M&A Deal Summary

HomeTrust Bank Acquires Jefferson Federal Bank

On January 23, 2014, HomeTrust Bank acquired financial services company Jefferson Federal Bank for 51M USD

Acquisition Highlights
  • This is HomeTrust Bank’s 1st transaction in the Financial Services sector.
  • This is HomeTrust Bank’s largest (disclosed) transaction.
  • This is HomeTrust Bank’s 1st transaction in the United States.
  • This is HomeTrust Bank’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2014-01-23
Target Jefferson Federal Bank
Sector Financial Services
Buyer(s) HomeTrust Bank
Deal Type Add-on Acquisition
Deal Value 51M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Kilpatrick Townsend & Stockton LLP (Legal)

Target

Jefferson Federal Bank

Morristown, Tennessee, United States
website
Jefferson Federal Bank is headquartered in Morristown, Tennessee. Its holding company, Jefferson Bancshares, Inc., has over $498 million in combined assets. Jefferson operates a total of 12 banking facilities in Hamblen County, Knoxville, and the greater Johnson City and Kingsport, Tennessee areas.

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Buyer(S) 1

Buyer

HomeTrust Bank

Asheville, North Carolina, United States

website

Category Company
Founded 1926
Sector Financial Services
Employees493
Revenue 150M USD (2022)
DESCRIPTION
HomeTrust Bank's headquarters in Asheville, North Carolina.
HomeTrust Bank's headquarters in Asheville, North Carolina.

HomeTrust Bank is a community-focused bank that provides a range of financial services to individuals and businesses in the Southeastern United States. HomeTrust Bank operates over 40 branches in North Carolina, South Carolina, Tennessee, and Virginia, and offers a variety of deposit accounts, loans, and other banking services. HomeTrust was founded in 1926 and is headquartered in Asheville, North Carolina.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Tennessee) 1 of 2
Country (United States) 1 of 4
Year (2014) 1 of 2
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Bank of Commerce

Charlotte, North Carolina, United States

Bank of Commerce is a chartered banking institution. Bank of Commerce has served the needs of independently owned businesses in the Charlotte, N.C. area from its midtown Charlotte office located at 100 Queens Road.

Buy $10M
Mergr

Product

Company

Legal