---
schema_version: "secwatch.filing_event.v1"
accession: "0000775215-26-000076"
form_type: "8-K"
ticker: "HBT"
cik: "0000775215"
company_name: "HBT Financial, Inc."
filed_at: "2026-08-10T12:37:16+00:00"
generated_at: "2026-08-10T12:40:08.536671+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HBT Financial to acquire Tri-County Financial in $204.6M stock/cash deal

## Summary
- Deal valued at ~$204.6M; TYFG shareholders get 2.4589 HBT shares, $71.01 cash, or mix per share; implied $82.89/share.
- Combined company: ~$8.3B assets, $6.0B loans, $7.1B deposits; First State Bank adds 19 IL locations.
- Expected close Q1 2027; subject to TYFG shareholder vote, regulatory approvals, S-4 effectiveness; ~28% of TYFG shares under voting agreements.
- Cash consideration ~$59.9M plus ~3.8M HBT shares; TYFG holders to own ~9% of HBT post-close.
- Thomas K. Prescott (TYFG director) to join HBT and Heartland Bank boards; termination fee $7.25M.

## SEC filing metadata
- accession: 0000775215-26-000076
- form_type: 8-K
- ticker: HBT
- cik: 0000775215
- company_name: HBT Financial, Inc.
- filed_at: 2026-08-10T12:37:16+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/775215/000077521526000076/0000775215-26-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/775215/000077521526000076/hbt-20260810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000775215-26-000076
- JSON: https://secwatch.observer/filing/0000775215-26-000076.json
- Plain text: https://secwatch.observer/filing/0000775215-26-000076.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.