HomeTrust Bancshares, Inc. is a bank holding company. The Company operates through HomeTrust Bank (the Bank). The Bank is a federally chartered mutual savings bank with 20 retail offices located in North Carolina. The business of the Bank is conducted through its seven operating divisions: HomeTrust Bank, Cherryville Federal Bank, Home Savings Bank of Eden, Industrial Federal Bank of Lexington, Shelby Savings Bank, Tryon Federal Bank and Rutherford County Bank. Its wholly owned subsidiary, Western North Carolina Service Corporation (WNCSC), owns office buildings in Asheville and Hendersonville, North Carolina that are leased to the Bank and several other tenants. In August 2014, the Company announced that HomeTrust Bank completes acquisition of Bank of Commerce.