HBT Financial, Inc. and Tri-County Financial Group, Inc. Jointly Announce Strategic Transaction
HBT Financial has agreed to acquire Tri-County Financial Group in a stock and cash transaction valued at approximately $204.6 million, based on HBT's closing price of $36.35. The merger will create a combined institution with roughly $8.3 billion in assets, $6.0 billion in loans, and $7.1 billion in deposits, expanding HBT's presence in Illinois, eastern Iowa, and suburban St. Louis.
Key figures
- Deal Value Usd
- 204600000
- Target loans
- $1.3 billion
- Target assets
- $1.6 billion
- Combined loans
- $6.0 billion
- Exchange ratio
- 2.4589
- Combined assets
- $8.3 billion
- Target deposits
- $1.3 billion
- Combined deposits
- $7.1 billion
- Cash consideration
- $71.01
- Implied purchase price
- $82.89
AI analysis
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