Reynolds, who has served the institution for over 30 years, will retain his role as chairman of the board while transitioning into an advisory capacity. His departure concludes a tenure that saw him rise from president in 2017 to CEO in 2018, and eventually board chairman in 2025. He intends to maintain an active presence in the community, continuing his support for local nonprofits and regional initiatives.

Jonathan Mayfield, a 22-year veteran of the organization, will assume the dual titles of president and CEO. His appointment follows a comprehensive planning process initiated in early 2025. Reynolds praised his successor’s grasp of servant leadership and his ability to navigate the shifting demands of the modern banking industry. Home Federal Bank, founded in 1924, operates 23 locations across Knox, Anderson, Blount, and Sevier counties.