Hawthorn Bancshares to buy FSC Bancshares in cash-and-stock deal valued at $28.3 million

• Hawthorn Bancshares agreed to acquire FSC Bancshares in a cash-and-stock deal valued at about $28.3 million, based on Hawthorn’s April 28 close of $34.57.
• FSC shareholders are set to receive 413,101 shares of Hawthorn common stock plus USD 14 million in cash.
• Closing is targeted for Q3 2026, subject to shareholder vote and regulatory clearances.
• Combined company is projected to have about $2.2 billion in assets, $1.7 billion in loans, and $1.9 billion in deposits as of March 31, 2026.
• Transaction is expected to add about $384 million in assets and nine branches, with Hawthorn forecasting roughly 20% EPS accretion on a fully phased-in basis.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hawthorn Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000893847-26-000058), on April 29, 2026, and is solely responsible for the information contained therein.