Tri-County jumps on $204.6 million buyout deal with HBT Financial
TYFG•Deal terms and strategic fit
The deal strengthens HBT's footprint in central Illinois and the Chicago MSA and values TYFG at $82.89 per share.
The transaction marks the twelfth merger that HBT Financial has been part of since 2007 and is expected to close in the first quarter of 2027.
As of the last close, TYFG stock was up 42.3% year to date.
Tri-County shares jump after HBT buyout announcement
Community lender Tri-County Financial's TYFG.PK shares jump 15.3% to $80.50.
HBT Financial HBT.O will buy TYFG in a $204.6 million stock-and-cash transaction, to create a combined bank with roughly $8.3 billion in total assets.
