Here in the Scenic City, we have plenty of financial institutions to fit the needs of residents and business owners alike. With local, regional, and national institutions to choose from, Chattanoogans can easily access the services and solutions that are right for them.

Across the city, a wealth of banks and credit unions are ready and waiting to serve their customers. Consumer needs ranging from checking and savings accounts to mortgage and business loans spur banks to offer a variety of products and services, while developing longer-term financial relationships.

Financial planning services continue to make their way to mainstream banking entities. Among other services, banks are helping individuals and businesses with retirement plans, pensions, trusts, insurance needs, and portfolio management.

Banking in Chattanooga is mirroring national trends when it comes to mergers and acquisitions, and these business deals often allow consumers to enjoy expanded products and services. In July of 2024, First Financial completed their previously announced acquisition of SimplyBank’s 13 branches in Tennessee and Georgia. In October, Bank of Cleveland announced their acquisition by Chattanooga-based Builtwell Bank, expected to be complete at the beginning of 2025. The deal is anticipated to expand Bank of Cleveland’s current offerings and footprint in the community. Commercial bank Provident Commercial Finance was acquired by Scale Bank, providing clients with additional access to capital and resources.    

In addition to these mergers and acquisitions, several companies have entered the Chattanooga market or are expanding their existing footprint. In 2024, Tennessee Valley Federal Credit Union opened a branch inside of the Volkswagen manufacturing facility, providing easy banking access to team members as well as encouraging financial literacy. Regions Bank opened a new location in Hixson, described as one of the most modern Regions locations in Tennessee. Chase Bank, new to the Chattanooga area, has recently opened two new branches, one in Northshore and another on Gunbarrel Road in East Brainerd. 

While some banks may be new to the area or are changing form, powerhouse companies and regional favorites continue to offer dependable service. Among the many area banks are FirstBank, SouthEast Bank, Truist, Regions Bank, Synovus Bank, SmartBank, First Horizon Bank, and Pinnacle Financial Partners.

In addition to consolidated companies, new players, and local mainstays, other traditional banks and credit unions continue to diligently serve the Chattanooga community.