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Hampton State Bank announced that it
will continue its $1 million commitment to attract former Franklin
County residents back to the area through December 2009.
"It is Hampton State Bank’s
intention to fulfill the entire $1 million in Come Home to Franklin
CountyÒ loans," stated Brad Davis,
President & CEO of Hampton State Bank.
Launched in November 2005, the Come Home to Franklin CountyÒ
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.
To qualify for Come Home to Franklin CountyÒ
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.
Since it’s inception, Hampton State Bank has assisted eleven
households under the Come Home program, totaling over $860,000 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.
Hampton State Bank celebrated the third anniversary of the
program by exhibiting and offering the program to banks on a
nationwide scale at the American Bankers Association National Ag
Bankers Conference held in Des Moines on November 17-18. The most
recent bank to acquire the Come Home program is The First National
Bank of Pawnee, Oklahoma.
"Come Home to Franklin CountyÒ
has proven to be an effective means to inspire people to return to
their hometown roots," says Davis. "Given the positive
feedback and inquiries we have received with the Come Home program,
it made sense that we offer the program to banks nationwide."
"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" continues," says Davis.
For more information about Come Home to Franklin CountyÒ
, please contact Brad Davis at 641-456-2559 or bdavis@hamptonstate.com.
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