NOVEMBER 15, 2016 SHAREHOLDER NEWSLETTER

Sincerely,

John R. Lancaster Chairman & CEO

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Dear Shareholder,

We had an excellent third quarter! As

expected, our operating performance

improved substantially as we moved

beyond the effects of our second quarter

acquisition. Quarterly profits were $902k, a 92% increase over

the second quarter. Our balance sheet is extremely liquid and

poised for loan growth. We plan to provide a more detailed

analysis of the changes in our balance sheet when year-end

financials are available.

During the quarter, we continued our ten-year celebration by

continuing to support and spotlight worthy charities in our

communities. This quarter we focused on The Mt. Juliet Help

Center, Wilson County CASA and Big Brothers of Mt. Juliet.

You will also see in this newsletter where our employees spent

time supporting breast cancer research, veterans and children.

We’re so proud to be able to play a part in so many great

organizations.

Please keep First Freedom in mind when anything financial is

being considered. We love the fact that our largest source of

new business is from existing customer referrals. I also invite

you to check out our website as we have recently made some

major enhancements. Thank you for being a First Freedom

shareholder and please stop by to see us soon.

The most recent trade of First Freedom stock was at $16.50 per share.

PHILLIP VANCE, Relationship Manager for First Freedom, was a guest reader for Pre

K-4 class at Friendship Christian School on Friday, September 23rd. It was in celebration

of Imagination Library Week, a week where individuals from the community are invited

to read in pre-kindergarten classrooms and child care providers across Wilson County.

Imagination Library Week is an initiative of Wilson Books from Birth. Wilson Books from

Birth sends books to children from birth to 5 years old at no cost to families, regardless

of income.

Phillip Vance Reads for Imaginary Library Week

L E B A N O N | 615.444 . 1280P R O V I D E N C E | 615.758 . 1280M T. J U L I E T | 615.754 . 1280

A L G O O D | 931 .537 .2265C O O K E V I L L E | 93 1 .372 .9212G A I N E S B O R O | 931 .268 .2 16 1

F I R S T F R E E D O M B A N K .C O M

MT. JULIET HELP CENTER WILSON COUNTY CASA BIG BROTHERS OF MT. JULIET

Pictured, left to right: JOHN BRADSHAW, President and COO of First Freedom, LINDA PIGUE, Board Member of the Mt. Juliet Help Center, CAROLYN SMITH, Director of the Mt. Juliet Help Center, MATT PILLOW, AVP and Providence Office Manager of First Freedom, BOB CARRIZZO, Board President for the Mt. Juliet Help Center and JOHN LANCASTER, Chairman and CEO of First Freedom Bank.

First Freedom Bank Celebrates 10 YEARS

Pictured, left to right: JOHN BRADSHAW, President and COO of First Freedom, CATHEY SWEENEY, Executive Director of Wilson County CASA, SHELIA FERRELL, VP and Relationship Manager for First Freedom and President Elect for Wilson County CASA and JOHN LANCASTER, Chairman and CEO of First Freedom Bank.

Pictured, left to right: JOHN LANCASTER, Chairman and CEO of First Freedom, C.J. GEORGE and LINDA GEORGE, volunteers for Big Brothers, MATT PILLOW, AVP and First Freedom Providence office Manager, DEBBIE CARREY, Board Member for Big Brothers and JOHN BRADSHAW, President and COO of First Freedom Bank.

FIRST FREEDOM BANK is celebrating 10 years of community service. In honor of 10 years of proud service in the community, the bank has spotlighted 10 very worthy community service organizations. We are proud of all of these organizations and applaud their leadership and vision.

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MATT PILLOW, Assistant Vice President and Providence

Office Manager, has been elected Secretary for Wilson County

Christmas for All. He has been involved with the organization

since 2010.

Wilson County Christmas for All has been operating since

2000. The organization’s aim is to provide help to the less

fortunate at Christmas in Wilson County. Last year they

sponsored 2,050 children and families. They have partnered

with other organizations over the years, including Angel Tree in

Watertown and Big Brothers in Mt. Juliet.

If you would like to make

a donation please e-mail

christmasforall@att.net,

or send a check to

P.O.Box 922, Lebanon

37088. You can also call

Matt Pillow at 615-470-

1632.

Matt Pillow Elected Secretary for Wilson County Christmas for All

Several First Freedom Bank employees participated in the 20TH ANNUAL TENNESSEE BREAST CANCER COALITION Auction Par-tee and Golf

Tournament held August 11th and 12th at Hermitage Golf Course.

