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. In addition to his business achievements, Mr. Ayers founded The Ayers Foundation, which has positively impacted over 20,000 rural students in Tennessee by supporting their educational aspirations.

The resolution also highlights Mr. Ayers's extensive philanthropic efforts, including contributions to various educational institutions and the establishment of several health and educational facilities. His legacy is further commemorated by the naming of the new tower at Vanderbilt University Medical Center after him, set to open in 2025. The resolution expresses condolences to Mr. Ayers's family and reflects on his exemplary character, integrity, and dedication to public service, recognizing the profound impact he had on the lives of many Tennesseans.