HomeTrust Bancshares, Inc. (NYSE: HTB) has announced a definitive merger agreement to acquire Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) in an all-stock transaction valued at approximately $448.1 million.
The acquisition will expand HomeTrust's presence into Virginia markets, creating a commercial bank with over $7 billion in assets and more than 60 locations across the Southeast.
The merger positions the combined entity as one of only three major-exchange traded banks in the $5-10 billion range in the region, enhancing its potential for long-term growth and value creation for shareholders.
Blue Ridge shareholders will receive 0.086 of a share of HomeTrust common stock for each Blue Ridge share, based on HomeTrust's five-day volume-weighted average price of $49.82 per share as of August 14, 2026.
The transaction is anticipated to close early in the first quarter of 2027.
Piper Sandler & Co. is acting as financial advisor, while Silver Freedman, Taff & Tiernan LLP is providing legal counsel to HomeTrust for the transaction.
We are thrilled about the proposed combination with Blue Ridge and welcoming their team and customers to HomeTrust. This represents a compelling opportunity to further expand our presence in the attractive Virginia market and accelerate our growth strategy,” said C. Hunter Westbrook, President and Chief Executive Officer of HomeTrust.