United Tennessee Bankshares Inc

United Tennessee Bankshares, Inc. functions as the parent entity of Newport Federal Bank, delivering a comprehensive suite of financial solutions to both individual consumers and business clients. Its array of deposit products encompasses interest-bearing checking accounts, various savings options including passbook and NOW accounts, money market accounts, individual retirement accounts (IRAs), and certificates of deposit (CDs). On the lending side, the bank extends credit for diverse purposes. These include residential mortgages for one-to-four family properties, personal and auto loans (both secured and unsecured), home improvement and new construction financing, debt consolidation loans, and commercial real estate loans. Additionally, it provides lines of credit, remodeling loans, loans secured by deposits, and land refinancing services. The company also manages an investment portfolio, which features securities from U.S. government corporations and agencies, municipal bonds issued by governmental bodies, state and political obligations, corporate debt instruments, and mortgage-backed securities. Moreover, it facilitates online banking for its customers. With three full-service banking branches, the company serves its clientele exclusively in Newport, Tennessee. Established in 1934, the institution maintains its headquarters in Newport, Tennessee.