Apex Bank to acquire two Knoxville branches from HomeTrust Bank.

Synopsis

Apex Bank, a locally owned and operated community bank, agreed to acquire two Knoxville branches from HomeTrust Bank, a community-focused financial services provider. Financial terms were not disclosed. "This transaction aligns with our strategic plan to tighten our geographic footprint, improve our branch efficiencies, and allocate our capital to support our long-term growth in other core markets," Hunter Westbrook, HomeTrust Bancshares President and CEO.

Principals

target

Hometrust Bank (knoxville Branches)

bidder

Apex Bank

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Market Context

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Bidder Team (1)

matt daniels

President and CEO at APEX BANK

Manager

bidder

Deal

n/a

Total Value

Vendor Team (1)

hunter westbrook

President and CEO at HOMETRUST BANCSHARES

Manager

vendor

Deal

n/a

Total Value

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