HomeTrust (HTBI) Bancshares announced that HomeTrust and Apex have entered into a definitive purchase and assumption agreement under which Apex will acquire HomeTrust’s two branches in Knoxville, Tennessee. Under the terms of the agreement, Apex will acquire the physical locations, related fixed assets, and substantially all the customer deposit accounts which are currently estimated at $42M. HomeTrust will retain the loan accounts associated with the branches. The proposed transaction, which is subject to customary closing conditions, including approval by applicable regulatory authorities, is currently anticipated to close in the second quarter of 2025.
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