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Stock Market & Financial Investment News

News Breaks
June 30, 2014
16:14 EDTHTBIHomeTrust, Bank of Commerce announces shareholder, regulatory approval of merger
HomeTrust Bancshares, the parent company of HomeTrust Bank, and Bank of Commerce jointly announced that Bank of Commerce's shareholders have overwhelmingly approved the previously announced share exchange. In addition, all regulatory approvals required for the share exchange and the subsequent merger of Bank of Commerce with and into the Bank have been received. Under the terms of the definitive agreement, Bank of Commerce shareholders will receive $6.25 per share in cash consideration, representing approximately $10.1M of aggregate deal consideration. In addition, all $3.2M of Bank of Commerce's preferred stock will be redeemed. The share exchange, redemption of the preferred stock and merger are each expected to close on July 31, subject to the satisfaction of customary closing conditions. Upon the completion of the merger, HomeTrust will have approximately $2.2B in assets.
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July 28, 2014
16:26 EDTHTBIHomeTrust reports Q4 EPS 8c, one estimate 13c
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