R. Lynn Shipley Jr.

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  www.timesnews.net/article.php?id=9011933 - [Cached Version]
  Published on: 2/18/2009    Last Visited: 2/21/2009  

  TriSummit Chairman and Chief Executive Officer Lynn Shipley said contractors with Little & Adams Inc. have completed demolition and abatement work on the Church Circle building and have pulled their work trailers off the site.
  
  Now TriSummit is soliciting bids for the second phase of the project, which will involve actual construction of an addition to the building. The bidding process is expected to be completed March 12, and the winning contractor will start construction soon after.
  
  "We'll see a fast-track construction plan moving from that point forward," Shipley said.
  ...
  Shipley said the initial construction phase turned up more than the bank had bargained for. As expected, the inside of the building tested positive for lead paint and asbestos, which had to be removed. But unexpectedly, tests around the building unveiled poor soil quality. Shipley said the soil had to be excavated and removed, and new soil was trucked in.
  
  And recently, workers trying to pour the concrete foundation for the addition were slowed by inclement weather and freezing temperatures, Shipley said.
  
  "It's really been slow the last six or eight weeks," he said. "But they've finished pouring the concrete for the foundation, and we've reached a milestone in the construction process."
  
  He said TriSummit opted to solicit bids for the actual construction phase of the project to take advantage of lower construction costs.
  
  "Last summer as construction started to slow nationwide, material prices started to come down and the availability of subcontractors and skilled craftsmen started to improve," Shipley said.
  
  "We just felt like it was in the best interest of our shareholders to bid out this next phase of construction so we can take advantage of the lower costs," he said.
  
  Initially construction was expected to cost $5 million to $5.5 million. However, the price tag is expected to increase because of the unexpected abatement projects and soil removal during the initial phase of construction.
  
  "I know it's going to be more than that because of site abatement," Shipley said. "Anytime you get into renovating a property in an historic district, you've got additional requirements to comply with. And just renovating an old building brings its challenges."
  
  He said he hopes construction will be completed by the end of the year. At that time, TriSummit's corporate offices in the Executive Park building will be moved to the downtown location. Shipley noted that TriSummit will retain its branch on the main level at the Executive Park office.

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  www.tnbankers.org/govt_news - [Cached Version]
  Last Visited: 10/5/2009  

  Lynn Shipley, President/CEO, TriSummit Bank, Kingsport

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  www.bjournal.com/issue/?year=%3C%=%20year(now)%20%%3E&m - [Cached Version]
  Published on: 8/1/2008    Last Visited: 8/13/2008  

  TriSummit Chairman and CEO R. Lynn Shipley announced the appointment effective July 10.
  ...
  Lynn ShipleyChairman ,CEO, TriSummit BankShipley's face is one of the most recognizable in the Tri-Cities banking community.He has served clients in the Tri-Cities with First American Bank and, after its merger, with AmSouth.As AmSouth merged with Regions Bank, Shipley began looking for a new challenge.Just two years ago, Shipley chartered TriSummit Bank, cherry-picking staff members from among the banking professionals he'd known in the region for years.Today the bank reports record successes in growth and assets.With decades of banking experience, Shipley has made TriSummit's primary goal to become a community bank for Tri-Cities region and to personally serve local customers.

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  www.bjournal.com/issue/?year=2008&month=8 - [Cached Version]
  Published on: 8/1/2008    Last Visited: 8/13/2008  

  TriSummit Chairman and CEO R. Lynn Shipley announced the appointment effective July 10.

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  businesstn.com/content/200907/world-according-tarp - [Cached Version]
  Last Visited: 8/29/2009  

  Lynn Shipley, TriSummit chairman and CEO, says for community banks, "it's a different ballgame than the money-center banks that have been getting the 'bailout' money."
  
  "The big banks have gotten this additional capital due to credit or investment losses," Shipley says.

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  www.timesnews.net/article.php?id=9003251 - [Cached Version]
  Last Visited: 10/4/2007  

  In August, TriSummit Bank CEO Lynn Shipley said an elm that stood many years in front of a building listed on the National Register of Historic Places in the Church Circle historic district would be preserved.
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  Another neighbor, Thelma Rector, expressed disappointment that Shipley hadn't kept his word.
  ...
  Shipley said when he went before the commission in Aug., he told them he was having the tree evaluated.
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  Shipley said he decided to cut the tree down based on the general consensus that the tree wouldn't live much longer anyway if they left it standing, and if they tried to save it by pruning the dead limbs out, it wouldn't look right.
  
  "I personally wanted to save that tree," Shipley said.
  
  But instead of pruning away the beauty of the tree just to keep it standing for what might be only a few more years, Shipley said he made the tough decision to cut it down.
  
