By selecting this link, you will be leaving www.htb.com and connecting to a site that is not owned or controlled by the HomeTrust Bank. Therefore, the site may offer a different privacy policy and level of security than the HomeTrust Bank web site. While we believe this source is reliable, the HomeTrust Bank does not endorse or guarantee the content, products or services offered by the site, and the site is responsible for its web site content and system availability.
Asheville, North Carolina - HomeTrust Bank Chairman and CEO, F. Edward Broadwell, Jr., has been appointed to serve as President of the Thrift Institution Advisory Council (TIAC) of the Federal Reserve Board for 2010. Mr. Broadwell is one of eleven banking executives selected nationally to serve on the TIAC, an advisory group established by the…
Industrial Federal Bank's name, all its employees, directors, and officers remain unchanged. The HomeTrust Banking Partnership is a unique strategic alternative for mutual savings banks, where each partner maintains their identity while benefiting from the combined strength of all the partners. Industrial Federal will be able to provide customers additional products and services available across…
The initiative includes a new account, the Super Savings Starter Account, that enables customers to transfer up to $250 per month from checking to savings (for a maximum of $3,000 over 12 months) and earn a 6% Annual Percentage Yield. The account also comes with a gift for the kids - a Divvy child's savings…
The HomeTrust Banking Partnership announced today that Industrial Federal Savings Bank of Lexington, NC will join the Partnership. Industrial Federal will be the sixth mutual bank to come together in this partnership; other banks include Shelby Savings Bank, Tryon Federal Bank, Home Savings Bank of Eden, Rutherford County Bank, and HomeTrust Bank of Asheville. Regulatory approval is expected by the end of the year and the Partnership is expected to be completed by January 31, 2010.
The HomeTrust Banking Partnership is a unique strategic alternative for mutual savings banks, where each partner maintains their identity while benefiting from the combined strength of all the partners. Industrial Federal Savings Bank’s name, all its employees, directors, and officers will remain unchanged. President and CEO Sid Biesecker and Director Craig Koontz will also serve on the HomeTrust banking Partnership Board of Directors.
“We are honored to have Industrial Federal join our partnership,” said Ed Broadwell, Chairman and CEO of HomeTrust Bank. “By combining our financial strengths, long term stability, and focus on personal, friendly customer service, we will continue to support full service hometown banking for generations to come.”
Dana Stonestreet, President and COO of HomeTrust Bank noted, “The strong capital of Industrial Federal will increase the HomeTrust Partnership’s core capital ratio from a strong 10% of assets to an even stronger nearly 12% of assets. With over $180 million of capital, HomeTrust will have over 200% of the core capital that regulators require to be well capitalized, which further strengthens our ability to serve the financial needs of our customers and communities.”
Stonestreet continued, “During these economically challenging times, all of our hometown partnership banks are seeing significant increases in new customers and new deposits. We believe it’s because customers are placing more value on long term relationships and caring customer service, provided by our financially strong hometown banks.”
Earlier this year, HomeTrust Bank announced they would NOT apply for the government’s TARP bailout funds. The combined Partnership’s strong capital position does not include TARP funds and represents more capital than any other bank in North Carolina between $1.0 and $2.0 billion in assets (excluding any TARP funds other banks may have received.)
By joining the HomeTrust Banking Partnership, Industrial Federal will be able to offer customers many new products and services such as online banking and bill pay, a full line of banking services for businesses, investment and retirement planning services, advanced technology, and an infrastructure that enhances their financial capabilities. In addition, Davidson County will continue to benefit from continued financial support.
Stonestreet explained that the HomeTrust Banking Partnership is all about each partners’ ability to better respond to all of the changes in financial services while better preserving the hometown values and culture we never want to change.
“With today’s constantly changing technology and regulatory environment, our partnership with HomeTrust will increase our strength and preserve the benefits of hometown banking. Through this partnership we will be better able to compete with the big banks and become the full service hometown bank of choice for Davidson County,” said Industrial Federal Savings Bank President and CEO Sid Biesecker. “All of the banks of the HomeTrust Banking Partnership share our hometown values and culture, so it’s a great fit.”
She and her competitors were honored at a banquet this evening at the Renaissance Asheville Hotel. The selection committee used the following criteria: experience, continuing education, participation in school-based and community activities, innovative approaches to curriculum, an extensive portfolio and a twenty-minute interview. "Underachievement has a long lasting impact on the lives of students and…
The Student Ambassador program is made possible this year with funding from HomeTrust Bank and the HCC Foundation. The student ambassador activities are varied and include conducting recruitment activities such as campus tours, participating in special campus events, making presentations at local high schools, speaking to community businesses, and assisting during registration. In addition, ambassadors…
"Tryon Federal has always been about the mission of supporting this community," says Superintendent of Polk County Schools Bill Miller. "We are proud to be their partner in providing our young people opportunities to learn and grow." The donation will be used to provide numerous items including equipment and some clothing needs according to Hemphill…
"We would like to thank our customers who have been loyal to us over the years and allowed Home Savings Bank to be a part of our wonderful community," stated W. Thomas Flynt, Chairman of Home Savings Bank. "We have certainly seen a tremendous amount of change over the past 100 years and through the…
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…
Rick joined Shelby Savings Bank in 1990 as a Mortgage Loan Officer and has been leading the Bank for the past several years. Rick is a highly visible and valued member of the Shelby community. He is currently active in the following organizations: Cleveland County Chamber of Commerce (Board Member and Leadership Cleveland County Graduate);…
