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Salt Lake City — Home Federal Bank has opened a new loan production office in Draper to serve the Salt Lake and Utah County markets. The new office will provide construction loans to residential and commercial builders.
Wayne Wagstaff has been hired as vice president and builder finance relationship manager to lead the new loan production office. His responsibilities will include developing and managing residential builder relationships and commercial multi-family construction loans throughout Utah.
"We have expanded our builder finance team into the Salt Lake area to leverage our expertise and provide value to a strong market," said Home Federal Bank CEO Len Williams. "Wayne is a great addition to the team. His extensive industry knowledge and experience will provide tremendous value to both the Utah market and the bank as he steps into this new role."
Wagstaff has 35 years of banking and financial industry experience including commercial and residential construction lending, special asset management and internal audit.