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First Security Group, Inc. · Chattanooga, TN United States ·(NASDAQ (GS): FSGI)

Company Description

531 Broad St.
Chattanooga, TN
37402
United States (Map)
Phone: 423-266-2000
Fax: 423-267-3383
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    Pardon me boy, as Glenn Miller would say, but if you've got your fare and a trifle to spare, you might want to turn to First Security Group. The holding company for FSGBank operates about 40 branches in eastern and middle Tennessee (including Chattanooga) and northern Georgia; in addition to the FSGBank brand, the company also operates certain locations under the Dalton Whitfield Bank, Jackson Bank & Trust, and Primer Banco Seguro names. The bank offers standard deposit and lending services, including checking and savings accounts and CDs. Real estate loans and mortgages make up about three-quarters of First Security's loan portfolio, which also includes business, agricultural, and consumer loans. To read the full description, subscribe now.

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    Key First Security Group, Inc. Financials

    Company TypePublic - NASDAQ (GS): FSGI

    Headquarters
    Fiscal Year-EndDecember
    2008 Sales (mil.)$56.9
    2008 Employees372

    First Security Group, Inc. Executives

    9 executives listed for First Security Group, Inc.'s Chattanooga, TN location.
    TitleName & BioContact
    Chairman, President, and CEO, First Security Group and FSGBankRodger HolleyNetwork
    EVP, CFO, and Secretary, First Security Group and FSGBankWilliam LuskNetwork
    VP, Controller, and Principal Accounting OfficerJohn HaddockNetwork

    Competition

    Competitive Landscape for First Security Group, Inc.
    Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.
    Top First Security Group, Inc. Competitors
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