Mr. Stonestreet is one of twelve banking executives selected nationally to serve on this newly appointed advisory committee and will serve a two year term. The MSAAC meets three times a year to develop recommendations for the OTS to consider regarding regulatory changes or other steps that may be taken by the OTS to ensure the continued health and viability of mutual savings associations.
Mr. Stonestreet has been an advocate for mutual institutions for more than thirty years. He joined HomeTrust Bank in 1989 as Executive Vice President and Chief Financial Officer and was named President and Chief Operating Officer in 2008. He currently serves on the American Bankers Association Mutual Institutions Advisory Committee and the Board for the North Carolina Bankers Association.
“I am honored to have been selected for this important new OTS Advisory Committee and look forward to the opportunity to continue to advocate for Mutual Institutions,” commented Dana Stonestreet. “Mutually chartered institutions do not have stockholders, so we can focus on serving Main Street instead of Wall Street – serving our customers and communities instead of stockholders, for generations to come.”
About HomeTrust Bank
HomeTrust Bank is a mutually owned bank with an 83-year history of serving families and businesses in Western North Carolina. HomeTrust Bank offers a variety of home loans, consumer loans, checking accounts, Online Banking, and a broad range of investment options to help families build a secure financial future. The Bank also offers a full array of financial products designed especially for businesses.
HomeTrust Bank, Tryon Federal Bank, Shelby Savings Bank, Home Savings Bank and Rutherford County Bank comprise the HomeTrust Banking Partnership. By combining their resources in Partnership, member institutions have expanded their ability to preserve hometown banking traditions with improved products and services, more convenient locations, and greater support for their local communities.
Together, the HomeTrust Banking Partnership has assets of over $1.4 billion and is the largest mutual bank headquartered in North Carolina and the 2nd largest in the Southeast.
HomeTrust Bank has offices in Buncombe, Henderson, and Haywood Counties. Tryon Federal Bank, Shelby Savings Bank, Home Savings Bank and Rutherford County Bank have offices in Polk, Cleveland, Rockingham and Rutherford Counties, respectively.
