United Tennessee Bankshares, Inc. is the holding company for Newport Federal Bank (the Bank). The Company's business activities are conducted through its subsidiary, the Bank. The Bank provides a range of financial services to individuals and corporate customers through over three offices in Newport, Tennessee. The Bank's principal business consists of accepting deposits from the general public through its main office and branch offices then investing those funds in loans secured by one- to four-family residential properties located in its primary market area. The Bank offers a range of products, including personal banking, business banking and lending products. The Bank's services include Internet banking, credit cards, sweep accounts, notary services and others. The Bank offers residential real estate loans, construction and land loans, commercial real estate loans, commercial and industrial loans, and consumer loans.