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Contract Type
agreement
AshevilleFinancial ServicesFinanceLendingBankingDescription
HomeTrust Bancshares, Inc. and Apex Bank have entered into a definitive purchase and assumption agreement under which Apex will acquire HomeTrust’s two branches in Knoxville, Tennessee. The agreement includes the acquisition of physical locations, related fixed assets, and customer deposit accounts estimated at $42 million. HomeTrust will retain the loan accounts associated with the branches.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months