HomeTrust Bancshares, Inc. Announces Stock Repurchase Program
ASHEVILLE, N.C., Aug. 27, 2013 (GLOBE NEWSWIRE) -- HomeTrust
Bancshares, Inc. (the "Company") (Nasdaq:HTBI), the holding company for
HomeTrust Bank (the "Bank"), announced today that the Company's Board
of Directors has authorized the repurchase of up to 1,041,245 shares of
the Company's common stock, representing 5% of the Company's
outstanding shares. The shares may be purchased in the open market or
in privately negotiated transactions, from time to time depending upon
market conditions and other factors.
Dana Stonestreet, President and Co-CEO, stated, "Our capital position
provides us with the capability to repurchase shares when the
opportunity arises and reinforces our commitment to creating sustained
long-term shareholder value."
About HomeTrust Bancshares, Inc.
HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank
(the "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. With
$1.58 billion in assets as of June 30, 2013, the community-oriented
financial institution offers traditional financial services within its
local communities through its 21 full service offices in Western North
Carolina, including the Asheville metropolitan area, the "Piedmont"
region of North Carolina, and Greenville, South Carolina. The Bank is
the 12th largest bank headquartered in North Carolina.