secwatch.observer — SEC 8-K summary
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Issuer:     HBT Financial, Inc. (HBT)
CIK:        0000775215
Form:       8-K
Filed at:   2026-08-10T12:37:16+00:00
Accession:  0000775215-26-000076
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/775215/000077521526000076/0000775215-26-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/775215/000077521526000076/hbt-20260810.htm
  HTML page:      https://secwatch.observer/filing/0000775215-26-000076

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