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HBT Financial to buy Tri-County Financial in $204.6 million cash-and-stock deal

PUBT·08/10/2026 12:38:37
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HBT Financial to buy Tri-County Financial in $204.6 million cash-and-stock deal
  • Tri-County Financial Group to merge into HBT Financial in a common stock-cash deal valued at about $204.6 million.
  • Tri-County holders can elect 2.4589 HBT shares, USD 71.01 cash, or a mix, subject to proration; implied value USD 82.89 per share.
  • Combined bank projected to have about $8.3 billion assets, $6 billion loans, USD 7.1 billion deposits, spanning Illinois, eastern Iowa, suburban St. Louis.
  • First State Bank had $1.6 billion assets, $1.3 billion loans, USD 1.3 billion deposits as of June 30, 2026.
  • Closing targeted for first quarter of 2027; Tri-County shareholders expected to own about 9% of HBT.


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. HBT Financial 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: 0000775215-26-000076), on August 10, 2026, and is solely responsible for the information contained therein.