North Carolina's HomeTrust has agreed to buy Virginia-based Blue Ridge Bankshares in an all-share deal worth about $448.1m.
The transaction would extend HomeTrust's presence into Virginia.
The merger would form a commercial bank with more than $7bn in **** ets and over 60 branches and offices across the Southeast.
Under the agreed terms, Blue Ridge investors will receive 0.086 HomeTrust common shares for each share held.
After the transaction is completed, existing HomeTrust investors are expected to hold about 65% of the combined group, while Blue Ridge investors are set to own roughly 35%.
#investors #transaction
The transaction would extend HomeTrust's presence into Virginia.
The merger would form a commercial bank with more than $7bn in **** ets and over 60 branches and offices across the Southeast.
Under the agreed terms, Blue Ridge investors will receive 0.086 HomeTrust common shares for each share held.
After the transaction is completed, existing HomeTrust investors are expected to hold about 65% of the combined group, while Blue Ridge investors are set to own roughly 35%.
#investors #transaction
3 days ago
