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HomeTrust Bancshares acquires Blue Ridge Bankshares

PUBLIC · HTBAug 17, 2026about 2 hours ago

Acquiring Company

HomeTrust Bancshares

Acquired Company

Blue Ridge Bankshares

AshevilleUnited StatesFinancial ServicesBankingFinancial ServicesFinanceLendingBanking

Description

HomeTrust Bancshares, Inc. has announced its acquisition of Blue Ridge Bankshares, Inc. This strategic move aims to expand HomeTrust's presence in attractive markets across Virginia. The deal is anticipated to enhance service offerings and increase customer engagement in the region.

Company Information

Company

HomeTrust Bancshares

Location

Asheville, North Carolina, United States

About

HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank. As of September 30, 2023, the Company had assets of $4.7 billion. The Bank, founded in 1926, is a North Carolina state chartered, community-focused financial institution committed to providing value added relationship banking with over 30 locations as well as online/mobile channels. Locations include: North Carolina (including the Asheville metropolitan area, the "Piedmont" region, Charlotte, and Raleigh/Cary), South Carolina (Greenville and Charleston), East Tennessee (including Kingsport/Johnson City, Knoxville, and Morristown), Southwest Virginia (including the Roanoke Valley) and Georgia (Greater Atlanta).

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Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Blue Ridge Bankshares?

Blue Ridge Bankshares was acquired by HomeTrust Bancshares, based in Asheville. The deal was reported on August 17, 2026. HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank. As of September 30, 2023, the Company had assets of $4.7 billion. HomeTrust Bancshares is publicly traded (HTB) and operates in Financial Services.

When did HomeTrust Bancshares acquire Blue Ridge Bankshares?

HomeTrust Bancshares's acquisition of Blue Ridge Bankshares was reported on August 17, 2026. HomeTrust Bancshares, Inc. has announced its acquisition of Blue Ridge Bankshares, Inc. This strategic move aims to expand HomeTrust's presence in attractive markets across Virginia. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Blue Ridge Bankshares do?

Blue Ridge Bankshares, Inc. is a Virginia-based bank holding company primarily engaged in the business of banking and financial services. It is publicly traded (BRBS), operating in Financial Services, and is based in United States.

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