Home Federal Bank Celebrates 100th Anniversary 

 Community-focused bank provides a century of service to East Tennessee 

In 1924, a handful of local businessmen founded Home Federal Bank with one goal in mind: Create more homeowners. Their belief was that homeowners stabilized and improved the community. In other words – they had a stake in the future of Knoxville. For over 100 years East Tennessee and Home Federal have grown together. And while Home Federal has grown from a relatively tiny $500,000 in assets to a bank boasting almost $3.5 billion, they have never outgrown East Tennessee. 

“We are a local bank, founded right here in downtown Knoxville. Our first office was in the Farragut Hotel on Gay Street,” said Home Federal Bank President and CEO David Reynolds. “We are grateful for the support our community has shown us and are proud to reach this exciting 100-year milestone.” 

“It is important to note we are a mutual bank, chartered to give back to those who have made us the strong institution we are today,” said Reynolds. “That means instead of having stockholders, we get to focus on investing in our community. I believe this is what sets us apart from other banks and is a significant reason we are still going strong today.” 

“Customer service is key, as it has been for 100 years,” stated Reynolds. “The biggest asset we have is our people. It takes a lot of different people with unique talents to create a successful, growing, 100-year-old company.” 

About Home Federal Bank of Tennessee 

Founded in 1924, Home Federal Bank is the largest mutually owned community bank in the state of Tennessee. Home Federal is a full-service bank serving East Tennesseans through 23 offices in Knox, Anderson, Blount and Sevier counties. 

Home Federal provides mortgage and consumer loans, credit and debit card services, online and mobile banking, savings plans, personal and business trust services, commercial banking, and brokerage services through its subsidiary, Home Financial Services Inc. Page 1 Media Contact: Adele Sensing Home Federal Bank of Tennessee [email protected] 865-541-6067 

Fact Sheet: 

• Founded in 1924 
• First location was located on Gay Street at the Farragut Hotel 
• Chartered as a mutual bank 
• Mutual bank: depositors rather than shareholders own the bank 
• In addition to savings and home loans, Home Federal added new departments in the 1980s that included: commercial banking, a trust division and investment financial services 
• Current headquarters are at 515 Market Street, Knoxville, TN 37902 
• 23 offices in Knox, Anderson, Blount and Sevier counties 
• 100th Anniversary Webpage – https://www.homefederalbanktn.com/about-us/our-history/
• Main Webpage – https://www.homefederalbanktn.com/