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Get to know HomeTown Bankshares Corporation

HomeTown Bankshares Corporation was the parent company of HomeTown Bank, a community-focused financial institution originally chartered in 1908. The bank was dedicated to providing personal and business banking services, including checking, savings, loans, and wealth management, primarily to customers in the Roanoke and New River Valleys of Virginia. In October 2023, HomeTown Bankshares Corporation completed a merger with American National Bankshares, Inc. Consequently, HomeTown Bank's operations and branches were integrated into American National Bank & Trust Company, continuing its community banking mission under the new brand.

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HomeTown Bankshares Corporation

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Founded in

2005 (21 Years)

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Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

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B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.