Putnam 1st Mercantile Bank is a bank based in Cookeville, Tennessee, established in 2005, with $177 million in total assets across 3 branches. By Trust Grade it ranks 63rd of 109 banks we track in Tennessee. Its capital ratio of 9.4% trails most similarly sized banks (36th percentile), versus a Tennessee median of 9.8%. It was profitable over the most recent period, with a 1.82% return on assets. No consumer complaints against Putnam 1st Mercantile Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Putnam 1st Mercantile Bank compares to Tennessee peers
How we graded Putnam 1st Mercantile Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.4% capital ratio)
- Strongly profitable (ROA 1.82%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Putnam 1st Mercantile Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 200 W Jackson St, Cookeville, TN 38501
- 860 E 10th St, Cookeville, TN 38501
- 322 Main St, Baxter, TN 38544
Are deposits at Putnam 1st Mercantile Bank insured?
Yes. Putnam 1st Mercantile Bank is an FDIC-insured bank (FDIC certificate #58079). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Putnam 1st Mercantile Bank: frequently asked questions
Is Putnam 1st Mercantile Bank a good bank?
Putnam 1st Mercantile Bank earns a Bankzia Trust Grade of A (95/100, "Excellent"), based on a financial-strength score of 95/100 (it has no CFPB complaints on record). Strongly capitalized (9.4% capital ratio); Strongly profitable (ROA 1.82%).
Is Putnam 1st Mercantile Bank FDIC-insured?
Yes. Putnam 1st Mercantile Bank is a FDIC-insured bank (FDIC certificate #58079). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Putnam 1st Mercantile Bank?
Putnam 1st Mercantile Bank holds $177 million in total assets, ranking 63rd of 109 banks we track in Tennessee. It operates 3 branches.
Does Putnam 1st Mercantile Bank have CFPB complaints?
No CFPB complaints against Putnam 1st Mercantile Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
