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 under his leadership from a small institution to one of Tennessee's largest banks, with over $13 billion in assets. His entrepreneurial spirit was evident from a young age, and he dedicated his life to improving the quality of life for Tennesseans through various initiatives, including the establishment of The Ayers Foundation, which has supported over 20,000 rural students in their educational pursuits.

The resolution reflects on Mr. Ayers's character, integrity, and the numerous accolades he received throughout his life, including honorary degrees from several universities and various humanitarian awards. It acknowledges his lasting impact on the civic and educational landscape of Tennessee, as well as his philanthropic efforts that include the creation of several institutions and facilities in the state. The resolution concludes by expressing condolences to Mr. Ayers's family and recognizing the profound legacy he leaves behind.