First Security Group Inc was incorporated in Tennessee on February 1, 1999 to serve as a bank holding company, and is regulated and supervised by the Board of Governors of the Federal Reserve System. It currently operates 28 full-service banking offices through its wholly-owned bank subsidiary, FSGBank. It serves the banking and financial needs of various communities in eastern and middle Tennessee, as well as northern Georgia. The Company offers a range of lending services that are mainly secured by single and multi-family real estate, residential construction and owner-occupied commercial buildings. In addition, it makes loans to small and medium-sized businesses, as well as to consumers for a number of purposes. The Companys main source of funds for loans and securities is core deposits gathered through its branch network. The Company offers a range of deposit services, including checking, savings, money market accounts and certificates of deposit, and obtain its deposits from individuals and businesses in its market areas, including the vast majority of its loan customers. The Companys wealth management division offers private client services, financial planning, trust administration, investment management and estate planning services. It also provides mortgage banking and electronic banking services, such as Internet banking, online bill payment, cash management, ACH originations, and remote deposit capture. The Company competes with commercial banks, credit unions, savings and loan associations, mortgage banking firms, consumer finance companies, securities brokerage firms, insurance companies, money market funds and other financial institutions, which operate in its main market areas and elsewhere. The Company and FSGBank are subject to extensive state and federal banking regulations that impose restrictions on and provide for general regulatory oversight of their operations.