October Goes PINK: FFB Volunteers for Annual TBCC event

JOHN HAWKINS, Portfolio Manager, graduated from The Southeastern School of Commercial Lending May 2016.

Established in 1984, the intensive, one-week school concentrates on all aspects of commercial lending. Students

receive more than 45 hours of classroom instruction, discussion and case studies.

First Freedom’s John Hawkins Graduates from Southeastern School of Commercial Banking

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JUDD SELLARS is the owner/operator of Sellars Funeral Home, Sellars Commemorative Solutions, and Sellars Cremation Service in Lebanon, Mt. Juliet and Hendersonville, together with Alexander Funeral Home in Gallatin and Lafayette. He is a native of Mt. Juliet, where his family has been in the ministry for more than seventy years through their service as leaders of the Mt. Juliet Church of God. Mr. Sellars is a graduate of Friendship Christian School in Lebanon and received his degree in Mortuary Science from the John A. Gupton Mortuary College in Nashville. He is a licensed Funeral Director and a licensed Embalmer. Mr. Sellars and his wife Becky (Edwards) have been married for 20 years and have two sons, Storm and Luke, and a daughter, Reese. They are members of the Mt. Juliet Family Worship Center and reside in Lebanon.

WHY DO YOU ENJOY BEING ON THE FIRST FREEDOM BOARD OF DIRECTORS?

“To me, it’s all about relationships. I truly enjoy my fellow board members and the time we get to spend together. We have all drawn close to each other – they are an extended part of my family; they are like brothers and sisters to me. We see each other at board meetings but also at other community functions. I just enjoy the fact that we have grown really close and that we all care for our community.”

WHY IS IT IMPORTANT FOR YOU TO BE A PART OF THE BOARD?

“I think personally, coming on the board when I was 29, I knew right then that it would be a great opportunity, especially knowing that John Lancaster, John Bradshaw and Ken Howell were starting the bank. Being around successful folks like we have on our board, the connections it has enabled me to make and the opportunity it has provided me to give back to the community, has made me a better businessman. It feels

really good to be part of that. The bank has been very successful and I think that reflects well on my business. When I was first asked to be on the board, I thought it was an honor to be involved with so many successful business people in the community.”

WHAT DOES COMMUNITY MEAN TO YOU?

“Community is like family. Our family has been in Wilson County for many years and you know, being in the funeral business, everyone that comes in shares their family stories — they knew my grandfather, they know my dad or uncles — it’s pretty special to be part of that. Community to me really goes back to family.”

WHERE DO YOU SEE WILSON COUNTY GOING IN THE NEXT FEW YEARS?

“I think that overall Wilson County is probably in better position than any other county surrounding Nashville. There are so many people moving here from all over the US, it’s a destination place. I think it’s obvious with all the new schools and housing developments that this growth is not going to stop any time soon. The future is bright for Lebanon, Mt. Juliet and also for surrounding counties like Sumner or Putnam. Putnam County is a hot spot right now and seems to serve as a hub for the whole Upper-Cumberland region. I am glad that the bank has made a significant investment in our three new offices there too; it can only further help the continuous development of those communities.”

FFB Director Spotlight: Judd Sellars

First Freedom Bank was a hole sponsor for Del Webb’s Veteran’s Club golf tournament. The event was held on September 16th at Mt. Juliet’s Windtree Golf Course.

All proceeds benefit BattleFlag Farms, which serves PTSD survivors and their families, giving them a retreat (and provides counseling services) to cope with the everyday stress of life after combat.

Pictured at the event are Providence office employees KACEY NIEVES, CSR, and MATT PILLOW, AVP and Office Manager.

First Freedom Bank Sponsors Veteran’s Club Woman of Wilson NamedCHRISTEN RABE, Mortgage Origination Officer for First Freedom Bank was featured in an article on the Wilson Post as “Woman of Wilson”. Every week the newspaper shares some insight on women that make a difference in our community. If you would like to read about Christen, go to the following link: http://wilsonpost.com/news.php?viewStory=88748

“…. being in the funeral business, everyone that comes in shares their family stories — they knew my grandfather, they know my dad or uncles — it’s pretty special to be part of that. Community to me really goes back to family.” — JUDD SELLARS

FIRST FREEDOM BANK1620 West Main StreetLebanon, Tennessee 37087