(August 24, 2022) Martinsville, VA: Martinsville First Savings Bank, an independent depositor-owned bank announces the appointment of Simone Redd as President. Redd, a lifetime resident of Martinsville and 30-plus year banking professional, will assume her new role immediately. She replaces Roger Hornsby, president and CEO, who retired after 33 years of service from First Martinsville on August 17.
“Simone knows first-hand how important mutual banking is for our customers and communities and the impact we can have on making an economic difference to our region,” said Glenn C. Edwards, First Martinsville Board Chairman. “Her community roots and banking experience make her the ideal president to lead Martinsville First into the future.”
Redd represents Martinsville First throughout Martinsville and Henry County and the surrounding communities. She proudly demonstrates her community commitment and engagement by serving on the Board of Directors for local organizations including MARC workshop (Ethics Chairperson, Treasurer) and the New College Foundation (Chairperson). She has been an active leader in other local and regional organizations including United Way, Chamber of Commerce, Harvest Foundation and Boys and Girls Club.
“Our rich legacy in this area makes us a true partner to the customers and businesses we serve,” said Redd. “I am honored to continue that legacy by strengthening our current relationships and creating new opportunities to help our communities thrive.”
Redd previously served in Branch Operations and Administration at Martinsville First. Before joining Martinsville First in 2017, she held Chief Financial Officer and Head of Retail Banking for other area banks. Redd holds a bachelor’s degree in accounting from Virginia Tech.
About Martinsville First
Martinsville First Savings Bank is an independent mutual bank based in Martinsville, Virginia with approximately $40 million in assets. Martinsville First has provided banking products and services to Martinsville and Henry County and the surrounding communities since 1924. martinsvillefirst.com
About First Mutual Holding Co.
First Mutual Holding Co. (FMHC) is a member-owned holding company headquartered in Ohio. FMHC provides a structure that allows independent affiliate banks to continue to serve their communities and grow as member-owned institutions. Affiliates of FMHC include First Federal Lakewood (Lakewood, OH), First Mutual Bank FSB, (Belpre, OH), Blue Grass Federal Savings and Loan (Paris, KY), Warsaw Federal Savings and Loan (Cincinnati, OH) and Martinsville First Savings Bank (Martinsville, VA).