The close proximity to downtown and the building’s historical connection to banking made it a perfect fit. The building has operated as a local banking center since the late fifties. The basement has served, not only as a bomb shelter during the cold war, but a meeting and gathering place throughout the years for the community in general and numerous civic and local organizations. “I’d be terribly surprised if most Lawrence County folks over 50 do not have a personal connection to this building and location,” stated Bill Bryant, President/CEO. “They were either bank customers or an attendee to some of the many, many community events and meetings held here. I know it is that way for me. I banked here years ago and when I walk in now it seems like I’m being greeted by an old friend,” Bryant continued.

The purchase of the location was finalized in July 2017. Evers Construction Company was selected to perform the renovations which started in September 2017 and were recently completed.    

Bryant also said, “I am proud to announce that Lisa Moore will be Branch Manager at the new location. For Lisa, it is a homecoming. She started her banking career at this very location 32 years ago! We are thrilled to have her and the other new staff members joining her here.” Assisting Mrs. Moore in operating the branch is Rhonda Brown, Assistant Branch Manager, Kayla Self, New Accounts/Loan Processor, and Meleah Green, Head Teller. Shalee Mattox, Savannah Patterson and Lisa Shelton are the tellers for the new branch.

The new branch is located at 225 North Military Avenue, Lawrenceburg and officially opens Tuesday, January 16, 2018. Branch hours of operation for both the lobby and drive-thru will be Monday-Thursday 8:00am-4:00pm, and Friday 8:00am-5:00pm. There is also an ATM located in the fourth Drive-Thru lane.

Community Bank of Lawrence County is a branch of The Bank of Waynesboro, which was founded in 1904, continually serving the great citizens in Wayne and Lawrence County, Tennessee since then. Member FDIC. Equal Housing Lender

Familiar Faces, Different Bank, Same Great Service.
Staff of the North Military branch of Community Bank of Lawrence County.

Left to right: Lisa Shelton, Teller; Rhonda Brown, Assistant Branch Manager; Shalee Mattox, Teller; Lisa Moore, Branch Manager; Savannah Patterson, Teller; Meleah Green, Head Teller; Kayla Self, New Accounts/ Loan Processor.

April, 2017

5-Star The Bank of Waynesboro: Once Again a Top Performer

April 2017: The Bank of Waynesboro, Waynesboro, Tennessee proudly announces it is once again a top performer, earning a coveted 5-Star rating from BauerFinancial, the Nation’s Premier Bank Rating Firm. (A five-star rating indicates that this bank excels in areas of capital adequacy, profitability, asset quality and much more.) The Bank of Waynesboro has earned this top honor for five consecutive quarters.

“The Bank of Waynesboro is a prime example of a community bank excelling at what a community bank was meant to do,” explains Karen L. Dorway, president of BauerFinancial. “It employs locally, thereby having the same personal investment in the community as its customers; it makes decisions locally, often for neighbors and friends; and it focuses on quality as opposed to quantity. That focus has paid off for both The Bank of Waynesboro and for its community.”

The Bank of Waynesboro was established in 1904 and has been providing quality banking services to its neighbors and friends ever since. Today, after 113 years, it operates through four conveniently located offices in Collinwood, Lawrenceburg and Waynesboro and can also be found on the web at

The Bank of Waynesboro: “Your 5-Star Community Bank”

Member of the FDIC and an Equal Housing Lender.

BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and bank rating and research firm, has been reporting on and analyzing the performance of U.S. banks and banks since 1983. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at


BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.