A RESOLUTION to honor and recognize Home Federal Bank of Tennessee on the occasion of its 100th anniversary.
Throughout its century-long history, Home Federal Bank has grown from modest beginnings with assets of $500,000 to becoming a major community bank boasting over $2 billion in assets. The bank currently operates 20 branches across four counties in Tennessee, thus playing a pivotal role in serving families and homeowners in East Tennessee. This resolution not only recognizes the bank's past but also emphasizes its ongoing commitment to excellence and professionalism in the financial sector.
SJR1487 is a resolution honoring Home Federal Bank of Tennessee on its 100th anniversary. The resolution acknowledges the significant contributions that the bank has made to the economic life of its community since it was founded in 1924. Originally operating under the name Home Building and Loan Association, the bank was established by a group of local businessmen with a mission to promote homeownership, which they believed was essential for community stability and growth.
In order to formally acknowledge this milestone, SJR1487 expresses the General Assembly's commendation of Home Federal Bank's leadership, board members, and employees. It encourages continued success and higher standards in financial services within the state, reinforcing the significant role that community banks play in the economic fabric of Tennessee.
The resolution highlights the importance of local financial institutions in fostering community development and economic prosperity. It reflects a broader recognition of institutions that contribute positively to their local economies. Celebrating such milestones serves to reinforce the trust and loyalty that customers have toward local businesses, while also showcasing the value of community engagement in banking.