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Perdue leaves First National

The board of directors of First National Bank yesterday announced the resignation of its president, John W. Perdue. The resignation was effective Aug. 5.

Perdue cited family considerations as the reason for his resignation. He and his family had been residents of Athens, Tenn., for over 25 years before moving to McMinnville. Since moving here, his son and grandchildren have returned to Athens and the recent death of his father-in-law has increased the need for Mrs. Perdue to be near her mother.

“This was a difficult decision to make because First National Bank of McMinnville is a fine organization with excellent employees and I appreciate having had the opportunity to work with each of them,” said Perdue. “I want to thank the board of directors of First National Bank for their kindness and support during my time here. I wish for the staff and the directors the very best.”

First National Bank’s chairman and CEO Charles Jacobs said, “On behalf of the board and staff of our organization, I want to thank John for his contributions to our bank. While we are disappointed in his decision, we understand his rationale. The happiness of our family is of utmost importance to each of us.”

Perdue will continue his banking career in Athens.

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