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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…
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