HomeTrust announces successful conversion and stock offering
July 24, 2012
HomeTrust Bancshares, Inc. announced that it became the holding company for HomeTrust Bank (the “Bank”), in connection with the completion of the Bank’s conversion from the mutual to stock form of organization and HomeTrust Bancshares’s related public stock offering. HomeTrust Bancshares’s common stock begin trading on the Nasdaq Global Market on July 11, 2012, under the symbol “HTBI”.
HomeTrust Bancshares sold 21,160,000 shares of common stock at $10.00 per share, for gross offering proceeds of $211,600,000. The offering was oversubscribed in the community offering.
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| HomeTrust executive team in Times Square |
HomeTrust Bank, including its banking divisions – HomeTrust Bank, Tryon Federal Bank, Shelby Savings Bank, Home Savings Bank, Industrial Federal Bank, Cherryville Federal Bank and Rutherford County Bank, is a community-oriented financial institution with $1.6 billion in assets as of March 31, 2012 offering traditional financial services within its local communities through its 20 full service offices in Western North Carolina, including the Asheville metropolitan area, and the “Piedmont” region of North Carolina. The Bank is the 11th largest bank headquartered in North Carolina.