Which banks are lending on multifamily and commercial real estate in Tennessee?
Reviewed by Dominick Prevete, Founder, Blue Sky Capital Advisors
LinkedInBlue Sky Capital Advisors LLC, NJ entity ID 0450507578 (verify on the NJ business search)
108 FDIC-insured banks headquartered in Tennessee with under $100 billion in assets held $7.0 billion of multifamily loans and $40.0 billion of commercial real estate loans at June 30, 2026, in Dominick Prevete's analysis of FDIC Call Report data for Blue Sky Capital Advisors, a commercial mortgage advisor. The two largest multifamily books are at First Horizon Bank and Firstbank. 15.5% of the state's bank CRE sits at banks at or above the 300% monitoring level, rank 22 of 43 states.
Data as of June 30, 2026 (Q2 2026 FDIC Call Reports) · Retrieved October 12, 2026MethodologyDownload the Tennessee data (CSV)
Tennessee bank CRE at a glance
| Measure | Tennessee | U.S. | Rank of 43 |
|---|---|---|---|
| FDIC-insured banks | 108 | 4,281 | 16 |
| Multifamily loans | $7.0B | $405.2B | 17 |
| Total CRE loans | $40.0B | $1,600.5B | 15 |
| Multifamily growth, year over year | +10.3% | +3.5% | 14 (tied) |
| CRE growth, year over year | +3.2% | +3.4% | 30 |
| Share of CRE at banks at or above 300% | 15.5% | 25.0% | 22 |
| Share of CRE at banks at or above 200% | 51.7% | 71.0% | 36 |
| Banks growing multifamily | 14 of 22 (63.6%) | 670 of 1,066 (62.9%) | 21 |
CRE is construction, multifamily and non-owner-occupied commercial real estate loans. Growth is like for like: Tennessee banks that filed at both dates with no merger in the year. "Banks growing multifamily": of the 22 such Tennessee banks with a multifamily book of $25 million or more a year earlier, the 14 whose book is larger now; the rank orders that share.
What stands out in Tennessee
Like for like, Tennessee's banks' multifamily books grew 10.3% in the year to June 30, 2026, tied for the 14th highest of the 43 ranked states (U.S.: +3.5%).
Banks here added multifamily loans faster than banks nationally, so a local bank is more likely to have room for a new apartment loan.
15.5% of Tennessee's bank CRE sits at banks at or above the 300% monitoring level, ranking 22nd lowest of the 43 ranked states (U.S.: 25.0%).
Less of this state's bank CRE sits at banks near their concentration limits, so concentration is less likely to be why a bank here says no.
Which Tennessee banks are growing multifamily?
| # | Bank | City | Multifamily loans | Multifamily, year over year | CRE concentration (% of capital) | CRE, 36 months |
|---|---|---|---|---|---|---|
| 1 | FIRST HORIZON BANK | MEMPHIS | $3.7B | +7.7% | 143.0% | −3.2% |
| 2 | FIRSTBANK | NASHVILLE | $767.5M | +30.7%‡ | 268.9% | +22.4%† |
| 3 | COMMERCIAL BANK | HARROGATE | $258.2M | +20.2% | 306.7% | +53.0%† |
| 4 | SMARTBANK | PIGEON FORGE | $244.5M | −1.3% | 290.0% | +42.5% |
| 5 | WILSON BANK&TRUST | LEBANON | $202.1M | +12.4% | 264.3% | +20.7% |
| 6 | BANK OF TENNESSEE | KINGSPORT | $176.4M | +35.0% | 375.5% | +42.2% |
| 7 | CITIZENS BANK | ELIZABETHTON | $94.7M | +8.6% | 304.6% | +15.2% |
| 8 | SECURITY BANK&TRUST CO | PARIS | $81.6M | +149.2% | 236.8% | +134.5%† |
| 9 | BUILTWELL BANK | CHATTANOOGA | $75.7M | +132.6%‡ | 303.8% | +35.5%† |
| 10 | FINANCIAL FEDERAL BANK | MEMPHIS | $65.7M | −15.1% | 309.6% | +10.0% |
| 11 | LAWRENCE BANK | NASHVILLE | $64.0M | +228.9%‡ | 186.2% | +186.6%† |
| 12 | TRUXTON TRUST CO | NASHVILLE | $63.4M | +13.4% | 229.5% | +30.6% |
| 13 | CITIZENS NATIONAL BANK | SEVIERVILLE | $60.1M | +11.1% | 330.5% | +21.7% |
| 14 | FIRST NB OF TENNESSEE | LIVINGSTON | $51.9M | −10.9% | 161.6% | −2.3% |
| 15 | SOUTHEAST BANK | FARRAGUT | $47.1M | +3.7% | 230.8% | +70.4% |
| 16 | FIRST COMMUNITY BANK OF TN | SHELBYVILLE | $42.2M | +25.7% | 250.8% | +39.0% |
| 17 | FIRST FARMERS&MERCHANTS BANK | COLUMBIA | $42.1M | +19.8% | 215.8% | +12.3% |
| 18 | WELLWORTH BANK | LAFAYETTE | $41.2M | −19.7% | 211.3% | +52.2% |
| 19 | ONE BANK OF TENNESSEE | COOKEVILLE | $38.2M | +9.0% | 180.9% | +13.8% |
| 20 | FIRST FEDERAL BANK | DICKSON | $36.2M | +11.1% | 175.2% | −0.7% |
| 21 | APEX BANK | CAMDEN | $35.0M | −3.2% | 74.1% | +16.6% |
| 22 | TENNESSEE STATE BANK | PIGEON FORGE | $34.6M | +20.1% | 347.4% | +15.6% |
| 23 | HOME FEDERAL BANK OF TN | KNOXVILLE | $33.2M | +51.2% | 92.7% | +17.1% |
| 24 | LEGENDS BANK | CLARKSVILLE | $32.7M | +40.1% | 275.0% | +13.1% |
| 25 | ANDREW JOHNSON BANK | GREENEVILLE | $29.3M | −14.4% | 178.9% | +0.7% |
‡ / † 5 of these 25 Tennessee banks absorbed another institution inside the year-over-year / 36-month window (FDIC structure history), so their change reflects a merger, not solely new lending. Names as filed in the FDIC financial data; city is the headquarters. Shading: 300% and over, and 200%–299%.
