Jefferson Bancshares' efforts to sell itself were marked by several fits and starts over three years, highlighting the fickle nature of consolidation since the financial crisis.

Jefferson's (JFBI) board agreed to sell the $499 million-asset company to HomeTrust Bancshares (HTBI) Asheville, N.C., in January for $51.2 million. But the Morristown, Tenn., company initially asked Keefe, Bruyette & Woods to reach out to would-be suitors in 2011.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.