Blue Ridge Bank Acquired by HomeTrust | Richmond News

Blue Ridge Bank is set to be acquired by HomeTrust Bank in a $448 million all-stock deal, merging Blue Ridge’s $2.5 billion in assets and 27 branches with HomeTrust’s existing footprint to create a Southeast powerhouse with over 60 locations — including HomeTrust’s first entry into Richmond. After years of financial turmoil, risky lending, and regulatory scrutiny, Blue Ridge’s turnaround — fueled by capital injections and leadership changes — has paved the way for this strategic move. The acquisition, initiated by Blue Ridge’s interim CEO earlier this year, was driven by HomeTrust’s desire to expand its Virginia presence, attracted by Blue Ridge’s established market roots. With no branch or customer overlap, the integration promises stability for 270 employees and unlocks bigger lending opportunities for the combined entity. Final approval from shareholders and regulators is still pending, but the Blue Ridge name will eventually fade as HomeTrust takes the reins — marking a triumphant, albeit bittersweet, chapter in the bank’s recovery story. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/49fae321b5309a55