SouthEast Bank
| Private | |
| ISIN | 🆔 |
| Industry | Financial services |
| Founded 📆 | April 29, 2002 |
| Founder 👔 | |
| Headquarters 🏙️ | Knoxville, Tennessee, U.S. |
Area served 🗺️ | |
| Products 📟 | Retail banking, Commercial banking, Mortgages, Loans, Student loan refinancing |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
SouthEast Bank is a regional financial institution headquartered in Knoxville, Tennessee, in the community of Farragut. It operates a network of 14 branches across Middle Tennessee and East Tennessee.
Overview
Established on April 29, 2002,[1] the bank offers a range of financial products and services, including personal and business checking and savings accounts, mortgages, personal and commercial loans, credit and debit cards, and electronic banking services.[2]
History
SouthEast Bank, originally founded as SouthEast Bank & Trust, was established in 2002, initially opening branches in Athens and Decatur, Tennessee, followed by loan production offices in Dayton and Spring City later that year.[3]
Business Model
SouthEast Bank was founded with a unique ownership structure designed to promote community involvement, ensuring that no single shareholder controls more than 5% of the bank’s shares.[3]
The bank operates with a dual focus on traditional community banking and specialized student loan services. In addition to offering standard deposit services and various loan products – including mortgages, commercial loans, and personal loans – SouthEast Bank manages a significant student loan refinancing program through ELFI (Education Loan Finance), a division of SouthEast Bank.
In 2022, the company surpassed $2 billion in funded student loan refinancing and consolidation loans, assisting more than 25,000 graduates, parents, and cosigners.[4]
Community Reinvestment and Engagement
One of the largest initiatives SouthEast Bank has established is SEB Scholars, which disseminates scholarship funds to local community colleges, four-year colleges, and universities in Middle and East Tennessee to support low-to-moderate income students with the cost of attending.
Over the past decade, the bank has contributed more than $25 million to initiatives that support primary through post-secondary education, financial literacy, and workforce development.[5][6][7][8][9]
Branches and Assessment Areas
SouthEast Bank operates 14 branches across several Tennessee counties, including Bradley, Hamilton, Knox, Loudon, McMinn, Meigs, Putnam, and Rhea. These counties form the bank’s Community Reinvestment Act (CRA) assessment areas, encompassing both metropolitan and non-metropolitan regions.
See also
References
- ↑ "SouthEast Bank Reports – 3110197 Call Report". Visbanking.
- ↑ "SouthEast Bank – Company Profile and News – Bloomberg Markets". Bloomberg.
- ↑ 3.0 3.1 "SouthEast Bank is the new kid in town". The Herald-News, Dayton, Tennessee. 8 July 2010.
- ↑ "Education Loan Finance Surpasses $2 Billion in Student Loan Refinancing". PR Newswire (Press release).
- ↑ "SouthEast Bank Commits More Than $150,000 To Chattanooga Public Charter Schools". Chattanoogan.com. 26 September 2024.
- ↑ "SouthEast Bank Contributes $28,000 Toward Scholarships for Southern Students". Southern Adventist University.
- ↑ "SouthEast Bank And Ocoee Middle School Become BEST Partners". Chattanoogan.com. 6 May 2015.
- ↑ "SouthEast Bank and Young Women's Leadership Academy Foundation give $150K to area schools". Chattanooga ABC News Channel 9. 22 October 2024.
- ↑ "Southeast Bank donates $45K for to DCS for D.C. trip". The Herald-News, Dayton, Tennessee. 26 February 2025.
References
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