secwatch.observer — SEC 8-K summary
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Issuer:     Tri-County Financial Group, Inc. (TYFG)
CIK:        0001725262
Form:       8-K
Filed at:   2026-08-10T12:40:34+00:00
Accession:  0001493152-26-036754
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725262/000149315226036754/0001493152-26-036754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725262/000149315226036754/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-036754

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