HomeTrust Bancshares, Inc. Announces Retirement of Its Chief Credit Officer and Appointment of Successor
January 23 2024 - 8:45AM
HomeTrust Bancshares, Inc. (NASDAQ: HTBI) (“Company”), the holding
company of HomeTrust Bank (“Bank” or “HTB”), today announced that
Keith J. Houghton, Executive Vice President and Chief Credit
Officer, will be retiring from his position effective June 30,
2024. As part of the Bank’s strategic succession plan, Kevin
Nunley, Senior Vice President and Director of Commercial Credit,
will assume the role and responsibilities of Chief Credit Officer
upon Mr. Houghton’s retirement.
Over the past decade, Mr. Houghton has been a
key leader in HTB’s transformation into a regional community bank.
During his tenure, the Bank has witnessed significant growth and
success in its credit management strategies. His contributions have
been instrumental in maintaining a robust and balanced credit
portfolio, ensuring financial stability throughout a variety of
economic environments, including the pandemic.
Mr. Nunley joined HTB in September 2020 and has
twenty years of large regional bank experience which includes
senior credit officer, portfolio management and relationship
manager responsibilities. Since joining HTB, Mr. Nunley has
showcased his expertise in credit risk management, financial
analysis, and strategic decision-making.
“On behalf of the entire HTB team, we are sad to
lose Keith’s talent and appreciate the strong foundation he has
built. We wish him well in this new chapter of his life. I am
confident that Kevin will continue the precedent set by Keith in
the Bank’s successful navigation of complex credit landscapes and
that he will safeguard the financial integrity of HTB while
continuing to foster positive client relationships,” said C. Hunter
Westbrook, President & Chief Executive Officer. “I’ve enjoyed
working with Kevin, and I know his seasoned financial background,
sound judgment and strategic decision-making skills will be
essential in continuing the balanced risk-reward equation for HTB
that will sustain the financial health and growth of our Bank.”
Mr. Nunley’s two decades of experience in
financial services includes various credit roles at First Tennessee
Bank, First Horizon Bank, Wachovia, and as a financial analyst at
Bayer. He is a graduate of the University of Tennessee with a
Bachelor’s degree in Business Administration. He also earned a
Master of Business Administration (MBA) from Wake Forest University
Babcock Graduate School of Business.
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 StatementsThis
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 involving 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, both nationally and in our
market areas; 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 in the documents they file the
Company files with or furnishes 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 the
factors described above or other factors that management cannot
foresee. The Company does not undertake, and specifically disclaims
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
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