HomeTrust Bank Auto Finance is the newest line of business for HomeTrust Bancshares, Inc. (NASDAQ: HTBI). This indirect lending service is working with auto dealerships in Western North Carolina and the Upstate of South Carolina to provide new and used vehicle financing.
On Thursday, March 20th,
Kit Cramer, Director, Asheville Chamber of Commerce, and Ben Teague, Executive
Director, Economic Development Coalition, joined Dana Stonestreet, Chairman, President
and CEO, HomeTrust Bank and Joe McGuire, Director HomeTrust Bank Auto Finance
for a ribbon – cutting reception recognizing and celebrating the Bank’s recent
new line of business, Auto Finance. The
event was held at HomeTrust Bank’s Indirect Auto Lending administrative offices
on Brevard Road.
HomeTrust Bank’s entry into the
indirect auto financing business is part of the banking company’s overall strategy
for growth in both customers and the loan portfolio. Dana Stonestreet, CEO, HomeTrust Bank,
commented, “We’re excited to be doing business with our local auto dealer
partners; providing competitive financing options for their customers in our
communities. The addition of our auto financing line of business also
contributed to the growth in job opportunities and full time professional
positions within HomeTrust Bank.
HomeTrust has added 81 employees in the past forty-eight months, as well
as doubled the amount of space we now occupy for our headquarters operations in
Ridgefield Office Park.”
Joe McGuire, Director,
HomeTrust Bank Auto Finance, noted, “In our first twelve weeks of business,
we’ve made over 160 loans. Our state- of-
the art Auto Finance platform allows our lenders to underwrite and approve auto
loans in less than 5 minutes; providing the customers of our fifteen dealer
partners with an extremely efficient financing experience.”
Stonestreet stated, “Every
business thrives by achieving a sustainable differentiation in some way. HomeTrust has built our sustainable
difference on our culture, which is driven by the passion of our people. HomeTrust bankers love what we do and we love
making a positive difference in the lives of our customers.”
Local auto dealer partners
include Forest City Honda, Harmony Motors, Skyland Mazda, Mitsubishi, Chrysler
Jeep Dodge Ram, Hyundai of Asheville, Asheville Chevrolet, Coleman Freeman Auto
Sales of Hendersonville, Andy Shaw Ford in Sylva and Land Rover of Asheville in
Mills River , Lotus of Greenville, S.C., Waynesville Automotive Group, Four
Seasons Ford, Hendersonville, Anders Auto Sales, Hendersonville, Hendersonville
Chrysler Dodge Jeep Ram, Kevin Whitaker Chevrolet, Greenville, S.C., Boyd
Automotive, Hendersonville, Sam + Dave’s Auto Sales, Asheville, Polk Motor
Company, Black Mountain, Whitt Motor Sales, Asheville, and Marburger Chrysler
Dodge Jeep Ram Nissan of Shelby.
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