HomeTrust Bancshares, Inc. Appoints as Narasimhulu Neelagaru as a Director
June 27, 2023 at 01:44 am IST
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On June 26, 2023, the Board of Directors of HomeTrust Bancshares, Inc. appointed Narasimhulu Neelagaru, M.D. (Dr. Neel) as a director of the Company. The Board committees to which Dr. Neel will be appointed have not yet been determined. For the Initial Term, consistent with the Merger Agreement, Dr. Neel was appointed to the class of directors of the Company whose terms expire in calendar year 2025.
HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank (the Bank). The Bank is a state-chartered, community-focused financial institution committed to providing value-added relationship banking with over 30 locations, as well as online/mobile channels. Its principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in commercial real estate loans, construction and development loans, commercial and industrial loans, equipment finance leases, municipal leases, loans secured by first and second mortgages on one-to-four family residences, including home equity loans and other consumer loans. It also originates one-to-four family loans, SBA loans and HELOCs to sell to third parties. It invests in debt securities issued by United States Government agencies and GSEs, municipal bonds, corporate bonds, commercial paper and certificates of deposit insured by the Federal Deposit Insurance Corporation.
HOMETRUST BANCSHARES, INC. 
