The Horace and Sara Dunagan Chair of Excellence in Banking

Tom Payne

Thomas H. Payne, Ph.D. is Professor of Finance and Horace and Sara Dunagan Chair of Excellence in Banking at the University of Tennessee at Martin. Dr. Payne holds a B.S. in Electrical Engineering from the University of Arkansas, an MBA with a concentration in Finance from the University of Texas at Dallas, and a Ph.D. in Finance from the University of Arkansas.

Since coming to academia from the private sector where he worked for two Fortune 500 companies, Dr. Payne has published over 30 peer-reviewed articles and has earned a reputation as an outstanding speaker, author, teacher, and consultant.

An avid proponent of experiential learning, Dr. Payne connects students to careers through a variety of travel study, internship, and professional activities. Tom has served as a visiting professor at the University of Orléans (France) where he taught Financial Analysis and Risk Management; partnered with the Financial Services Volunteer Corporation to assist the Savings Bank of Albania during its privatization; and, in 2005, hosted a lending and risk management program for Russian bank executives. Dr. Payne served as Interim Chair of Accounting, Finance, Economics and Political Science from 2007-2013. He served in a leadership role in the establishment and delivery of UT Martin’s acclaimed online MBA focusing on Banking and Financial Services Professionals. In 2013, this highly successful program was ranked number ten in the nation among all online MBAs by U.S. News & World Report.

Dr. Payne provides conferences, hosts seminars, and sponsors speakers on the UTM campus. Tom is a frequent speaker to professional organizations and serves on the faculty of the Barret Graduate School of Banking in Memphis, the Tennessee Bankers Association Southeastern School of Consumer Credit, and the Graduate School of Banking at LSU where he was recently honored as the 2013 Outstanding Faculty Member. Since 2002, Dr. Payne has hosted the highly successful MidSouth Agricultural Lending Conference and is co-director of the new Mid-South School for Advanced Agricultural Lending.

A leader in regional economic development, Tom serves as chairman of the Martin Industrial Development Board and on the Weakley County Economic Development Board of Directors. He served on the WestStar Leadership Program Board of Trustees from 2011-2013 and was founder of the UT Martin Regional Entrepreneurship and Economic Development (REED) Center. Now affiliated with the Tennessee Small Business Development Center Network, the UTM REED Center supports small business growth and economic development throughout Northwest Tennessee.

Tom is a past president of the Martin Rotary Club and the Southwestern Finance Association. He and his wife Amy have two daughters, Rachel, a UTM graduate and CPA in Franklin, Tennessee, and Rebekah, who is a senior finance major at UTM.


216 Business Administration Building
Martin , TN 38238
Phone: 731.881.7324
Fax: 731.881.7323


Jennifer Schlicht

Program Resource Specialist to the Dunagan Chair


Phone: 731-881-7350 

Fax: 731-881-7323



Courses Taught

FIN 341 Financial Markets and Institutions, Fall

FIN 351 Commercial Banking, Spring

FIN 332 International Finance (Travel Study to London, Paris and Universite de Orleans) Spring Semester only

FIN 721 Banking and Financial Services, Online MBA - Summer

Online MBA for Banking Professionals



College of Business and Global Affairs

Tennessee Bankers Association

Regional Entrepreneurship and Economic Development Center (REEDC)

Barret School of Banking

LSU Graduate School of Banking

 Mid-South Agricultural Finance Conference 

Mid-South School of Advanced Agricultural Lending

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