Shop Local


Did you know that 80% of all small business loans made in America are provided by community banks? Bank of Tennessee has been a major economic driver in this area for nearly 40 years by providing financial services that small businesses need.

We are committed to our small business customers’ success by encouraging our community to shop and dine locally. While nationally owned companies provide valuable products and services to our community, we would like to remind you of the many positives that locally owned businesses do for our community.

  • Put your taxes to good use: On average, 45% of every dollar spent locally stays in the local economy to support schools, emergency services, roads, and jobs. Compare that to approximately 14% of every dollar spent at a nationally owned business stays in the community.
  • Support yourself: When you buy from a locally owned business significantly more of your money is used to make purchases from other local businesses – a multiplier effect of at least 3. Local businesses use local banks, local attorneys, local CPAs, etc. National companies use these services out of our area.
  • Support community groups: Non-profit organizations receive an average 250% more support from smaller business owners than they do from large businesses in addition to volunteer hours.
  • Keep our community unique: Where we shop, where we eat and have fun — all of it makes our community home. Our one-of-a-kind businesses are an integral part of the distinctive character of this place.
  • Reduce environmental impact: Locally owned businesses can make more local purchases requiring less transportation and generally set up shop in town or city centers as opposed to developing on the fringe. This generally means contributing less to pollution.
  • Create more good jobs: Small local businesses are the largest employer nationally and in our region and provide the most jobs to our residents.
  • Get better service: Local businesses often hire people with a better understanding of the products they are selling and take more time to get to know customers.
  • Encourage local prosperity: Economic research shows that entrepreneurs and skilled workers are more likely to invest and settle in communities that preserve their one-of-a-kind businesses and distinctive character.