Home Federal Bank Prepares for Leadership Change with CEO Transition

Home Federal Bank Announces CEO Transition

Home Federal Bank, a cornerstone financial institution in Knoxville, Tennessee, is set to experience a significant leadership transition as Chairman and CEO David Reynolds has announced his upcoming retirement set for December 2026. This strategic move is part of a well-thought-out succession plan aimed at ensuring continued growth and service excellence in the community. Reynolds will remain engaged with the bank in an advisory capacity, allowing him to support ongoing initiatives and leadership.

Having dedicated over 30 years to Home Federal Bank and bringing a wealth of experience from his distinguished 50-year career in banking, Reynolds has been instrumental in the growth and integrity of the organization. After joining the bank in 1975, he quickly ascended the ranks, holding various key positions before becoming president in 2017 and subsequently, CEO in 2018. His unique vision and a commitment to ethical governance have defined his tenure, emphasizing the bank’s role as a community-centric financial provider.

In preparation for Reynolds’ retirement, Jonathan Mayfield will take over as CEO while retaining his role as president, a position he was appointed to in early 2025. Mayfield, a 22-year veteran of Home Federal Bank, is recognized for his focus on servant leadership—a philosophy that resonates deeply with the bank's mission of supporting the community. In his new dual role, he is expected to lead the bank through the evolving challenges of the financial industry while maintaining the strong ethical foundation that the institution is known for.

Reynolds expressed confidence in Mayfield’s capabilities, stating, "Jonathan brings a unique perspective on servant leadership combined with a clear vision for leading the bank forward through rapid industry change. He embodies our bank's values and demonstrates integrity, a passion for doing the right thing and exceptional team leadership skills. Home Federal Bank is in good hands with Jonathan Mayfield as CEO."

Mayfield has previously demonstrated his ability to navigate complexities within the banking sector and has been pivotal in driving forward-thinking initiatives that align with customer needs. His leadership style places utmost importance on community engagement and the need for robust ethical practices—values that are central to Home Federal Bank’s culture.

As the largest locally owned bank in East Tennessee, Home Federal Bank has been a pillar in the community since its inception in 1924. With 23 branches in the region, the bank offers a wide array of services, including mortgage and consumer loans, credit and debit cards, online banking, and business trust services. The transition in leadership is seen as an opportunity to build upon the bank's storied legacy of commitment to the community and innovative banking solutions tailored to an ever-changing economic landscape.

In his post-retirement role, Reynolds also plans to continue his support for local nonprofits and community initiatives, ensuring that his legacy of service to the Knoxville community will persist even after his official retirement. "I look forward to supporting our leadership team and promoting the vital work of Home Federal Bank in Knoxville," he stated, reinforcing his dedication to the community that has supported the bank throughout its history.

This planned transition positions Home Federal Bank favorably for the future, as it continues to adapt and cater to its customers while staying true to its ethical roots and community-focused approach.

As Knoxville and its financial needs evolve, Home Federal Bank remains committed to preserving its founding principles while embracing new challenges ahead.