Keasling to cede Home Federal CEO job to Reynolds

8/31/2017

Dale Keasling will step down as Home Federal Bank CEO on Dec. 31 as part of a planned succession, but will remain as board chairman.

David Reynolds, a longtime Home Federal executive who took over from Keasling as president in January 2016, will become CEO as well on that date.

The shift does not mean any major change in bank operations, Keasling said. He and Reynolds have worked together for more than 20 years, and Reynolds was involved in formulating the current plan, Keasling said.

“He understands our direction and he buys into it, agrees with it,” Keasling said. As board chairman, Keasling willretain advisory influence, though he won’t be involved in day-to-day operations, he said.

Keasling joined Home Federal as its president in 1992. He had worked for Valley Fidelity Bank since 1973, becoming president in 1980 and chairman in 1988, according to a news release. He moved to Home Federal after First Tennessee Bank bought Valley Fidelity.

“There are so many accomplishments at Home Federal I could point to with pride,” he said in the announcement. “However, I am most proud of our strong commitment to serving others and our community with the highest ethical standards.”

Keasling said he has been involved in local banking for 45 years, been a bank chairman or president for 38, and president or CEO of Home Federal for 25.

“It’s time for me to do a few things I didn’t have time to do,” he said.

Keasling will continue to live in Knoxville, but will spend more time on his farm in Greene County and more with his family, he said. He also intends to remain active on various nonprofit boards.

Home Federal, founded in 1924, is a locally owned bank with 23 offices in Knox, Anderson, Blount and Sevier counties.

Reynolds has been with Home Federal for 22 years, previously serving as executive vice president and manager of commercial banking. When Reynolds became president in January 2016, Keasling announced he would remain as CEO and board chairman for the “foreseeable future.”

Keasling said at the time he thought it was important to let people inside and outside the bank know who would be in long-term executive leadership.

Source: Knoxville News Sentinel by Jim Gaines

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