HomeTrust Bancshares Merges with Quantum Capital in Deal Valued at USD 67m.

MANews-(C)2009-2022

North Carolina, US-based HomeTrust Bancshares, Inc. (NASDAQ: HTBI), the holding company of HomeTrust Bank, has agreed to merge with Georgia, US-based Quantum Capital Corp. in a stock and cash transaction valued at approximately USD 67.6m, the company said.

Under the terms of the Agreement, HomeTrust will pay approximately USD 33m of cash and issue 1,374,646 shares of HomeTrust common stock to the shareholders of Quantum. Upon consummation of the transaction, Quantum will be merged with and into HomeTrust and Quantum National Bank will be merged with and into HomeTrust Bank.

Quantum is the holding company of Quantum National Bank, a USD 660m asset bank.

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