HomeTrust Bancshares To Acquire Blue Ridge Bankshares in a $448.1 Million Deal

HomeTrust Bancshares, Inc. (HTB) entered a merger agreement on August 17, 2026, to acquire Blue Ridge Bankshares, Inc. (BRBS) in a deal valued at $448.1 million.

Deal Structure:

Blue Ridge shareholders will receive 0.086 shares of HomeTrust common stock for each share of Blue Ridge common stock.

The deal would result in aggregate consideration of $4.28 per share, representing a premium of 16% from the stock’s last close.

Company Profile:

Blue Ridge is a bank holding company that provides commercial and retail banking, mortgage lending, wealth management, trust, and other financial services through Blue Ridge Bank, N.A. The company operates branches across Virginia and North Carolina and has approximately $1.6 billion in assets and $1.4 billion in deposits.

HomeTrust is the holding company for HomeTrust Bank, a community bank providing retail and commercial banking, lending, deposit, and cash management services across North Carolina, South Carolina, Tennessee, Virginia, and Georgia. The company has about $4.4 billion in assets.

Deal Details and Timeline:

The acquisition expands HomeTrust’s footprint into the Virginia markets, creating a commercial bank with more than $7 billion in assets and over 60 locations across the Southeast.

About 25% of Blue Ridge’s warrant holders have agreed to exchange their warrants for HomeTrust common stock. The remaining warrant holders can choose to either exchange their warrants for HomeTrust common stock or convert them into newly issued HomeTrust warrants.

HomeTrust stockholders are expected to own approximately 65% of the combined company, with Blue Ridge shareholders owning roughly 35%.

Two Blue Ridge directors will join the boards of HomeTrust and HomeTrust Bank.

The merger is expected to close early in the first quarter of 2027.

Blue Ridge was advised by Stephens on financial matters and Williams Mullen on legal matters. HomeTrust was advised by Piper Sandler on financial matters and Silver Freedman, Taff & Tiernan on legal matters.

HomeTrust is acquiring Blue Ridge for 1.19 times its tangible book value.

Deal Metrics:

For an in-depth analysis of this M&A transaction, please visit the Deal Metrics page here:
Deal Metrics for the acquisition of Blue Ridge Bankshares, Inc. (BRBS) by HomeTrust Bancshares, Inc. (HTB)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement to completion or failure.
• Progression of the merger through various stages, including HSR period expiration, regulatory approvals, shareholder votes, etc.
• News and SEC filings related to the deal.
• A history of deal updates.
• And much more.

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Editor’s Note: Baranjot Kaur contributed to this article