secwatch.observer — SEC 8-K summary
======================================

Issuer:     HAWTHORN BANCSHARES, INC. (HWBK)
CIK:        0000893847
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0000893847-26-000058
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawthorn Bancshares to acquire FSC Bancshares for ~$28.3M in cash/stock
-----------------------------------------------------------------------

- Total consideration approx. $28.3M: 413,101 shares of HWBK stock ($34.57 close) plus $14M cash.
- Expected 20% EPS accretion on fully phased-in basis; tangible book value dilution ~9.8%, earned back in ~3.0 years.
- Combined pro forma assets of ~$2.2B; adds $384M in assets and 9 branches across northern Missouri.
- FSC directors/executives owning ~37.9% of FSC shares have agreed to vote in favor; deal expected to close Q3 2026.
- Transaction requires FSC shareholder approval, regulatory consents, and customary closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893847/000089384726000058/0000893847-26-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893847/000089384726000058/hwbk-20260429.htm
  HTML page:      https://secwatch.observer/filing/0000893847-26-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer