Mountain Natl Bncshs Tn (MNBT)

Mountain National Bancshares Inc is a bank holding Company registered with the Board of Governors of the Federal Reserve System under the Bank Holding Company Act of 1956, as amended. The Company provides a full range of banking services through its banking subsidiary, Mountain National Bank. The Company's banking business consists primarily of traditional commercial banking operations, including taking deposits and originating loans. The Company conducts its banking activities from its main office located in Sevierville, Tennessee and through five additional branch offices in Sevier County, Tennessee. The Company operates two branch offices in Gatlinburg, a branch office in Pigeon Forge, a branch office in Seymour, and a branch office in Kodak, Tennessee. The Company offers a variety of retail banking services. At December 31, 2009, the assets of the Company consisted primarily of its ownership of the capital stock of the Bank. The Company seeks savings and other time and demand deposits from consumers and businesses in its primary market area by offering a full range of deposit accounts, including savings, demand deposit, retirement, including individual retirement accounts, or IRA's, and professional and checking accounts, as well as certificates of deposit. The Company uses the deposit funds it receives to originate mortgage, commercial, and consumer loans, and to make other authorized investments. In addition, the Company currently maintains 21 full-service ATMs throughout its market area. Because the Bank is a member of a number of payment systems networks, Bank customers may also access banking services through ATMs and point of sale terminals throughout the world. In addition to traditional deposit-taking and lending services, the Company also provides a variety of checking accounts, savings programs, night depository services, safe deposit facilities and credit card plans.