A Morristown native was recently appointed to the Board of Directors of a Lakeway Area banking institution.
In May, Cynthia Stinnett was elected the ninth member of Newport Federal Bank’s Board of Directors. She is the first woman to ever serve as a director for the bank.
The daughter of Darlene Bunch, and the late Michael Bunch, of Morristown, Stinnett is a graduate of Morristown-Hamblen High School West. She received her associate degree from Walters State Community College, her bachelors from East Tennessee State University and her masters degree from Carson-Newman University. All degrees were in education.
Newport Federal Bank President and CEO Chris Triplett feels as though Stinnett “represents the bank extremely well,” due to her community connections and personality.
Though Stinnett did not have previous experience in the banking industry, she spent 18 years as an educator, a large portion of which was spent at Newport Grammar School. This enabled her to make strong community connections.
For the past several years she has been heavily involved with her husband’s car dealership, Stinnett Chevrolet-Jeep, in Newport. The dealership is a second-generation business that has continued to serve the community for more than 50 years. She also assists in operations at her parents’ business, Douglas Lake Campground.
Business dealings were not a mystery to Stinnett, and this is part of the reason why Newport Federal felt as if she would be an excellent fit to the board. Bill Myers, the current chairman of the board, was the one who initially suggested Stinnett to the board.
Myers felt as though Stinnett would be a good fit due to her being, “intelligent and eager to learn,” and also her prior business experiences and devotion to the community.
Newport Federal Bank is completely locally owned, meaning that they take pride in employing, and taking advice from those living in the area. Due to this, the board members often act as community loudspeakers for the bank. They bring forth new ideas and represent different facets of the community. What comes with the responsibility is an unspoken expectation that the board members are active in the community at large.
The expected level of activity was not surprising, nor extraneous, to Stinnett after her appointment, as she was already extensively involved in church activities. Fellowship of Christian Athletes, Boys and Girls Club, Cruising for Cancer and Samaritan’s Purse are some of the causes dear to her heart.
Overall, Stinnett has found the board to be “extremely supportive, and welcoming”, and open to helping her get used to various expectations of a bank board member. Stinnett brings with her a wealth of knowledge from her various positions that will serve her well in her new endeavor.