HomeTrust Bancshares, Inc. (HTB): M&A transaction — HomeTrust completes $70.8M merger with Quantum Capital Corp.

HomeTrust Bancshares, Inc.

Consideration: ~$33.0M cash + 1,374,646 shares of HTBI common stock.
Pro forma combined entity: ~$4.3B assets, $3.6B loans, $3.6B deposits.
Bryan Cohen named Georgia Market President of HomeTrust Bank.
Dr. Narasimhulu Neelagaru to join boards of HomeTrust and HomeTrust Bank in June 2023.
Quantum National Bank branches to operate under current name until systems conversion in mid-March 2023.

item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Dr. Narasimhulu Neelagaru

Director

HTB · HomeTrust Bancshares, Inc.

Filed: February 13, 2023, 6:59 PM ET

In connection with the Merger, HomeTrust will appoint, subject to any legal or regulatory requirements, Dr. Narasimhulu Neelagaru ("Dr. Neel") as a director of HomeTrust and HomeTrust Bank, in June 2023, to serve for a term ending at the annual meeting following his attaining seventy-five (75) years of age.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Narasimhulu Neelagaru was appointed as Director at HomeTrust Bancshares, Inc..

Action: appointed
Role: Director

Exact text from the filing

In connection with the Merger, HomeTrust will appoint, subject to any legal or regulatory requirements, Dr. Narasimhulu Neelagaru ("Dr. Neel") as a director of HomeTrust and HomeTrust Bank, in June 2023, to serve for a term ending at the annual meeting following his attaining seventy-five (75) years of age.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HomeTrust Bancshares, Inc. completed an acquisition involving Quantum Capital Corp. for $57.54 in cash and HomeTrust common stock based on a fixed exchange ratio of 2.3942 (closed 2023-02-12).

Action: acquisition
Counterparty: Quantum Capital Corp.
Consideration: $57.54 in cash and HomeTrust common stock based on a fixed exchange ratio of 2.3942
Closing: 2023-02-12

Exact text from the filing

with and into HomeTrust Bank. As a result of the Merger, each share of Quantum common stock outstanding immediately prior to completion of the Merger is being exchanged for $57.54 in cash and HomeTrust common stock (“HomeTrust Common Stock”) based on a fixed exchange ratio of 2.3942, with cash in lieu of fractional shares being paid based on the closing

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

HomeTrust Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001538263-23-000013

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