LOCAL: (865) 475-9052 | 24/7: (865) 475-6191 or (800) 741-2910

Business Banking

Checking

Checking Services at First Peoples Bank are tailored to fit your needs for record-keeping and convenience and offer a variety of products from which to choose.
OTHER SERVICES AVAILABLE:
  • ATM Service
  • Money Orders, Cashiers Checks, Gift Cards
  • Safe Deposit Boxes
  • Direct Deposits and Automatic Debits
  • Cash Advances
  • Notary Services

COMMERCIAL

  • $100 Minimum to open
  • No service charge if balance remains above $2,500
  • Analysis charges may be applied based on activity
  • Monthly Statement with check images
MONEY MARKET
  • $10,000 Minimum to open Commercial Money Market
  • 6 withdrawals allowed without charge
  • Monthly statement with check images

What to Bring to Open a Business Account

To open a business account at First Peoples Bank, please bring the following documents based on your business type:

Corporation
  1. Articles of Incorporation
  2. State of Tennessee filing document (can be printed from tn.gov)
  3. Proof of Business EIN (IRS document such as Form SS-4 or CP-575)
LLC (Limited Liability Company)
  1. Operating Agreement
  2. State of Tennessee filing document (can be printed from tn.gov)
  3. Proof of Business EIN
Partnership
  1. Partnership Agreement
  2. Proof of Business EIN
Sole Proprietorship
  1. If using an EIN: Official IRS documentation (e.g., Form SS-4 or CP-575 notice)
  2. If using an SSN: No EIN documentation needed
  3. Proof the business exists (e.g., business website, flyer, or advertisement)
Trust
  1. Trust Agreement
  2. If an EIN is required: Proof of the Trust EIN
Estate
  1. Death Certificate
  2. Letters Testamentary (must name the Personal Representative)
  3. Proof of Estate EIN
Additional Requirements for All Business Accounts
  1. Regardless of business type, the following are also required:
    • Valid government-issued photo ID for each authorized signer
    • Social Security Number or EIN
    • Physical business address and phone number (P.O. boxes are not accepted as a primary address)

COMMERCIAL SAVINGS AND CERTIFICATE OF DEPOSITS (CD)

Regular Commercial Savings

  • $100.00 minimum deposit to open.
  • Earns interest on balance of $10.00 or more, accrued daily, paid quarterly
  • Detailed quarterly statement of account activity
  • Six (6) withdrawals allowed per quarter We will charge $1.50 per debit in excess of six (6)
  • Direct deposit and automatic transfers available
  • ATM withdrawals available
  • FDIC insured
  • If balance falls below $100.00 during statement cycle, you will be charged a $3.00 service charge

Business CD

  • $2,000.00 minimum deposit to open
  • FDIC insured
  • Current interest rates and information about the various terms of our CDs may be obtained by contacting the Bank at any of our five offices.