Tri-County Financial Group will merge into HBT Financial in a stock-and-cash deal valued at about $204.6 million.
Tri-County holders can elect 2.4589 HBT shares, $71.01 cash, or a mix, subject to proration.
Implied value is $82.89 per Tri-County share, based on HBT’s $36.35 close on Aug. 7, 2026.
The combined company is expected to have about $8.3 billion in assets, $6 billion in loans and $7.1 billion in deposits; the deal is targeted to close in Q1 2027.
Tri-County shareholders are expected to own about 9% of HBT at closing; director Thomas K. Prescott is slated to join HBT’s boards.
HBT•
