“Having previously worked in Rutherford County for many years, I am looking forward to reconnecting with many of my former customers and establishing new relationships with local businesses and individuals,” stated Jerry Johnson, President of Rutherford County Bank.
“Rutherford County Bank is a mutual institution, meaning there are no stockholders. This unique business structure enables Rutherford County Bank to focus 100% of our resources on our customers, the Rutherford County market, and our employees,” stated Johnson. “As a mutual bank we also are committed to the long-term success of the bank without encountering pressure from stockholders to sell the bank for financial gain. Our commitment to Rutherford County begins today and will remain our driving focus for years and decades to come,” added Johnson.
Two directors, in addition to Jerry Johnson, have already been announced. The new directors include Brent Washburn, owner of Washburn Associates, and Odean Keever, owner of Odean Keever & Associates. Brent Washburn, also an elected County Commissioner for Rutherford County, commenting on the new bank stated, “It is very important to have local banks, focused on supporting our local business, as we build the local economy. Growth of small, locally owned business is the greatest single source of job creation. Jerry Johnson, with his many years of banking experience, will have a major impact on the continued growth and development of the Rutherford County economy.” Odean Keever recognized the opportunity for Rutherford County Bank to support the housing market in Rutherford County. Keever stated, “Rutherford County Bank will be a supplier of funds for real estate development and mortgage financing to build or purchase homes.” Bill Hall, Executive Director of the Rutherford County Chamber of Commerce, welcomed Rutherford County Bank to the local business community. “Banks are in a unique position to stimulate economic growth, expressed Hall. “We are glad to welcome Rutherford County Bank to this community.” Rutherford County Bank is a member of the HomeTrust Banking Partnership, which also includes Tryon Federal Bank, Shelby Savings Bank, HomeTrust Bank in Asheville, and Home Savings Bank in Rockingham County. The Banking Partnership allows each member institution to maintain its own identity and local decision-making, while combining resources to achieve common goals and preserve hometown banking. As a member of the Partnership, Rutherford County Bank has the capacity to offer commercial real estate loans as large as $19 million.
The new Rutherford County Bank office will be open Monday through Thursday from 9:00 a.m. to 5:00 p.m and on Fridays from 9:00 a.m. until 6:00 p.m. (drive-thru opens at 8:30 a.m. weekdays).
About Rutherford County Bank
Rutherford County Bank is a mutually owned bank offering a variety of home loans, consumer loans, Better-Than-Free 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.
Rutherford County Bank is a member of the HomeTrust Banking Partnership, which also includes HomeTrust Bank, Tryon Federal Bank, Shelby Savings Bank, and Home Savings Bank. The Banking Partnership allows each member institution to maintain its own identity, while combining resources to achieve common goals and preserve hometown banking in their local communities. As a member of the Partnership, Rutherford County Bank has the capacity to offer commercial real estate loans as large as $19 million.
Together, the HomeTrust Banking Partnership has assets of nearly $1 billion and is the largest mutual bank headquartered in North Carolina and the 2nd largest in the Southeast.
Rutherford County Bank has offices in Rutherford County. Tryon Federal Bank, Shelby Savings Bank, and Home Savings Bank have offices in Polk, Cleveland and Rockingham Counties, respectively. HomeTrust Bank (formerly named Clyde Savings Bank) has offices in Henderson, Haywood, and Buncombe Counties. Additional information is available at www.hometrustbanking.com.
