Question 1

What is Hometown Savings Bank (THSB)?

Accepted Answer

Hometown Savings Bank (THSB) is a community-focused mutual savings bank headquartered in Terre Haute, Indiana. Operating as a state-chartered stock and mutual savings bank, THSB serves individuals and businesses across western Indiana and eastern Illinois with approximately $478 million in total assets.

The bank operates nine branch locations across two states, including five branches in Terre Haute, and additional locations in Riley, Brazil, West Terre Haute (Indiana), and Danville (Illinois). THSB is governed by a board of directors comprised of local business and community leaders and emphasizes fiscal conservatism and community investment.

Question 2

When was Hometown Savings Bank (THSB) founded?

Accepted Answer

Hometown Savings Bank was originally established as Terre Haute Savings Bank on December 1, 1869. The bank was chartered by the state of Indiana during a time when banking services were primarily reserved for businesses, making it one of the pioneering institutions to offer mutual savings banking services for individual depositors in the region.

The bank has undergone several organizational transformations throughout its 155-year history. In 2000, it transitioned from a mutual savings bank to a stock savings bank structure. On February 1, 2022, the institution rebranded to its current name, The Hometown Savings Bank, to better reflect its community-oriented mission and service approach.

Question 3

Where is Hometown Savings Bank (THSB) headquartered?

Accepted Answer

Hometown Savings Bank is headquartered at 533 Ohio Street in Terre Haute, Indiana. The bank relocated its main office to this address on May 1, 2015. Terre Haute is located in Vigo County, approximately 75 miles west/southwest of Indianapolis.

Question 4

Where does Hometown Savings Bank (THSB) operate?

Accepted Answer

THSB operates nine branch locations across two states, primarily serving western Indiana and eastern Illinois. In Indiana, the bank maintains five branches in Terre Haute, plus locations in Riley (southeast of Terre Haute), Brazil (Clay County, about 18 miles east of Terre Haute), and West Terre Haute (approximately 2 miles west of Terre Haute).

The bank expanded into Illinois with its acquisition of First Savings Bank in Danville, Illinois, on November 1, 2023. THSB's primary service area focuses on meeting the savings and home ownership needs of residents in Terre Haute and Vigo County, while extending its reach to surrounding communities in the Wabash Valley region.

Question 5

What services does Hometown Savings Bank (THSB) offer?

Accepted Answer

THSB provides a comprehensive range of personal and business banking services designed to meet community needs. Personal banking services include various checking and savings accounts, money market accounts, certificates of deposit, and Individual Retirement Accounts (IRAs).

The bank offers robust lending services, including mortgage products for home purchases, consumer loans, auto loans, and personal loans. For business clients, THSB provides business checking and savings accounts, commercial loans, and tailored financial solutions for operations of all sizes.

Digital banking capabilities include 24/7 online banking, mobile banking apps available on iOS and Android platforms, mobile deposit functionality, online bill pay services, and integration with Zelle for person-to-person payments. The bank also offers external funds transfer, eStatements, money management tools, customizable account alerts, and Card Manager for debit card control and security. Additionally, THSB provides trust and wealth management services through its fiduciary division, offering practical advice for retirement planning, estate management, and investment strategies.

Question 6

What makes Hometown Savings Bank (THSB) unique?

Accepted Answer

THSB's distinctive identity stems from its structure as a mutual savings bank rather than a publicly traded institution. This organizational model allows the bank to prioritize community benefit and long-term stability over shareholder returns, fostering a fiscally conservative approach to banking.

With over 155 years of continuous operation since 1869, THSB represents one of Indiana's oldest financial institutions, maintaining deep roots in the Terre Haute community. The bank's governance by a board of local business and community leaders ensures that decision-making reflects local interests and needs.

THSB's commitment to community investment is central to its mission. The bank actively supports local initiatives and maintains a reputation for personalized customer service that reflects small-town values. This community-first philosophy, combined with modern digital banking technology, creates a hybrid model that balances traditional relationship banking with contemporary convenience.

Question 7

What type of financial institution is Hometown Savings Bank (THSB)?

Accepted Answer

Hometown Savings Bank is classified as a stock and mutual savings bank, a hybrid organizational structure that combines elements of both traditional mutual and stock ownership models. This classification is reflected in the bank's state charter through Indiana's banking regulations.

As a state-chartered savings bank, THSB is regulated by the Federal Deposit Insurance Corporation (FDIC) and operates under FDIC Certificate Number 17736. The bank is not a member of the Federal Reserve System but maintains full FDIC insurance coverage for depositors.

The mutual holding company structure, established through Terre Haute Savings MHC Inc., allows THSB to operate with the community focus characteristic of mutual institutions while maintaining the capital flexibility of stock ownership. This structure positions THSB as a community bank that emphasizes relationship banking, local decision-making, and service to the savings and home ownership needs of its market area.

Hometown Savings Bank (THSB)

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About Hometown Savings Bank (THSB) in the United States