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Six of the branches are located in Roanoke Valley, two in Danville, one in Martinsville, Virginia, and one in Eden, North Carolina. The acquisition will add approximately $504 million of deposits at a deposit premium of 2.86 percent. In addition to the branches, the Bank will acquire a small amount of loans as part of…
"We're pleased to welcome an experienced commercial banking team to expedite our expansion into Virginia," said Dana Stonestreet, Chairman, President and CEO. "The Roanoke Valley market is a logical expansion to our Piedmont, North Carolina market and provides the opportunity to serve additional businesses in this region." Since HomeTrust converted to stock in July 2012,…
In connection with the acquisition, Jefferson Federal Bank, the bank subsidiary of Jefferson, was merged into HomeTrust Bank. The bank merger results in a community bank with total assets of approximately $2.1 billion and an expanded banking presence for HomeTrust in the Kingsport/Johnson City, Knoxville, and Morristown, Tennessee markets. HomeTrust will continue to operate Jefferson's…
In addition, HomeTrust Bancshares has received all regulatory approvals required for the completion of the merger. The merger is expected to become effective as of May 31, 2014, subject to the satisfaction of customary closing conditions. Based on a May 31, 2014 effective date, each shareholder of the Company will receive merger consideration consisting of…
Lunch and dinner were catered by the Deli at Pelham Falls, and the Picnic & Lemonade theme made for a great time! 'Twist' the Balloon Man kept everyone entertained with his amazing work, and new customers got a taste of HomeTrust's BETTER banking and service. A young party-goer is please with her lemonade and her…
Russ Williams, HomeTrust Bank's Greenville Area Market President, commented on the bank's expansion, "We're pleased to provide additional banking convenience to our growing community. Lydia Shirley, Manager of HomeTrust Bank's Pelham Road Banking Center and her team of experienced bankers are glad to be back, together, in the Pelham Road location." We look forward to…
In announcing these results, Chairman, President and CEO, Dana Stonestreet commented, "Our earnings continue to benefit from a lower provision for loan losses due to a continued positive trend in our asset quality as net loan chargeoffs and classified assets continue to decline. Net loan charge-offs as a percent of average loans decreased to 0.02%…
The money was donated to the Asheville Humane Society's life-saving Foster Care Program, which saved the lives of 1,515 animals in 2013 by providing for animals that were in need of special care outside of the Adoption Center. Generous foster families who donate their time and open their homes to these animals are supported with…
The DCCC Foundation will hold their annual golf tournament fundraiser May 1, 2014 at the Sapona Ridge Country Club in Lexington, NC. Funds raised at the tournament support the college's financial aid programs.
Flexible work options? Paid family leave? Some businesses are more family friendly than others. Some, especially small businesses run by parents, let employees bring their children to work on snow days. And some goes as far as to reimburse parents for the costs of adoption. Jodi Rhoden had to miss a lot of time at…
