Hampton State Bank extends offer to "Come Home"

 

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HAMPTON, IOWA – Hampton State Bank announced that it will extend its $1 million commitment to attract former Franklin County residents back to the area through December 2008.

"It is Hampton State Bank’s intention to fulfill the entire $1 million in Come Home to Franklin County® loans," stated Brad Davis, President & CEO of Hampton State Bank.

Launched in November 2005, the Come Home to Franklin County® program is an innovative economic development initiative offering low interest home and car loans as well as other benefits to attract graduates of high schools located in Franklin County to make their homes again in the county.

"Come Home to Franklin County® has proven to be an effective means to inspire people to return to their hometown roots," says Davis. "In the history of the bank, this program has been the best campaign Hampton State Bank has offered. It is a proactive way to bring people back to our state and to our communities, benefiting not only the individuals who take advantage of the program, but also the communities where they return."

Since it’s inception, Hampton State Bank has assisted seven households under the Come Home program, equaling $480,718 in low interest loans. The program includes home and car loans at an attractive reduced rate, a free personal computer, and free use of many Hampton State Bank products.

The Come Home to Franklin County® initiative has also benefited Franklin County residents and businesses by:

    • Creating visibility in local, state and nationwide media outlets
    • Earning statewide industry recognition for outstanding innovation and service, such as the City of Hampton’s citing as Federal Home Loan Bank Capital Community Award
    • Hampton State Bank’s donation of $250 to the Franklin County Development Association for each program trademark sold to other Iowa banks (four programs at $1,000 to date)

To qualify for Come Home to Franklin County® benefits, applicants must:

    • Be a graduate of a high school located in Franklin County
    • Return to reside in Franklin County
    • Receive credit approval for the home and auto loans

Some restrictions apply and rates are variable and may change.

Hampton State Bank has over $500,000 left to distribute through Come Home to Franklin County® .

"HSB is motivated by distributing the money and bringing people back, rather than a deadline," says Davis. "The more people who take advantage of this offer, the more our communities benefit; so I encourage people to spread the word to their families and friends that HSB’s offer to "Come Home" has been extended. We want them back, and HSB has made it easy and affordable to come home."

For more information about Come Home to Franklin County® , please contact Brad Davis at 641-456-2559 or bdavis@hamptonstate.com.

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