The citizens of Greensboro, North Carolina are soon going to be blessed with a full array of commercial banking services. A new HomeTrust Bank Commercial Loan Production Office, also known as an LPO, is set to be opened. This is according to the holding company for HomeTrust Bank, which is HomeTrust Bancshares, Inc.
The Chief Banking Officer for HomeTrust says this geographical expansion falls in line with its natural contiguous markets. The LPO, which is entering the company’s seventh new metro market in just four short years, is part of HomeTrust’s vision to improve their commercial loan portfolio. This company has produced fiscal increases in their commercial loan sector over 2017. A major part of this growth was the acquisition of TriSummit Bank back in January 2017.
HomeTrust Has Been Making Waves In The Lending Industry For Years
Completing four major acquisitions since they switched to stocks in 2012, HomeTrust has expanded into North Carolina, Virginia, Tennessee, and South Carolina. Some of its biggest offices are currently in Raleigh and Charlotte. The company has acquired 8 Bank of America branches and opened 2 commercial LPOs. This has shown a huge grown in the HomeTrust franchise locations. Starting with 20 locations in 2012, the bank has grown to have over 42 locations.
Having more locations allows HomeTrust to serve more customers. In fact, there has been a notable $1.2 billion dollar increase in the loans serviced by HomeTrust since 2012. This increase in consumer loans has been made possible partially by the opening of 10 commercial loan offices and another 10 mortgage loan offices. Also in this short time frame, this company has boosted their assets by $1.6 billion and their core deposits have gone from $576 million to $1.6 billion. HomeTrust certainly has a growing footprint that is going to continue to benefit those along the Eastern Coast.
Who Is Operating The New Greenboro HomeTrust LPO?
- Robert Gray (SVP)The new Senior Vice President and Market President, Robert D. Gray has made the commercial banking industry his career. Bringing over 20 years of experience in customer relationship management and commercial banking, this Greensboro native is not only a banking wizard but also a committed community volunteer. Mr. Gray current serves on the boards of the Community Housing Solutions of Guilford County and the Greensboro Academy Charter School as he believes local leadership is an important role.In his spare time, Robert and his wife, Giner, participate as volunteers for many community causes. Some of which include Gate City Rotary, Westover Church, and Campus Life Ministries. He has two beautiful children who he enjoys participating with in various recreational outdoor activities and spending time with friends.
- Jeffery Davis (VP)Commercial Relationships Manager and Vice President, Mr. Jeffrey Davis is another North Carolina native. Mr. Davis is also an active community volunteer who spends much of his time serving the Mercy Hill Church. He is a graduate of both the Cameron School of Business and the University of North Carolina. He currently has a Bachelor of Science degree in Business Administration.
What Is Bancshares, Inc.?
The holding company for HomeTrust Bank is HomeTrust Bancshares, Inc. Established in the great state of North Carolina back in 1926, this company had one thing in mind. This was and still is to stay community-focused and provide valuable relationships for their customers. With over 42 current locations throughout North Carolina and the surrounding States, this company has been able to connect with more community member than ever before. This is why HomeTrust Bancshares, Inc. now has over $3.2 billion in assets.