published Thursday, July 17th, 2014

Business Briefs: Jim McKenzie to head Chattanooga FirstBank

McKenzie to head local FirstBank

Jim McKenzie, a 13-year banking veteran who joined FirstBank as a commercial relationship manager in 2009, has been promoted to city president for FirstBank in Chattanooga. He will overseee the bank's operations in Hamilton and Rhea County, which includes offices in downtown Chattanooga, near Hamilton Place Mall in East Brainerd and in Dayton, Tenn.

"Jim is committed to delivering the FirstBank value proposition: inspired associates empowered to deliver distinctive customer service and tailored financial solutions to our clients," said Allen Oakley, FirstBank's Middle Tennessee president.

McKenzie, a University of Tennessee at Knoxville graduate, served on the St. Peter's Episcopal School Board for six years and is currently on The Baylor School Parent Alumni Board.

FirstBank is the third largest Tennessee-based bank with assets of more than $2 billion and 54 locations across the Southeast.

Detroit closer to saving art

The Detroit Institute of Arts says it has pledges for about 80 percent of the $100 million it promised toward an effort involving the state of Michigan and major foundations to prevent the sale of art and soften cuts to city retirees during Detroit's bankruptcy.

It announced nearly $27 million in new donations and grants from prominent businesses Wednesday, including $10 million from billionaire Roger Penske and his Penske Corp.

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