About

The HomeTrust Banking Partners - HomeTrust Bank, Tryon Federal Bank, Shelby Savings, Home Savings Bank, and Rutherford County Bank have developed the idea to combine our resources in partnership, allowing us to develop new products and services, acquire new technology, and become a full-service hometown community bank.

HomeTrust Bank -- Clyde Savings Bank ~ Since 1926
On March 1, 1926, a group of farmers and businessmen gathered around a pot-bellied stove and resolved to combine their savings to help families in the community build homes. Together they formed Clyde Savings Bank (originally Clyde Building and Loan).
At that time, business was conducted in an office in the Bank of Clyde. Later the fledgling institution moved to the Clyde Pharmacy, where customers could make a deposit and enjoy an ice cream cone at the same time. In January, 1951 the bank built its first office on Main Street in Clyde, where customers found it more convenient to conduct their business.
Today, the Clyde office is located just down the road in a modern, state-of-the-art facility, with six additional offices located in Asheville, East Asheville, Hendersonville, Skyland, Waynesville, and Weaverville.

Board of Directors:
F. Ed Broadwell, Chairman of the Board & CEO
Dana L. Stonestreet, President
Larry McDevitt, Vice Chairman
Frank Beam
W. Thomas Flynt
J. Steven Goforth
F. K. McFarland, III
Peggy Melville
Sam Neill
Bob Shepherd
Sidney A. Biesecker
Craig Koontz

Tryon Federal Bank ~ Since 1935
Tryon Federal Bank was founded in 1935 by a group of Polk County business people, at a time when homes were built by the combined efforts of family, friends, and neighbors. Tryon Federal helped families own homes by providing loans and a safe haven for savings.
The bank's growth was slow and steady until after World War II when veterans returned and wanted homes for their young families. Those vets were determined to put the war and the Great Depression behind them. And the folks at Tryon Federal were equally determined to help them. And they did.
Stronger than ever, Tryon Federal remains committed to serving the needs of its community.

Board of Directors:
Jerry Johnson, President
Ray Foster, Chairman
Henry Huntsinger, Vice Chairman
R.B. Scruggs, Vice Chairman
F.K. McFarland, III
William (Bill) D. Smith
Brenda Walker

Shelby Savings Bank ~ Since 1905
Fourteen Shelby residents formed Shelby Savings in 1905. It was originally called Shelby Building and Loan Association and was capitalized with only $125.
Back then, the town had fewer than 2,500 residents. The first loan was granted to Z.J. Thompson. Mr. Thompson borrowed $700 to build a house at 612 West Warren Street, a dwelling that is still standing and in use.
Today, Shelby Savings continues to grow and thrive, working to serve its community.

Board of Directors:
Frank Beam, Chairman
J. Steven Goforth
Roger Holland
Mike Holman
Jim Horn
Dean Whisnant

Home Savings Bank ~ Since 1909
Home Savings Bank has a unique heritage built upon shared strength. More than a century ago, mutual savings banks were created to help families buy and build homes and to help communities grow and prosper. These early banks were started by community leaders who realized that by working together and combining resources, they could do more than any one could alone. Home Savings Bank is the newest addition to The HomeTrust Banking Partnership.

Board of Directors:
Jonathan Jobe, President
W. Thomas Flynt, Chairman
Charles R. Wharton
Ted W. Hopkins
J.D. Murphy
Philip K. Price
Michael J. Shaffer

Rutherford County Bank ~ Since 2007
Rutherford County Bank was opened in 2007 to serve the financial needs of families and businesses in Rutherford County. Our local Board of Directors is comprised of business leaders who have decades of experience, leadership, and community involvement in Rutherford County. Customers visiting our Forest City office will find all the products and services of a big out-of-town bank, while enjoying the warmth and personal care only a hometown, community bank can offer.

As Rutherford County’s local hometown bank, we are committed to being here for generations to come.

Board of Directors:
Jerry Johnson, President
Roger Jolly, Chairman
Ron Giles
Odean Keever
Brent Washburn

 Industrial Federal Bank ~ Since 1929
More than a century ago, mutual savings banks were created to help families buy and build homes and to help com-munities grow and prosper. These early banks were started by community leaders who realized that by working together and combining resources, they could do more than any one could alone.The HomeTrust Banking Partnership works the same way. By combining our resources with this unique partnership, Industrial Federal Bank of Davidson County will be able to do and offer much more to our customers for generations to come.
Board of Directors:
Sidney A. Biesecker, President
Wayne H. Shoaf, Chairman
Bob W. Bowers
Craig Koontz
Ted C. Philpott
Jerry F. Smith