Clayton Bank     
Clayton Bank

About US

Board of Directors

James L. Clayton
Clayton Bancorp, Inc.
Chairman / Principal shareholder

Jim Clayton, Chairman of Clayton Bancorp, a $1.3 billion multi-bank holding company, is proud to call Knoxville, Tennessee home. In 1956, Jim along with his brother Joe, founded Clayton Automobiles. Clayton Homes “CMH” came soon after where Jim served as Chairman, President, and CEO for over 4 decades. Mr. Clayton built the CMH team, lauded by the NYSE, Forbes, Barons, and the Wall Street Journal for 30 consecutive years of 25% annualized earnings growth.
Warren Buffet purchased Clayton Homes in 2003 and Jim’s son, Kevin Clayton continues to serve as CEO at the helm.

Jim led investors to establish BankFirst in 1993, a family of banks in East Tennessee. Serving as Chairman and majority shareholder, Jim orchestrated the public offering of BankFirst in 1998, an $800 million IPO. BankFirst was acquired by BB&T in 2000. At BB&T, based in Winston Salem, NC, Jim served on the Regional Board of Directors, and chaired the Executive Committee until December 2004.

In 2002 Jim purchased First State Bank, followed by the purchase of American City Bank in 2004, and the launch of Clayton Bank and Trust in 2005. Jim is 100% shareholder of the bank holding company, Clayton Bancorp, that has grown to 29 locations, and boasts $1.3 billion in assets.

From humble beginnings to the list of Forbes 400 Wealthiest Americans, Jim was honorably named a 1991 award recipient by the Horatio Alger Association of Distinguished Americans. Mr. Clayton holds degrees in Engineering and Law from the University of Tennessee and several honorary degrees.

Living his dream, philanthropist Jim established the Clayton Foundations, which have awarded over $40 million to hundreds of charitable organizations, and will carry on, giving back for generations to come.
B. Joe Clayton
Clayton Auto Companies

B. Joe Clayton began his career in the automotive business 50 years ago in 1957. Since then, he has owned and operated both new and used car stores in Knoxville, TN and Columbus, GA. He currently operates Clayton Volvo, Columbus Motor Company, Mercedes Benz of Columbus, and several used car stores.

In addition to his dealership operations, Mr. Clayton has served as a director of Valley Fidelity Bank and Trust from 1986 until 1991, when Valley Fidelity Bank and Trust was acquired by First Tennessee Bank. Mr. Clayton remained a director with First Tennessee Bank until his retirement in 2005. He is currently a director at both Clayton Bank and Trust and Clayton BanCorp, Inc.

Mr. Clayton has also been part of the manufactured home business. He was a director of Clayton Homes from its inception until the sale to Warren Buffett in 2003.
Kevin Clayton
Clayton Bancorp, Inc.
Vice-Chairman / Principal shareholder

Kevin Clayton began his housing career at seven setting up and refurbishing manufactured homes after school and continued working every summer to learn all he could about the business. A graduate of James Madison University with an MBA from the University of Tennessee, Kevin worked in and led each of the five business groups before transitioning to CEO in 1999, leading the most dynamic management team in housing.

Kevin was pivotal in closing the sale of Clayton Homes to Berkshire Hathaway Inc. in 2003, with the entire manufactured housing industry benefiting from the credibility of Warren Buffett’s Berkshire Hathaway. Warren Buffett stated "The driving force behind the company's success is Kevin Clayton. (He) knows the business forward and backward, is a rational decision-maker and a joy to work with."

Blending work and play, and sometimes confusing the two, Kevin is a commercial-rated jet pilot and enjoys flying a variety of aircraft, a skill that serves both his business needs and his adventurous nature. Kevin serves on various boards, including Ruby Tuesday and is an active philanthropist. He and his wife, Chelly, have one child, Ella, who turned nine in April.
Tim Williams
21st Mortgage
President and CEO

Tim Williams is co-founder, President and Chief Executive Officer of 21st Mortgage Corporation, owning a $4.8 billion dollar loan portfolio. 21st Mortgage is the highest volume lender in the manufactured home industry. Tim was employed from 1974 until September 1995 by Clayton Homes, Inc. He served on the Executive committee of Clayton Homes and President of Vanderbilt Mortgage and Finance until he left in 1995 to start 21st Mortgage. In 2003 21st Mortgage was acquired by Clayton Homes, acting on behalf of Berkshire Hathaway.

Some of his other affiliations include: Director Choice Data Consumer Services, Board Member of Knoxville Symphony Society, Director Knoxville Zoological Gardens, Board member of the Knox Area Chamber of Commerce, past Director of BankFirst, and past Chairman of the Manufactured Housing Institute Financial Services Division. In 2007 Tim was selected for Leadership Knoxville.

Tim holds a degree in Accounting and an MBA, both from the University of Tennessee, and both acquired while working full time at Clayton Homes. Tim is married to the former Amy Branscom, and has two children, and four beautiful grandchildren. His son, Wayne Williams is a Sr. Credit Manager at 21st. Tim is a multi-engine, instrument-rated pilot. For recreation he enjoys scuba diving, running, tennis, and is a big fan of UT’s major sports.
Raja Jubran
Denark Construction, Inc.

Raja J. Jubran, founder, Chief Executive Officer, and 50% stockholder of the Company, has led the management team of Denark Construction, Inc., a general contracting and engineering company, since its incorporation in 1985.
Mr. Jubran earned his degree in Civil Engineering from The University of Tennessee, Knoxville. Overall direction of the firm, pursuit of its vision, and adherence to its mission are top priorities for Mr. Jubran, although, as Chief Executive Officer, he regularly reviews the activities and decisions of all divisions.

