HomeTrust to buy Blue Ridge Bankshares in all-stock deal valued at $448.1 million - HTB News | RalliesHomeTrust to buy Blue Ridge Bankshares in all-stock deal valued at $448.1 million
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HTB• HomeTrust agrees to acquire Blue Ridge Bankshares
- HomeTrust agreed to acquire Blue Ridge Bankshares in an all-stock deal valued at about $448.1 million, or $4.28 per share.
- Blue Ridge shareholders will receive 0.086 HomeTrust shares for each Blue Ridge share, based on a $49.82 5-day VWAP.
- The merger would create a commercial bank with more than $7 billion in assets and over 60 locations across the Southeast.
- HomeTrust expects the deal to close early Q1 2027, with about 30% EPS accretion once cost savings are fully realized in 2028.
- HomeTrust estimates tangible book value dilution of about 8.3% at close, with a roughly 3.25-year earn-back period.
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