HomeTrust Bancshares, Inc. Announces Retirement of Executive Chair, Appointment of New Chair
14 11월 2023 - 10:45PM
The Board of Directors of HomeTrust Bancshares, Inc. (NASDAQ: HTBI)
(“Company”), today announced the retirement of its Executive Chair,
Dana L. Stonestreet, effective at the conclusion of the Company’s
Annual Meeting on November 13, 2023. Richard T. “Stick” Williams,
currently Vice Chair and Lead Director of the Company, will serve
as Chair of the Company upon Stonestreet’s retirement from the
Board of Directors.
Mr. Stonestreet has served as Executive Chair of
the Company since September 2022 when he retired as Chief Executive
Officer. He joined HomeTrust Bank in 1989 as its Chief Financial
Officer and was promoted to Chief Operating Officer in 2003 and
President in 2008. He became Chairman and Chief Executive Officer
in 2013. When Stonestreet joined HomeTrust (formerly Clyde Savings
Bank), the Bank had $200 million in assets with locations in
western North Carolina. Through organic growth and a series of
mutual savings bank mergers, HomeTrust grew to over $1.5 billion in
assets with locations across North Carolina. In July 2012,
Stonestreet led the Company through its initial public
offering/conversion to stock form raising over $200 million. Since
then, under Stonestreet’s leadership, HomeTrust has grown to $4.7
billion in assets across five states through numerous bank
acquisitions as well as organic growth with new lines of business
and top talent. In addition, HomeTrust Bank was named a 2023 Great
Employer to Work for in North Carolina by the Best Companies Group
research firm.
“On behalf of the Board of Directors, I want to
thank Dana for his tireless service to HomeTrust and its employees,
customers and stockholders,” says Richard T. “Stick” Williams, Vice
Chair and Lead Director of the Company. “It has been a pleasure to
work with Dana over the past eight years as HomeTrust has evolved
into a premier regional bank. We appreciate his long and dedicated
tenure and wish him well on his much-deserved retirement. As we
enter into a new era, I am excited by the promise of continued
growth under the leadership of Hunter Westbrook whose vision has
already strengthened the foundation of HomeTrust for employees and
stockholders alike over the last eleven years.”
Mr. Williams is a retired executive from the
Duke Energy Corporation and Duke Energy Foundation. He joined the
HomeTrust Board of Directors in April 2016 after serving as an
advisory director of the Company for six months. He has served in
numerous leadership roles and on various boards over his career,
receiving the Order of the Long Leaf Pine in 2015, one of North
Carolina’s most prestigious awards for service. Recognized as one
of the Top 100 directors for 2020 nationally by the National
Association of Corporate Directors, Mr. Williams brings to the
Board of Directors extensive business experience gained from a
variety of leadership roles within a large organization, as well as
strong ties to the local community.
About HomeTrust Bancshares,
Inc.
HomeTrust Bancshares, Inc. is the holding
company for HomeTrust Bank. As of September 30, 2023, the Company
had assets of $4.7 billion. The Bank, founded in 1926, is a North
Carolina state chartered, community-focused financial institution
committed to providing value added relationship banking with over
30 locations as well as online/mobile channels. Locations include:
North Carolina (including the Asheville metropolitan area, the
"Piedmont" region, Charlotte, and Raleigh/Cary), South Carolina
(Greenville and Charleston), East Tennessee (including
Kingsport/Johnson City, Knoxville, and Morristown), Southwest
Virginia (including the Roanoke Valley) and Georgia (Greater
Atlanta).
Forward-Looking Statements
This press release may include "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are not statements
of historical fact, but instead are based on certain assumptions
including statements with respect to the Company's beliefs, plans,
objectives, goals, expectations, assumptions, and statements about
future economic performance and projections of financial items.
These forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that could cause actual
results to differ materially from the results anticipated or
implied by forward-looking statements. The factors that could
result in material differentiation include, but are not limited to
the impact of bank failures or adverse developments of other banks
and related negative press about the banking industry in general on
investor and depositor sentiment; the remaining effect of the
COVID-19 pandemic on general economic and financial market
conditions and on public health, both nationally and in the
Company's market areas; expected revenues, cost savings, synergies
and other benefits from merger and acquisition activities,
including the Company's recent merger with Quantum Capital Corp.,
might not be realized to the extent anticipated, within the
anticipated time frames, or at all, and costs or difficulties
relating to integration matters, including but not limited to
customer and employee retention, might be greater than expected;
goodwill impairment charges might be incurred; increased
competitive pressures; changes in the interest rate environment;
changes in general economic conditions and conditions within the
securities markets; legislative and regulatory changes; and the
effects of inflation, a potential recession, and other factors
described in the Company's latest annual Report on Form 10-K and
Quarterly Reports on Form 10-Q and other documents filed with or
furnished to the Securities and Exchange Commission - which are
available on the Company's website at www.htb.com and on the SEC's
website at www.sec.gov. Any of the forward-looking statements that
the Company makes in this press release or the documents they file
with or furnish to the SEC are based upon management's beliefs and
assumptions at the time they are made and may turn out to be wrong
because of inaccurate assumptions they might make, because of the
factors described above or because of other factors that they
cannot foresee. The Company does not undertake and specifically
disclaim any obligation to revise any forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.
www.htb.com
Contact:
C. Hunter Westbrook
President and Chief Executive Officer
HomeTrust Bank
828.365.7084
HomeTrust Bancshares (NASDAQ:HTBI)
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