Asheville North Carolina-based HomeTrust Bank has announced a restructuring program that will close 9 branches in North Carolina, Tennessee, and Virginia by September 2021. Additionally, bring its small business loan servicing in-house to benefit from fees and sale income. The number of employees impacted is unknown.
According to Dana Stonestreet, chairman, president, and chief executive officer, “These strategic initiatives, along with the continued maturity of our diversified lines of business, will move us forward in achieving higher profitability and creating additional shareholder value in the near term.
The bank continues to capitalize on the ongoing digital transformation model alongside a more traditional bricks-and-mortar banking model.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?