The $148.7 million-asset company said in a press release that it made the change earlier this month to "reinforce its mission of being a community based company." In 1993, the bank changed its charter to allow for commercial lending.
Howard T. Boyle II, Hometown's president and chief executive, said in the release that it was time for an update due to the bank’s increased commercial lending. The name Hometown Bank also has a more direct relationship with the name of the holding company.
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