Weeks after the Regions Bank withdrew its sponsorship of the Tennessee Walking Horse National Celebration, event management has announced that another financial institution, along with the Tennessee Walking Horse breed registry will become the sponsors for the high profile exhibition.

Last month, Jeremy D. King, vice president of corporate communications for Regions Financial Corporation, said Regions Bank had withdrawn its celebration—a high-profile exhibition event which takes place each August in Shelbyville, Tennessee—sponsorship for corporate business reasons. The withdrawal was the second since 2012 when PepsiCo withdrew its celebration sponsorship following an ABC News report on soring.

At the time of the Regions announcement, Michael Inman, chief executive officer of the Tennessee Walking Horse National Celebration, said that the bank's withdrawal “opens the opportunity for another financial institution to step in.”

On July 10, Celebration spokesman Rob Hoskins said the event would partner with the First Community Bank of Bedford County. Under that partnership, the bank will become the event's premier sponsor and the first Saturday night of the 2014 celebration will be designated First Community Bank of Bedford County Night