M&A Deal Summary

HomeTrust Bank Acquires Bank of Commerce

On June 30, 2014, HomeTrust Bank acquired financial services company Bank of Commerce for 10M USD

Acquisition Highlights
  • This is HomeTrust Bank’s 2nd transaction in the Financial Services sector.
  • This is HomeTrust Bank’s 3rd largest (disclosed) transaction.
  • This is HomeTrust Bank’s 2nd transaction in the United States.
  • This is HomeTrust Bank’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2014-06-30
Target Bank of Commerce
Sector Financial Services
Buyer(s) HomeTrust Bank
Deal Type Add-on Acquisition
Deal Value 10M USD
Advisor(s) Raymond James - Investment Banking (Financial)

Target

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.

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Buyer(S) 1

Buyer

HomeTrust Bank

Asheville, North Carolina, United States
Category Company
Founded 1926
Sector Financial Services
Employees541
Revenue 186M USD (2023)
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 2 of 4
Sector (Financial Services) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (North Carolina) 1 of 2
Country (United States) 2 of 4
Year (2014) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Jefferson Federal Bank

Morristown, Tennessee, United States

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.

Buy $51M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 United Financial of North Carolina

North Carolina, United States

United Financial of North Carolina, Inc. is specializes in providing financing for fire departments and municipalities for the purchase of fire trucks and related equipment as well as the construction of fire stations and other municipal buildings across the Carolinas and other southeastern states.

Buy -
Mergr

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