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HomeTrust Bancshares Completes 4 Percent Stock Repurchase Program

 

May 2 - HomeTrust Bancshares Inc., Asheville, N.C., (Nasdaq: HTBI), the holding company for HomeTrust Bank, has announced the completion of the company's stock repurchase program. The program was authorized by the company's board of directors on Feb. 11, 2013, to fund the restricted stock portion of the company's 2013 Omnibus Incentive Plan, which was approved at the company's annual meeting of stockholders held on Jan. 17, 2013.

A total of 846,400 shares, or 4 percent of the company's then outstanding shares, were purchased at a total cost of approximately $13.3 million, or an average cost of $15.71 per share.

About HomeTrust Bancshares Inc.
HomeTrust Bancshares is the holding company for HomeTrust Bank. HomeTrust 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 - is a community-oriented financial institution with $1.6 billion in assets as of March 31, 2013. The bank offers traditional financial services within its local communities through its 20 full-service offices in Western North Carolina, including the Asheville metropolitan area and the "Piedmont" region of North Carolina. The bank is the 12th largest bank headquartered in North Carolina.

 


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