HomeTown Bankshares Corporation operates as the bank holding company for HomeTown Bank that provides retail and commercial banking products and services in the United States. It offers various deposit products, such as checking accounts, savings and time deposits, daily money market accounts, longer-term certificates of deposit, and individual retirement accounts. The company's loan portfolio includes commercial loans comprising secured and unsecured loans for working capital consisting of inventory and receivables; business expansion loans, such as real estate acquisition and improvement loans; and loans for the purchase of equipment and machinery. It also offers consumer loans and lines of credit comprising secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; fixed and floating-rate mortgage loans; and real estate construction and acquisition loans, as well as consumer residential mortgage loans. In addition, the company offers investment products and financial advisory services; insurance products and services; private banking services; and safe deposit boxes, traveler's checks, direct deposit of payroll and social security checks, automatic drafts for various accounts, overdraft protection, check cards, credit cards, and merchant card services, as well as Internet banking services, such as online bill pay and mobile banking services. Its market area primarily consists of the City of Roanoke, Roanoke County, and the City of Salem, Virginia; and contiguous counties, including Botetourt, Bedford, Franklin, and Montgomery, Virginia. As of March 30, 2018, the company provided its products and services through six locations in Virginia. HomeTown Bankshares Corporation was founded in 2004 and is headquartered in Roanoke, Virginia.
