Mergers & Acquisitions ·
Blue Ridge Bankshares, Inc. entered into a definitive merger agreement with HomeTrust Bancshares, Inc., under which…
BRBSBlue Ridge Bankshares, Inc.
Blue Ridge Bankshares, Inc. entered into a definitive merger agreement with HomeTrust Bancshares, Inc., under which Blue Ridge will be acquired in an all-stock transaction valued at approximately $448.1 million. Each share of Blue Ridge common stock converts to 0.086 shares of HomeTrust common stock plus cash for fractional shares, representing $4.28 per share based on a five-day VWAP of $49.82. The combined entity will hold over $7 billion in assets and more than 60 locations across the Southeast. Blue Ridge shareholders are expected to own approximately 35% of the merged company, while HomeTrust stockholders will retain roughly 65%. The transaction is anticipated to close in early Q1 2027, subject to regulatory and shareholder approvals. Blue Ridge Bankshares operates as a regional commercial bank holding company providing retail and commercial banking services.