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$204.6 million is the agreed price for Tri-County Financial Group, calculated at HBT Financial's $36.35 per-share closing price from last Friday.
Bloomington, Illinois-based HBT is offering Tri-County shareholders 2.4589 shares of HBT common stock or $71.01 in cash, or a mix of both, for each share they hold, with the deal targeted to close in the first quarter of 2027.
The combination would produce roughly $8.3 billion in assets and add 19 First State Bank branches to HBT's existing 83-branch Illinois network.
Deal terms and ownership split Each Tri-County share converts at a fixed election: 2.4589 HBT common shares, $71.01 in cash, or a combination.
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