other material
confidence high
sentiment neutral
materiality 0.40
HomeTrust sells two Knoxville branches to Apex Bank; $42M in deposits transferred
HomeTrust Bancshares, Inc.
- Apex Bank to acquire physical locations, fixed assets, and $42 million in customer deposits.
- HomeTrust retains all loan accounts associated with the branches.
- Transaction expected to close in Q2 2025, subject to regulatory approvals.
- Piper Sandler advised HomeTrust; Baker Donelson advised Apex.