C. Hunter Westbrook Appointed President and Chief Operating Officer of HomeTrust Bank
October 28 2020 - 9:15AM
HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (“Company”), the holding
company of HomeTrust Bank (“Bank” or “HTB”), today announced that
C. Hunter Westbrook will assume the position of President and Chief
Operating Officer of the Bank effective October 28, 2020. Mr.
Westbrook joined HTB in 2012 as Executive Vice President and Chief
Banking Officer of the Company and the Bank, and in 2018 was
promoted to Senior Executive Vice President and Chief Operating
Officer of the Company and the Bank. Mr. Westbrook will continue to
serve as Senior Executive Vice President and Chief Operating
Officer of the Company. Dana L. Stonestreet, Chairman, President
and Chief Executive Officer of the Company, will continue to serve
as Chairman and Chief Executive Officer of the Bank.
“I have been privileged to work with Hunter for
the past eight years as we transition HomeTrust from a rural thrift
to a full-service regional commercial bank,” said Mr. Stonestreet.
“When he joined the bank in 2012, we were in the process of
converting from the mutual to the stock form of ownership. At that
time, we had only three lines of business and our market area was
confined to western North Carolina. We now have ten lines of
business, which has greatly improved our offerings and
capabilities, and our market footprint has since expanded to three
more states – Virginia, Tennessee and South Carolina. We also now
have a presence in two of North Carolina’s growth markets,
Charlotte and Raleigh. It has been Hunter’s responsibility to
consistently expand the Bank and create shareholder value, while
protecting and enhancing our customer experience which has been a
hallmark of HomeTrust for 94 years.”
“I welcome the opportunity to lead the Bank on a
continued path of growth where innovative technology and products
are coupled with best-in-class personal customer service,” said Mr.
Westbrook. “We have the team and operational infrastructure in
place and are positioned well for the future. I sincerely
appreciate the confidence that Dana and the Board have placed in me
and look forward to working with them to further accelerate the
growth trajectory of HTB as a leading regional community bank.”
Mr. Westbrook is a 30-year banking veteran who
served as President and CEO of two community banks before joining
HTB. Mr. Westbrook also worked for nearly 20 years in various
senior level positions with TCF Bank and its parent, TCF Financial
Corporation. He earned his Master’s of Business Administration
degree from the University of Minnesota’s Carlson School of
Management and holds a Bachelor of Science in Accounting &
Business from West Virginia University.
About HomeTrust
Bancshares, Inc.
HomeTrust Bancshares, Inc. is the holding
company for HomeTrust Bank. As of June 30, 2020, the Company
had total consolidated assets of $3.7 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 40 locations as well as
online/mobile channels. Locations include: North Carolina
(including the Asheville metropolitan area, the "Piedmont" region,
Charlotte, and Raleigh/Cary), Upstate South Carolina (Greenville),
East Tennessee (including Kingsport/Johnson City/Bristol,
Knoxville, and Morristown) and Southwest Virginia (including the
Roanoke Valley). The Bank is the 2nd largest community bank
headquartered in North Carolina.
Forward-Looking Statements
This press release includes "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements often include words such as
"believe," "expect," "anticipate," "estimate," and "intend" or
future or conditional verbs such as "will," "would," "should,"
"could," or "may." Forward-looking statements are not historical
facts but instead represent management's current expectations and
forecasts regarding future events, many of which are inherently
uncertain and outside of our control. Actual results may differ,
possibly materially, from those currently expected or projected in
these forward-looking statements. Factors that could cause our
actual results to differ materially from those described in the
forward-looking statements include: the effect of the COVID-19
pandemic, including on our credit quality and business operations,
as well as its impact on general economic and financial market
conditions and other uncertainties resulting from the COVID-19
pandemic, such as the extent and duration of the impact on public
health, the U.S. and global economies, and consumer and corporate
customers, including economic activity, employment levels and
market liquidity; 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 other factors described in HomeTrust's most
recent Annual Report on Form 10-K and other documents filed with or
furnished to the Securities and Exchange Commission - which are
available on our website at www.htb.com and on the SEC's
website at www.sec.gov. These risks could cause our actual
results for fiscal 2021 and beyond to differ materially from those
expressed in any forward-looking statements by, or on behalf of, us
and could negatively affect our operating and stock performance.
Any of the forward-looking statements that we make in this press
release or the documents we 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 we might make, because of the factors described above
or because of other factors that we cannot foresee. We do 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
www.hometrustbancshares.com
Contact: |
Dana L. Stonestreet |
|
Chairman and Chief Executive
Officer |
|
828.259.3939 |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9d71a08c-8c8a-4ce1-a14c-1b42542058cb
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