Andrew Johnson Bank will occupy the old Cherokee Valley Bank building at 555 N. Ocoee St. in downtown Cleveland., according to Michael Thomasson, senior vice president and Andrew Johnson executive of Bradley County, said.

The branch took temporary residence at 440 N. Ocoee St. in January as a loan production office and will maintain that status until July when it will begin taking deposits.

“The move gives us a facility with more space and better accommodations to serve our customers,” states Thomasson.

“We want to be located in the heart of Cleveland’s historic district and support the community from a downtown location. Andrew Johnson Bank is a community bank that serves a hometown environment with old-fashioned personal service and modern financial products. We are looking forward to opening a full-service depository branch in July and supporting local businesses and families of the Cleveland and Bradley County area.”

Bill Hickerson, president and chief executive officer of Andrew Johnson Bank expects the Cleveland office to open for deposits in July.

“We have selected Cleveland and Bradley County for our next expansion because we feel like it is an excellent community and a growing market made up of quality people similar to the communities that we are in now. We were able to hire a quality staff headed by Mike Thomasson who is an outstanding banker and embraces our philosophy of relationship banking,” said Hickerson.

Headquartered in Greeneville, Andrew Johnson Bank is a privately owned community bank chartered in 1975 with assets of approximately $256 million.

The bank has seven other full service offices located in Greeneville, Morristown, Jonesborough and Johnson City.

In addition, the Bank provides wealth management and insurance services through its subsidiary, Andrew Johnson Insurance Services. Since the Bank is privately owned, its stock is not publicly traded.