Jim Clayton, founder and stakeholder of Clayton Bank and Trust, serves as a director, Vice-Chairman and Chief Executive Officer of Clayton BanCorp, Inc., a $706 Million multi-bank holding company in Knoxville, Tennessee.
Mr. Clayton founded Clayton Homes, Inc. in 1956 and served as Chairman, President, and CEO for 40 years. He was lauded by NYSE, Forbes, Barons, and the Wall Street Journal for producing 30 consecutive years of 25% earning growth until selling to Warren Buffet in 2003.
He founded BankFirst in 1993, a group of banks in East Tennessee, and served as its Chairman. After taking BankFirst public in 1998 at $800 Million, he sold it to BB&T in 2000. At BB&T (Winston Salem), Mr. Clayton served on the board of Directors, chaired the Executive Committee, and acted as Chairman of the Tennessee BB&T Board until December 2004.
Mr. Clayton was inducted into the Horatio Alger Organization of Distinguished Americans in 1991. He has been listed in the Forbes 400 list of Wealthiest American ten times beginning in 1991. Mr. Clayton holds degrees in Engineering and Law from the University of Tennessee, as well as several honorary degrees. He is a director of MidCountry Financial, served on the board of Dollar General Corporation, (NYSE, DG), and numerous other for profit and non-profit organizations.