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ASHEVILLE, N.C., Nov. 25, 2013 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. (the "Company") (Nasdaq:HTBI), the holding company for HomeTrust Bank (the "Bank"), announced today that Dana L. Stonestreet has been appointed as Chairman of the Board of Directors of the Company and the Bank and that Larry S. McDevitt has been appointed as Lead Director and Vice Chairman of the Board of Directors of the Company and Vice Chairman of the Board of Directors of the Bank. The appointment of Mr. Stonestreet as Chairman coincides with his becoming Chief Executive Officer of the Company and the Bank effective today, in accordance with the Company's previously announced CEO succession plan. Pursuant to that plan, since July 1, 2013, Mr. Stonestreet had been serving as a co-Chief Executive Officer with F. Edward Broadwell, Jr., who retired as Chairman and from the CEO position effective today. Mr. Broadwell will continue as a director of the Company and the Bank until the Company's annual meeting of stockholders to be held in the fall of 2014.
Dana L. Stonestreet
Photos accompanying this release are available at
http://www.globenewswire.com/newsroom/prs/?pkgid=17863http://www.globenewswire.com/newsroom/prs/?pkgid=22411 Mr. Stonestreet, who has 35 years of banking industry experience, has served on the Bank's Board of Directors since 2007 and on the Company's Board since its inception in connection with the Bank's mutual-to-stock conversion, which was completed in July 2012. He joined HomeTrust Bank in 1989 as Chief Financial Officer, was named Chief Operating Officer in 2003 and became President in 2008. He began his financial services industry career as a CPA with KPMG. He has served in numerous community board roles over the past twenty years, and is Chairman for the Asheville Area Chamber of Commerce, and serves as a director for United Way and the Asheville HUB Community Economic Development Alliance Board.
Mr. McDevitt has served on the Bank's Board of Directors since 1987 and on the Company's Board since its inception. He has been an attorney in private practice in Asheville, North Carolina since 1968 and is a principal of, and past President of, The Van Winkle Law Firm. He previously served as Mayor of Asheville, as an Asheville City Councilman, and as County Attorney for Buncombe County.