Community banking

HomeTrust to Expand into Virginia

By Kristin Broughton June 05, 2014, 7:04 p.m. EDT 1 Min Read

M&A

Jefferson's Sale Shows Ups and Downs of Post-Crisis M&A

Jefferson Bancshares' efforts to sell itself were marked by several fits and starts over three years, highlighting the fickle nature of consolidation since the financial crisis.

By Paul Davis

April 23
M&A

HomeTrust in N.C. to Buy Jefferson in Tennessee for $51M

HomeTrust Bancshares (HTBI) in Asheville, N.C., has agreed to buy Jefferson Bancshares (JFBI) in Morristown, Tenn.

By Paul Davis

January 23

Why stop with the Carolinas and Tennessee?

That's apparently the attitude at HomeTrust Bancshares (HTBI), which is headed into Virginia for the first time after announcing plans Thursday to open a commercial loan production office in Roanoke.

The $1.6-billion asset company, based in Asheville, N.C., also said that it plans to open full-service banking offices in the Roanoke Valley region in the near future.

"The Roanoke Valley market is a logical expansion to our Piedmont-North Carolina market and provides the opportunity to serve additional businesses in the region," Dana Stonestreet, the chief executive of HomeTrust, said in a press release.

HomeTrust has grown rapidly in recent months. It now has 12 branches in Tennessee after completing its acquisition of Jefferson Bancshares (JFBI), a $499-million asset bank in Morristown, last month. It also announced plans in March to acquire the $126 million-asset Bank of Commerce in Charlotte, N.C.

Following the opening of the new branch on June 30, HomeTrust will operate 35 offices in North Carolina, South Carolina, Tennessee and Virginia.

Kristin Broughton

twitter

For reprint and licensing requests for this article, click here.

Community banking

MORE FROM AMERICAN BANKER

M&A

Banner year for CU-bank tie-ups extends with deal in Maryland

Hanscom Federal Credit Union in Massachusetts said it would acquire Peoples Bancorp and its insurance agency. It marked the 21st deal of the year involving a credit union buying a bank.

By Jim Dobbs

December 20
OCC

OCC highlights growing pressures in 'sound' banking system

The OCC's 2024 annual report said that while the federal banking system remains stable, it faces challenges such as rising credit costs, declining net income and increasing nonperforming loans.

By Ebrima Santos Sanneh

December 20
Industry News

BNY expands employee benefits, boosts minimum wage to $25 per hour

BNY announced expanded employee benefits and a boost in its minimum wage for all U.S.-based employees; Synovus has added former FIS executive Greg Montana to its executive board; National Bank Holdings sold off a fifth of its securities portfolio; and more in this week's banking news roundup.

By Editorial Staff

December 20
Payments

Technology, fees and a mega-merger: top payments news of 2024

The Capital One-Discover merger, the war against Visa and Mastercards' swipe fees and budding payment technologies were most popular with American Banker readers in 2024.

By Editorial Staff

December 20
Social media

Banks fleeing X may soon turn to Bluesky

Financial institutions that build a presence on the social media platform could gain a first-mover advantage and a communications channel with potential customers, experts say.

By Keith Button

December 20
Litigation

CFPB sues BofA, JPM and Wells over Zelle fraud

The Consumer Financial Protection Bureau sued three of the largest U.S. banks for fraud perpetrated on the bank-owned payment network Zelle, alleging shoddy safeguards and millions in consumer losses.

By Kate Berry

December 20