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HomeTrust Bank
HomeTrust Bancshares Inc. () is an Asheville, North Carolina-based bank holding company with $4.3 billion in assets and 33 branches in North and South Carolina, Georgia and Tennessee. It is the parent of seven community banks—HomeTrust Bank, Tryon Federal Bank, Shelby Savings Bank, Home Savings Bank, Industrial Federal Bank, Cherryville Federal Bank and Rutherford County Bank. History HomeTrust Bank was founded in 1926 as Clyde Building and Loan in Clyde, North Carolina. Later, the name changed to Clyde Savings and Loan Association and then Clyde Savings Bank. Ed Broadwell joined the bank in 1965 at age 27, the youngest bank president in the state. The bank had $10 million in assets and five people worked there. In 1973, the bank bought a block in Asheville and built a new three-story headquarters. Dana Stonestreet, who took over after Broadwell's retirement, said, "They hired more people to open that office than they had in the whole history of the bank." Clyde Savings B ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Shelby, North Carolina
Shelby is a city in and the county seat of Cleveland County, North Carolina, United States. It lies near the western edge of the Charlotte combined statistical area. The population was 20,323 at the 2010 census. History The area was originally inhabited by Catawba and Cherokee peoples and was later settled between around 1760. The city was chartered in 1843 and named after Colonel Isaac Shelby, a hero of the battle of Kings Mountain (1780) during the American Revolution. Shelby was agricultural until the railways in the 1870s stimulated Shelby's development. Textiles later became its chief industry during the 1920s when production of cotton in Cleveland County rose from 8,000 to 80,000 bales a year. Cotton production peaked in 1948 with Cleveland County producing 83,549 bales, making it North Carolina's premier cotton county. In the 1930s, Shelby was known as “the leading shopping center between Charlotte and Asheville”  People from surrounding counties came to Shelby to sho ...
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Virginia
Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the Atlantic Coast and the Appalachian Mountains. The geography and climate of the Commonwealth are shaped by the Blue Ridge Mountains and the Chesapeake Bay, which provide habitat for much of its flora and fauna. The capital of the Commonwealth is Richmond; Virginia Beach is the most-populous city, and Fairfax County is the most-populous political subdivision. The Commonwealth's population was over 8.65million, with 36% of them living in the Baltimore–Washington metropolitan area. The area's history begins with several indigenous groups, including the Powhatan. In 1607, the London Company established the Colony of Virginia as the first permanent English colony in the New World. Virginia's state nickname, the Old Dominion, is a reference to this status. Slave labor and land acquired from displaced native tribes fueled the ...
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Bank Of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. One branch of its history stretches back to the U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquartered ...
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Greenville, South Carolina
Greenville (; locally ) is a city in and the seat of Greenville County, South Carolina, United States. With a population of 70,720 at the 2020 census, it is the sixth-largest city in the state. Greenville is located approximately halfway between Atlanta, Georgia, and Charlotte, North Carolina, along Interstate 85. Its metropolitan area also includes Interstates 185 and 385. Greenville is the anchor city of the Upstate, a combined statistical area with a population of 1,487,610 at the 2020 census. Greenville was the fourth fastest-growing city in the United States between 2015 and 2016, according to the U.S. Census Bureau. Greenville is the center of the Upstate region of South Carolina. Numerous large companies are located within the city, such as Michelin, Prisma Health, Bon Secours, and Duke Energy. Greenville County Schools is another large employer and is the largest school district in South Carolina. Having seen rapid development over the past two decades, Greenvil ...
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Tryon Daily Bulletin
''Tryon Daily Bulletin'' is an American, English language daily newspaper based in Tryon, Polk County, North Carolina; it also serves parts of Spartanburg and Greenville counties in South Carolina. History Known as "The World’s Smallest Daily Newspaper", it was established in 1928 by Seth Vining Sr. It had a readership of 4,250 in 2019 and its website had 30,000 visitors. Jeff Byrd purchased the paper in 1989 and sold it in 2010 to Boone Newspapers Inc. of Tuscaloosa, Ala. Its offices are housed in the Bank of Tryon Building, listed on the National Register of Historic Places in 2008. The paper doesn't carry any wire stories; as its publisher, Jeff Byrd, said in 1993, "It's all local. It's a community paper. That's what people want here." It features columns from 15 local residents, reader photos, a large letters to the editor section and a community calendar. See also * List of newspapers in North Carolina There have been newspapers in North Carolina since the ''Nort ...