  Shipley's plans for converting the old AEP building location into a TriSummit Bank site were approved by a 3-2 vote in Aug. when he presented his proposal to commission.

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  www.bjournal.com/issue/?year=2008&month=7 - [Cached Version]
  Published on: 7/1/2008    Last Visited: 8/13/2008  

  Lynn ShipleyChairman ,CEO, TriSummit BankShipley's face is one of the most recognizable in the Tri-Cities banking community.He has served clients in the Tri-Cities with First American Bank and, after its merger, with AmSouth.As AmSouth merged with Regions Bank, Shipley began looking for a new challenge.Just two years ago, Shipley chartered TriSummit Bank, cherry-picking staff members from among the banking professionals he'd known in the region for years.Today the bank reports record successes in growth and assets.With decades of banking experience, Shipley has made TriSummit's primary goal to become a community bank for Tri-Cities region and to personally serve local customers.

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  Business Journal - [Cached Version]
  Published on: 5/1/2006    Last Visited: 5/1/2006  

  TRI-CITIES, TENN./VA. - R. Lynn Shipley, Jr., President and CEO of TriSummit Bank (In Organization), announced last week that the bank's stock solicitation is now over-subscribed with orders received for more than 3 million shares.The investments raised just over $31 million in capital, and exceed the maximum offered by the organizers in the approved offering circular.
  
  "Our market analysis and collective experience indicated the need for a Tri-Cities-based community bank, which would be led by home-town organizers dedicated to exceeding expectations for consumers and small businesses," said Shipley."We believe the response to the investment offering validates our concept and we look forward to moving forward with the organization and opening of TriSummit Bank (In Organization)."
  
  "Our research indicates that $31 million is one of the top two largest capital amounts raised by a state chartered bank in Tennessee," he continued.
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  In addition to Shipley, bank organizers include John H. King, automobile dealer; Richard Manahan, ETSU executive; Mack Patton, M.D., retired urologist; Robert B. McNab, Jr., real estate developer; Charles Montgomery, real estate investor; Doug Alley, automobile dealer; and Lois A. Clarke, United Company executive.
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  Additional information is available by contacting R. Lynn Shipley, Jr. at 423-323-9977 or by visiting the Web site at www.trisummitbank.com.

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  Business Journal - [Cached Version]
  Published on: 4/7/2006    Last Visited: 4/8/2006  

  TRI-CITIES TENN./VA. - Lynn Shipley, Jr., President and CEO of TriSummit Bank (In Organization), announced today the achievement of several major milestones on the road to regulatory approval.
  
  Investments in TriSummit Bank (in organization) now exceed $27 million.That figure represents more than 2,700,000 in stock shares subscribed and exceeds the minimum capital offering set by the organizers in the approved offering circular.The circular sets a maximum offering of $30 million.
  
  "Our bank organization and stock offering have been very well received in the Tri-Cities region.We are excited about the level of success we have achieved and are still seeking investments to reach our maximum offering within the next few weeks," said Shipley.
  
  "Our concept is unique for this region and we see the investment response as a tangible expression of confidence in the need for a Tri-Cities based regional bank led by home-town organizers that is dedicated to consumers and small businesses."
  
  In other news Shipley reports that the closing has been set for April 13, 2006 to complete the purchase of the property at 425 State Street in Bristol, Va. Plans for the 21,000+ square foot building include a complete renovation of the first floor and the drive up facility for use as the bank's principal Bristol office.
  
  Shipley also announced last week that S. Gregory Compton has been named Chief Lending Officer and President for the Johnson City Market for TriSummit Bank (In Organization).

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  Business Journal - [Cached Version]
  Published on: 10/15/2005    Last Visited: 10/15/2005  

  The announcement was made by TriSummit Bank President and CEO R. Lynn Shipley, Jr.
  
  Regulatory acceptance includes review and acceptance by the Federal Deposit Insurance Corporation.The approval allows organizers to now proceed with the stock solicitation for TriSummit Bank (In Organization), and sale of the stock is expected to commence on or about October 24, 2005 and close on or about Dec. 31, 2005.Opening of TriSummit Bank (In Organization) is projected for the fourth quarter of 2006.
  
  "TriSummit Bank (In Organization) has a number of distinctive features which sets it apart from other community banks in this area," said Shipley.
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  III. The Offering Circulars may be obtained upon request and without cost by writing or calling R. Lynn Shipley Jr., TriSummit Bank (In Organization) or P.O. Box 628 Kingsport, TN 37662-0628; Phone at 423-323-9977 or FAX at 423-323-7909.
  
  IV. Leadership of the bank includes the following highly successful business and community leaders:• R. Lynn Shipley, Jr., President and Chief Executive Officer, and proposed chairman of theboard

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