The cash-and-stock deal values Tri-County Financial at approximately $204.6M and aims to close in Q1 2027.
HBT Financial announced plans to acquire Tri-County Financial Group in a $204.6M cash-and-stock transaction, based on HBT’s Aug. 7 closing share price. The deal is pending shareholder and regulatory approvals.
The combined entity will hold roughly $8.3B in assets, $6B in loans, and $7.1B in deposits. The transaction is expected to finalize in the first quarter of 2027, expanding HBT’s regional footprint.
No immediate market reaction was disclosed in the announcement.