NC lender to acquire Blue Ridge Bank for $448M
The deal would grow Asheville, North Carolina-based HomeTrust Bank to $7 billion in assets and 60 locations across the Southeast.
The deal would grow Asheville, North Carolina-based HomeTrust Bank to $7 billion in assets and 60 locations across the Southeast.
BELLINGS Intelligence Score: 31
Why it matters
The acquisition of Blue Ridge Bank by HomeTrust Bank is a notable regional bank consolidation that moderately affects the Southeast banking market but does not represent a systemic or sector-wide shift.
Sources
Banking Dive
NC lender to acquire Blue Ridge Bank for $448M
The deal would grow Asheville, North Carolina-based HomeTrust Bank to $7 billion in assets and 60 locations across the Southeast.