Apex Bank Nears $1 Billion in Assets After Years of Growth

News Summary

Apex Bank has achieved a remarkable milestone, nearing $1 billion in assets after 12 consecutive years of growth. This achievement highlights the bank’s commitment to community service and successful financial strategies. With plans to acquire two branches in Knoxville, Apex Bank aims to enhance its presence and improve customer service. Additionally, their Latino mortgage lending division, Apex Casa, continues to flourish, focusing on personalized financial solutions for the underserved community. Apex Bank is poised for continued success with robust expansion plans and innovative lending initiatives.

Tennessee

Apex Bank has announced a significant milestone, achieving nearly $1 billion in assets after 12 consecutive years of growth. This achievement is a testament to the bank’s ongoing commitment to serving its community and expanding its reach in the financial sector.

Over the past 12 years, Apex Bank has witnessed remarkable growth in assets, rising from over $100 million in the early 2000s to approximately $1.35 billion as of 2025. This upward trend reflects the bank’s successful strategies and operations, positioning it as one of the best-performing community banks in the nation.

As part of its expansion efforts, Apex Bank operates 20 retail locations and a mortgage servicing center in Knoxville. Recently, the bank has made headlines by agreeing to acquire two branches in Knoxville from HomeTrust Bancshares, located in North Carolina. This transaction, valued at around $42 million in customer deposit accounts, is expected to close in the second quarter of 2025. HomeTrust will retain the associated loan accounts as part of this transition, a move that aligns with their strategic plan to focus on core markets and branch efficiency.

Leadership and Community Commitment

Matt Daniels, the CEO of Apex Bank, has expressed enthusiasm about the bank’s ongoing growth and its plans to expand in the Knoxville area. This strategic acquisition will not only strengthen Apex Bank’s presence in the market but also enhance their ability to meet the needs of their customers effectively.

Apex Bank has received recognition for its performance, including being awarded Tennessee’s Top Community Bank by a prominent industry authority. This accolade highlights their dedication to providing exceptional service and financial solutions.

Innovative Lending Initiatives

Apex Bank has also made strides in serving diverse communities. The bank’s Latino mortgage lending division, known as Apex Casa, has become a notable player in the industry, climbing to one of the Top 250 loan originators as identified by the National Association of Hispanic Real Estate Professionals (NAHREP). In an effort to continue this momentum, Apex Casa is focusing on surpassing its record performance from previous years.

Anabel Lino, a key figure within Apex Casa, emphasizes the importance of building trust with clients in the Latino community, which has historically been underserved and often skeptical of financial institutions. Through personalized financial solutions, Apex Bank aims to bridge this gap and encourage more individuals from the Latino community to engage with banking services.

Financial Health of Hickman County

On a broader financial note, the Hickman County Commission recently approved its 2025-2026 budget, which includes appropriations totaling $76.3 million for the fiscal year, despite an increase in property taxes. Such financial developments could indirectly affect local banking dynamics, including those at Apex Bank, as community banks often play a key role in the economic health of the areas they serve.

In summary, Apex Bank’s journey to nearing $1 billion in assets underscores its effective growth strategies and deep commitment to community service. With a robust expansion plan that includes significant acquisitions and a focus on diverse lending initiatives, Apex Bank is poised to continue its successful trajectory in the coming years.