secwatch.observer — SEC 8-K summary
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Issuer:     HBT Financial, Inc. (HBT)
CIK:        0000775215
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001558370-23-000741
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HBT Financial closes merger with Town and Country Financial ($923M assets)
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- Aggregate consideration: $38M cash plus 3,378,655 shares of HBT common stock.
- Town and Country had $923M in assets, $662M in loans, $762M in deposits as of Dec 31, 2022.
- Each Town and Country share converted to 1.901 HBT shares or $35.66 cash or combination.
- Merger expands HBT's Illinois footprint into Springfield, St. Louis Metro East, Decatur, Jacksonville, and Quincy.
- HBT expects enhanced lending and wealth management capabilities from the acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/775215/000155837023000741/0001558370-23-000741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/775215/000155837023000741/hbt-20230201x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000741

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