-
HomeTrust Bank in Asheville, N.C., is set to raise up to $211.6 million as it converts to a stock-owned bank from a mutual thrift.
July 10 -
HomeTrust Bancshares (HTBI) in Asheville, N.C., announced that its chief executive is stepping down after nearly 50 years at the helm.
March 28
HomeTrust Bancshares (HTBI) in Asheville, N.C., has agreed to buy BankGreenville Financial (BGVF) in South Carolina.
HomeTrust will pay $7.8 million in cash for the $110 million-asset BankGreenville, the companies said Monday. At $6.60 a share, the consideration represents a 164% premium to BankGreenville's Friday closing price. The final price could reach $8.7 million, depending on the performance of a pool of the seller's loans over the next 24 months.
The purchase, which is expected to close in the third quarter, would mark the first expansion outside North Carolina for the $1.6 billion-asset HomeTrust, which has 20 branches. BankGreenville has one branch.
"We are excited to expand our franchise into the upstate South Carolina market and to partner with such a quality community bank," Dana Stonestreet, HomeTrust's president and chief operating officer, said in a press release. "With our strong capital base and historical success in partnership growth, we are well-positioned to forge additional community bank strategic partnerships across the Carolinas."
HomeTrust was advised by Stifel Financial's Keefe, Bruyette and Woods. BankGreenville was advised by Banks Street Partners.
HomeTrust