Daily News: June 9, 2014

HomeTrust Bank to Open Commercial Loan Production Office

HomeTrust Bancshares, the holding company for HomeTrust Bank, announced that the Bank will open a Commercial Loan Production office in downtown Roanoke on June 30, 2014. This HomeTrust Loan Production office, located at 316 Jefferson Street, will serve the Roanoke Valley with commercial banking and lending services. The Bank intends to further develop its market presence in this area by adding full service banking offices in the near future.

“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, NC market and provides the opportunity to serve additional businesses in this region.”

Since HomeTrust converted to stock in July 2012, the company has announced three acquisitions. As a result of these acquisitions, including the recent acquisition of Jefferson Bancshares, the pending acquisition of Bank of Commerce, located in Charlotte, NC and this new Loan Production office, the bank will have grown its franchise from 20 to 35 banking offices, expanding its geographic footprint into South Carolina, Tennessee and Virginia and increased assets from $1.6 billion to $2.1 billion, and its deposits from $1.2 billion to $1.7 billion.

Adam Shores, Market President, brings over 12 years of commercial banking experience to HomeTrust focusing on the banking needs of commercial and industrial operating companies, municipalities, and real estate investors throughout the Roanoke Valley.