“HomeTrust Bank’s financial health and performance has never been better,” stated F. Ed Broadwell, Jr., Chairman and Chief Executive Officer of HomeTrust Bank. “During a time in which a few banks, investments companies, and mortgage brokers are facing challenges from risky lending practices, HomeTrust Bank has maintained a disciplined management philosophy centered on providing home loans that are stable and affordable. This approach has protected our bank – and more importantly, our customers – from the recent subprime-mortgage crisis. We continue to lend money to our friends and neighbors and businesses in our local communities under the sound underwriting principles we have always used.”
The independent rating agency of Bauer Financial gave HomeTrust Bank its highest 5-star rating as of the most recent quarter-end. Other independent rating agencies of community banks also give HomeTrust Bank high marks.
“Conservative and responsive risk management practices have served us well as our loan portfolio is stable, our delinquencies are well below industry standards, and our credit quality is very strong,” stated Dana L. Stonestreet, President and Chief Operating Officer. “All of this has generated record levels of deposits, loans, capital, and new customers, positioning HomeTrust Bank for continued growth, financial soundness, and stability. We have served this community for over 80 years, while many banks have come and gone. And, we will be here proudly serving our neighbors for generations to come.”
About HomeTrust Bank
HomeTrust Bank is a mutually owned bank with an 82-year history of serving families and businesses in Western North Carolina. HomeTrust Bank offers 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.
HomeTrust Bank, along with Tryon Federal Bank, Shelby Savings Bank, Home Savings Bank and Rutherford County Bank, comprise the HomeTrust Banking Partnership. By combining their resources in Partnership, each member institution has expanded their ability to provide new products and services, more convenient locations, and greater support for their local communities while preserving their hometown banking traditions.
Together, the HomeTrust Banking Partnership has assets of over $1.3 billion and is the largest mutual bank headquartered in North Carolina and the 2nd largest in the Southeast.
HomeTrust Bank (formerly named Clyde Savings 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.