Banks with $100 billion or more in assets are left out of this table and the state ranks, as on the national page: the largest banks' balance sheets are national. One is headquartered in Tennessee and is in the Tennessee CSV.
This list is FDIC Call Report data, not a list of Blue Sky's lender relationships, and it isn't a ranking or endorsement. How Blue Sky gets paid →
Download every Tennessee bank (CSV)Every state, and the national picture →
What this means if you're a borrower in Tennessee
Banks that are adding multifamily loans tend to compete for them, so it is worth asking more than one Tennessee bank before taking the first terms you see.
Concentration is less likely to stand in the way at a Tennessee bank, so the conversation turns on the property, the sponsor and whether the bank wants a loan of your size.
Dominick Prevete of Blue Sky Capital Advisors arranges multifamily and commercial financing for Tennessee properties with banks and other lenders, and is paid at closing (how Blue Sky gets paid). Call (908) 220-6404 or request a consultation.
Sources
- FFIEC Central Data Repository: public Call Reports as of June 30, 2026 — Every bank figure on this page: each bank's loans, capital, concentration and growth, from its Call Report as of June 30, 2026 (retrieved October 12, 2026).
- FDIC BankFind Suite: bank lookup — The banks named in the table: look up any Tennessee bank by name or FDIC certificate number to confirm its headquarters and status.
- Tennessee banks, bank by bank (CSV) — The 109 banks headquartered in Tennessee, as filed: the rows behind the tables and every state figure here.
- Methodology, sources and limitations — How CRE concentration, like-for-like growth and the ranks among the 43 states are computed.
Tennessee bank CRE: common questions
Which banks in Tennessee hold the most multifamily loans?+
Among banks headquartered in Tennessee with under $100 billion in assets, First Horizon Bank ($3.7 billion), Firstbank ($767.5 million) and Commercial Bank ($258.2 million) held the largest multifamily books at June 30, 2026, according to FDIC Call Report data. The table on this page lists the 25 largest, with each bank's change over the year.
Are Tennessee banks still growing multifamily?+
Like for like, Tennessee's banks grew 10.3% their multifamily books in the year to June 30, 2026, against +3.5% for U.S. banks under $100 billion. 14 of the 22 Tennessee banks with a multifamily book of $25 million or more a year earlier grew it. Like for like means banks that filed at both dates with no merger in the year.
How concentrated is Tennessee bank CRE?+
15.5% of the CRE held by Tennessee's banks under $100 billion sits at banks at or above 300% of capital, the 2006 interagency monitoring level: rank 22 of 43 states, against 25.0% nationally. 51.7% sits at banks at or above 200%. These are monitoring levels, not limits, and a bank above one is not in violation of anything.
Why don't national banks appear in this list?+
Banks with $100 billion or more in assets are left out of this page's tables and ranks, as on the national page: the largest banks' balance sheets are national, so their headquarters state says little about where they lend. 1 is headquartered in Tennessee; it is in the Tennessee CSV. Every bank here is listed by headquarters state, not by where its loans are.
How often is this updated?+
Every quarter, after banks file their Call Reports. This Tennessee page reflects the 109 Tennessee banks' June 30, 2026 (Q2 2026) filings, retrieved October 12, 2026; Q3 2026 data is expected in December 2026.
What this table is not. Concentration ratios are computed from each Tennessee bank's own public regulatory filings and describe portfolio composition relative to capital — nothing here is a statement about any institution's safety, soundness, or condition, and exceeding a supervisory monitoring criterion is neither a violation nor a supervisory finding. Blue Sky Capital Advisors is a commercial mortgage advisory firm, not a bank rating agency.