HomeTrust Bancshares, Inc. entered into a definitive Agreement and Plan of Merger to acquire Blue Ridge Bankshares, Inc. in an all-stock transaction valued at approximately $448.1 million. Under the terms, Blue Ridge shareholders will receive 0.086 shares of HomeTrust common stock for each share held, plus cash in lieu of fractional shares. The merger involves a two-step process where Blue Ridge merges into HomeTrust, and their respective bank subsidiaries also merge. The transaction is expected to close in the first quarter of 2027, subject to regulatory and shareholder approvals. HomeTrust Bancshares operates as a regional community bank holding company.
