First Savings Bank now merged into THSB

Nov. 24—The Hometown Savings Bank has completed its merger transaction with First Savings Bank, THSB announced in a news release.

Bart Colwell, president of THSB announced the completed deal with the First Savings Bank in Danville, Illinois, was effective as of Nov. 1. First Savings Bank was merged into The Hometown Savings Bank.

Colwell said, "We are excited about the staff at FSB becoming part of THSB. We share the same hometown values, in our case going back to our founding in 1869."

Colwell said THSB had been looking to expand its footprint into new markets. Locating in Danville by joining with FSB presented the right opportunity.

He went on to say, "First Savings Bank is a community bank just like The Hometown Savings Bank. Both banks have the shared goal of providing personal banking services to local customers. We believe the FSB staff will be right at home in our culture. We look forward to serving customers in Danville and Vermilion County."

THSB, founded in Terre Haute in 1869, changed its name in early 2022 from Terre Haute Savings Bank to The Hometown Savings Bank.

THSB said at the time the new name would be more reflective of its mission as a hometown community bank that offers personal service and emphasizes the importance of building customer relationships.

THSB has five locations in Terre Haute, plus branch offices in Brazil, Riley, and West Terre Haute. The branch in Danville is THSB's ninth location.

With the addition of the loans and deposits of FSB, the Hometown Savings Bank's total assets are approximately $465 million.