Senate Joint Resolution 402 honors the memory of James W. "Jim" Ayers, a prominent figure in Tennessee known for his significant contributions to banking, philanthropy, and rural community development. Mr. Ayers founded FirstBank, which grew from a small institution to one of Tennessee's largest banks under his leadership. He was deeply rooted in the values of hard work and generosity, which he learned from his parents. His entrepreneurial spirit was evident from a young age, and he went on to establish a successful career in healthcare before venturing into banking. Additionally, he founded The Ayers Foundation to enhance the quality of life for Tennesseans through education and social welfare, impacting over 20,000 rural students.

The resolution reflects on Mr. Ayers's extensive philanthropic efforts, including support for various educational institutions and healthcare initiatives, such as the Ayers Institute at the Vanderbilt-Ingram Cancer Center. His legacy is further honored through the naming of the new Jim Ayers Tower at Vanderbilt University Medical Center, set to open in 2025. The resolution concludes by expressing condolences to Mr. Ayers's family and recognizing his exemplary character and commitment to public service, making it fitting to remember his life and contributions to the state of Tennessee.