Overview
- Mountain Commerce shareholders will receive 0.850 shares of HOMB for each share, implying $23.51 per share and a total value of about $150.1 million based on a 20‑day VWAP of $27.66.
- Boards of both companies unanimously approved the definitive agreement, with closing targeted for early in the first half of 2026 pending regulatory and Mountain Commerce shareholder approvals.
- Home positions Mountain Commerce as its Tennessee platform across Knoxville, Nashville and Johnson City, with CEO Bill Edwards set to lead the state for the combined company.
- Management projects immediate accretion, including estimated EPS increases of 1.4% in 2026 and 3.0% in 2027, along with gains in book value and tangible book value per share.
- The pro forma company is expected to have roughly $25 billion in assets, $19.2 billion in deposits and $17 billion in loans, and advisers include Piper Sandler and Bass, Berry & Sims for Mountain Commerce and Hovde Group, DD&F Consulting Group and Mitchell, Williams for Home.