Preservation Partner Highlight: Home Federal Bank
Hometown Bank Invests in Downtown Knoxville
Home Federal Bank, longtime partners to Knox Heritage, strengthened their commitment to historic preservation with the recent transformation of their offices at 517 Market Street. Originally constructed in the early 1900s, the two-story building has undergone several renovations over the last 100 years but needed a comprehensive rehabilitation to make it viable for another generation.
Given the historic character and its prominent location across from Krutch Park, this project was an opportunity not only to provide improved office space, but also to preserve and improve Knoxville’s historic streetscape. The project was recently completed at the end of 2021 by McCarty Holsaple McCarty architects and their interior design team.
“Our restored building will benefit from—and contribute to—our community’s downtown revitalization efforts. This building has stood for over 100 years and will last another 100 years with proper care and maintenance,” said David Reynolds, President and CEO of Home Federal Bank.
“We established our bank in 1924 in downtown Knoxville and have been serving the East TN region ever since. Knoxville and Home Federal have grown together, and we will continue to invest in our hometown,” stated Reynolds.
“MHM’s project team had several goals for the renovation: stabilize, repair, insulate, and waterproof the existing structure; preserve and support the historic character of the exterior; and transform the interior into a bright, modern office environment,” said Brad Raines, a Project Architect of McCarty Holsaple McCarty.
“All the original decorative woodwork, pressed metal, and stone of the street façade was repaired and restored. Previous modifications to the entrance that were not in keeping with the original façade were removed and replaced with entry designs that were compatible with the original proportion and detailing. All replacement windows and doors are based on the original designs,” explains John Thurman, the Business Development Director of McCarty Holsaple McCarty.
Although it is not located within downtown Knoxville’s historic district, the building’s detailed façade shows exemplary craftsmanship with historic integrity that warrants restoration and preservation.
Knox Heritage Interim Executive Director, Christine Cloninger, shared “Knox Heritage is grateful for Home Federal Bank’s commitment to and investment in downtown Knoxville. The building at 517 Market has a storied history and the renovation and restoration of the building’s facade will be a beautiful new addition to the city’s streetscape.”