Frank Beam commented, “I’m pleased to recognize Rick’s successful leadership of Shelby Savings Bank and announce his election to the Shelby Savings Bank Board. Rick’s financial services experience and knowledge of the Cleveland County market will be an additional asset to the board in achieving continued planned growth for our strong hometown community bank.”

Rick Washburn joined Shelby Savings Bank in 1990 and was named Regional Executive and President in June 2009. He is a native of North Carolina and has 31 years of banking experience in Cleveland County. He graduated from Gardner-Webb University and is a board member of the Cleveland County Chamber of Commerce, Home Builders Association of Cleveland County and Mortgage Bankers of the Carolinas.

Shelby Savings Bank, along with HomeTrust Bank, Tryon Federal Bank, Industrial Federal 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. Shelby Savings Bank has been serving Cleveland County for over 100 years and is one of the strongest hometown banks in North Carolina.