First Security Group, Inc. (NASDAQ:FSGI)

First Security Group, Inc. operates as the holding company for FSGBank that provides banking products and services to various communities in eastern and middle Tennessee, and northern Georgia. It offers various deposit services, such as checking, savings, and money market accounts, as well as certificates of deposit. The company offers a range of lending services that are primarily secured by single and multi-family real estate, residential construction, and owner-occupied commercial buildings. Its loan portfolio includes residential mortgage loans; commercial mortgage loans; and commercial loans, including loans to smaller business ventures, and letters of credit, as well as credit lines for working capital, and short-term seasonal or inventory financing. The company also provides real estate construction and development loans to residential and commercial contractors and developers; and consumer loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans, as well as direct lease financing services. In addition, it provides wealth management services, such as private client services, financial planning, trust administration, investment management, and estate planning services; mortgage banking services; electronic banking services, such as Internet banking, online bill payment, cash management, ACH originations, and remote deposit capture; and other banking services comprising wire transfers, direct deposit, traveler’s checks, safe deposit boxes, and the United States savings bonds. As of April 12, 2013, it operated 30 full-service banking offices. The company was incorporated in 1999 and is headquartered in Chattanooga, Tennessee.

Web site: http://www.fsgbank.com

Last updated April 30, 2013