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Mutual Savings Bank
A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe to a common fund. From this fund, claims, loans, etc., are paid. Profits after deductions are shared among the members. The institution is intended to provide a safe place for individual members to save and to invest those savings in mortgages, loans, stocks, bonds and other securities and to share in any profits or losses that result. History The institution most frequently identified as the first modern savings bank was the " Savings and Friendly Society" organized in 1810 by Rev. Henry Duncan of the Ruthwell Presbyterian Church in Dumfriesshire, Scotland. Duncan established a friendly society to create a cooperative depository institution in order to enable his poorest parishioners to hold savings accounts accruing interest for sickness and old-age. Another precursor of modern savings banks were the ideas of Friedrich Wilhe ...
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Cherryville, North Carolina
Cherryville is a small city in northwestern Gaston County, North Carolina, United States. The population was 5,760 at the 2010 census. The New Year's Shooters celebrate the area's German heritage by beginning each year with a customary chant and the honorary shooting of muskets. Cherryville is located approximately west of Charlotte and northwest of Gastonia. Geography Cherryville is located in Cherryville Township at (35.381169, -81.379168) at an elevation of . According to the United States Census Bureau, the city covers a total area of , of which is land and , or 0.21%, is water. The small Cherryville City Reservoir is located just southeast of the city limits. Cherryville is located along a divide among three watersheds. The western end of Cherryville is in the watershed of Muddy Creek, a right tributary of Buffalo Creek and part of the Broad River catchment basin. The north side of Cherryville is in the Indian Creek watershed, drained by Lick Fork Creek and an unnamed ...
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Davidson County, North Carolina
Davidson County is a county located in the U.S. state of North Carolina. As of the 2020 census, the population was 168,930. Its county seat is Lexington, and its largest city is Thomasville. Davidson County is included in the Winston-Salem, NC Metropolitan Statistical Area, which is also included in the Greensboro-Winston-Salem- High Point, NC Combined Statistical Area. Parts of Davidson County are in the Yadkin Valley wine region. History The original North Carolina county of this name was created in 1786 what was then the far western portion of North Carolina, with its county seat at Nashville and a territory covering most of what is now Middle Tennessee. When Tennessee was established as a separate state in 1796, this county became Davidson County, Tennessee. The current North Carolina county was formed in 1822 from Rowan County. It was named after Brigadier General William Lee Davidson, an American Revolutionary War general killed at the Battle of Cowan's Ford on t ...
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Reidsville, North Carolina
Reidsville is a city in Rockingham County in the U.S. state of North Carolina. At the 2020 census, the city had a total population of 14,580. Reidsville is included in the Greensboro–High Point Metropolitan Statistical Area of the Piedmont Triad. Reidsville was established in the early 19th century as an outpost and stop on the stage line that ran between Salisbury, North Carolina, and Danville, Virginia, and was originally known as Wright's Crossroads. The community grew from a single home and inn owned by the family of Reuben Reid, a local farmer, businessman, justice of the peace and father of David S. Reid), into a thriving farming community primarily supporting tobacco production and cigarette manufacturing. Reidsville was officially incorporated by the North Carolina State Legislature in 1873 and became a key location of the American Tobacco Company which employed large numbers of city and county residents. The American Tobacco Company was the mainstay of Reidsville eco ...
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Eden, North Carolina
Eden is a city in Rockingham County in the U.S. state of North Carolina. Eden is the largest city in Rockingham County and is part of the Greensboro-High Point Metropolitan Statistical Area of the Piedmont Triad metro region. As of the 2020 census, the population was 15,405. From the late nineteenth century through much of the 20th, the city was a center of textile mills and manufacturing. The city was incorporated in 1967 through the consolidation of three towns: Leaksville, Spray, and Draper. Geography Eden is located at (36.506434, -79.745092). The Smith and the Dan River have their confluence on the south side of Eden. The Dan River flows along Eden's southern border while the Smith River flows from the north bisecting the city on its route to meet the Dan River. Greensboro is to the south, Reidsville is southeast via NC 14 High Point is 45 miles (72 km) south and Danville, Virginia is northeast of the city. According to the United States Census Bureau, th ...
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Rockingham County, North Carolina
Rockingham County is a county located in the U.S. state of North Carolina. As of the 2020 census, the population was 91,096. Its county seat is Wentworth. The county is known as "North Carolina's North Star." Rockingham County is included in the Greensboro-High Point, NC Metropolitan Statistical Area of the Piedmont Triad metro region. History Settling and founding Between 1728 and 1733, the Dan River Valley was surveyed by William Byrd II. He soon thereafter purchased 20,000 acres of the land, attracting prospective farmers. The region's first western settlers came from Pennsylvania, New Jersey, Maryland, and Virginia and were of German, English, Scottish, and Irish descent. The county was officially formed in 1785 from Guilford County. It was named for Charles Watson-Wentworth, 2nd Marquess of Rockingham, British Prime Minister from 1765 to 1766 and again in 1782. Rockingham's administration was dominated by the American issue. Rockingham wished for repeal of the Stamp Ac ...
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