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Shelby Savings Bank-Board of Directors Names Rick Washburn, President of Shelby Savings Bank

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);
  • Home Builders Association of Cleveland County (Treasurer and Board Member);
  • Mortgage Bankers of the Carolinas (Board of Directors);
  • Shelby Housing Development Corporation (Board Member);
  • Shelby Planning & Zoning Board (Vice Chairman);
  • The Ascension Lutheran Church (Past Chairman of Church Council); and
  • Civitan Club of Shelby (Past President and former Civitan of the Year).

Rick credits the hard work and success of the entire Shelby Savings Bank team in making his promotion possible. Shelby Savings Bank is proud of Rick’s accomplishment and looks forward to him leading the banking team in Shelby to new heights.

Shelby Savings Bank is a mutually owned bank with a 104-year history of serving families and businesses in Cleveland County. Today, Shelby Savings continues to grow and thrive, serving its community. This is demonstrated over the past year by deposit growth of 13%, and total loans originated of $42 million, which is an increase over last year. In 1998, Shelby Savings Bank joined the HomeTrust Banking Partnership in order to offer expanded products and services allowing them to be more competitive. HomeTrust Bank, along with Tryon Federal Bank, Shelby Savings Bank, Home Savings Bank and Rutherford County Bank, comprise the HomeTrust Banking Partnership. The combined resources of each member institution provides for new products and services, more convenient locations, and greater support for local communities, while preserving hometown banking traditions. Together, the HomeTrust Banking Partnership has assets of over $1.5 billion and is the largest mutual bank headquartered in North Carolina and the 2nd largest in the Southeast.

HomeTrust 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.