He maintains a broad overview of the operation of the firm and, along with the rest of Denark’s team, assures each project's ultimate success. Mr. Jubran has managed teams constructing public facilities, high-tech industrial plants, convention centers, medical offices, warehouse and distribution centers, shopping centers, multi-family, and other commercial projects. Active involvement in improving the community is an important objective for him as well.

Mr. Jubran currently serves on the Clayton Bancorp Board of Directors, the Knoxville Symphony Orchestra Board of Directors, the UT College of Engineering Board of Advisors, the Maryville College National Advisory Council, and is current Chairman of Leadership Knoxville Board of Directors. He is a Past Chairman of the Knoxville Area Chamber Partnership Board and Past Chairman of the Investors Council of the Jobs Now! Campaign for Economic Development, and has chair other community and non-profit boards.

Mr. Jubran was named one of the 2005 Business Hall of Fame Laureates by Junior Achievement of East Tennessee, and in 2004, received the Nathan W. Dougherty Award from The University of Tennessee College of Engineering. He and his wife, Michelle, have two sons, Omar and Nadim.
Wallace McClure
Mcclure Realty
President and CEO

Native from Knoxville, TN, and was born on July 9, 1930. Mr. McClure attended the Grammar School and Junior High School in Washington, D. C., as his father was Chief of the Treaty Division, U.S. Department of State. After relocating to Knoxville he graduated from Knoxville High School, and the University of Tennessee, B.S. 1950.

After receiving his U.S. Army Commission, he served as a 1st Lieutenant in the Transportation Corp., in Germany, 1950-1953.

His Real State career includes, as a Realtor, primarily developing, being Western Plaza Shopping Center, and in Home building, Lovell Hills, Fox Run Wentworth, Ashley Oaks and Campbell Station Villas.

Wallace and his wife, Patsy, have one son, Wallace B. (Wally) McClure who is a Webb School and Georgia Tech, B.S., M.S. graduate, a Software developer, President of Scalable Development, developer of the Web Site "Happy Mappy", and develops applications for the US Department of Education, Office for Civil Rights, Washington, D.C.
Rich Ray
21st Mortgage

Rich Ray is co-founder and Chief Financial Officer of 21st Mortgage Corporation since its inception in 1995. Rich was employed from 1982 until 1994 by Clayton Homes, Inc where he served as Executive Vice President and Chief Financial Officer. Rich spearheaded the initial public offering of Clayton Homes in 1983.

Some of his other affiliations include: Director of Radio Systems, Inc, Director and Member of Executive Committee of Knox Housing Partnership 1986 – 1998. Rich has an Accounting degree from the University of Tennessee. He is a native of Knoxville and together with his wife Jane has four children and 8 grandchildren.
Norman McRae
Caris Healthcare, L.P

Norman McRae has been an executive in the field of hospice for the past 22 years. He started his career as a pastoral counselor at Hospice of the Bluegrass, Lexington, Kentucky. He founded the not-for-profit Hospice of Hope in Maysville Kentucky in 1990 which received Medicare certification within six weeks of opening. It was also the first hospice to achieve JCAHO accreditation in both Kentucky and Ohio.

In 1997 Mr. McRae joined Housecall Medical Resources, a publicly-traded company with operations in five states. As Chief Operating Officer, he reported to the CEO with full Profit and Loss, cash flow, and volume responsibilities for the company’s hospice, respiratory therapy/home medical equipment, and infusion divisions. He successfully led the hospice division through a financial turnaround by converting a negative contribution into a 20+% positive contribution.

Norman McRae found Caris Healthcare, L.P. in 2003, as a 50/50 joint venture with National Healthcare. The vision for Caris was to build a company that provides world class hospice services. Mr. McRae’s extensive hospice expertise has enabled him to rapidly expand the business to service the entire state of Tennessee out of seventeen locations. A milestone for Caris was winning the prestigious Tennessee Center for Performance Excellence Award in 2008.

Mr. McRae served on the board of directors of the National Hospice and Palliative Care Organization from 1997 to 2002. He has published articles in such periodicals as The Journal of Oncology Management and has been a featured speaker at numerous conferences and seminars. He holds a Bachelor of Arts degree from Mars Hill College, a Master of Divinity from The Southern Baptist Theological Seminary, and a Master of Public Administration in Healthcare from the University of Kentucky. He is married and has one daughter.
Mark Freeman

Mark C. Freeman, CPA and Tax Consultant, retired from Clayton Bank and Trust in June 2014. Mark served the Bank as VP, Senior Trust Officer and supported the Clayton Family and Clayton Foundations with tax and accounting guidance.

Mark graduated from the University of Tennessee with a Bachelor of Arts in Business Administration (1997) and a Master of Accountancy, Tax Concentration (1999). Earning his CPA license in 2000, Mark began his career with Arthur Andersen, LLP in the SourceOne Tax Consulting Group of the Memphis, TN office. Mark came home to Knoxville in the Spring of 2002, returning to Pershing Yoakley and Associates, where he interned during college. In 2007, Mark joined Jim Clayton’s Family Office team as VP Tax and CAO.

Mark currently serves as Treasurer for the Sequoyah Elementary Foundation. He is a former Regional Coach Administrator for AYSO Region 279 and a past Treasurer for the KAMA.

Mark is married to Dr. Nikki Freeman, Associate Dean of Professional Programs at South College School of Pharmacy. They have four active children and spend many weekends cheering on the kids at soccer tournaments, gymnastics competitions and swim meets.

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