M&A
confidence high
sentiment positive
materiality 0.90
Tri-County to merge with HBT Financial in $204.6M stock/cash deal
Tri-County Financial Group, Inc.
- Each TYFG share gets 2.4589 HBT shares or $71.01 cash; implied price $82.89/share.
- Aggregate value ~$204.6M; TYFG holders to own ~9% of combined company.
- Combined bank: $8.3B assets, $6.0B loans, $7.1B deposits; close expected Q1 2027.
- Termination fee $7.25M; shareholders holding 28% of TYFG shares support deal.
- Thomas K. Prescott to join HBT and Heartland Bank boards after closing.