HBT Financial Sets October 29 Vote on $204.6M Tri-County Merger
HBT sits 61% above its 52-week low of $22.36 on elevated volume (2.7× avg).
Summary
HBT Financial's definitive proxy statement for the Tri-County Financial Group acquisition sets the stockholder vote for October 29, 2026, with the deal valued at approximately $206.3 million.
Key Events · M&A and Partnerships · HBT
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Special Meeting Set for October 29
TYFG stockholders will vote on the merger at 1:00 p.m. Central Time at the Mendota Civic Center, with a record date of September 10, 2026 and 2,427,703 shares outstanding.
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Merger Consideration Confirmed
Each TYFG share converts to 2.4589 HBT shares or $71.01 cash, with aggregate consideration of $59.95 million cash and 3,797,844 HBT shares; implied transaction value is approximately $206.3 million based on HBT's September 15 closing price of $36.58.
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Castle Creek Commits to All-Cash
Castle Creek Capital Partners VI, LP, TYFG's largest stockholder with 563,064 shares (23.6%), has agreed to elect all-cash consideration.
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28% of Shares Locked Up
All TYFG and First State Bank directors plus one significant stockholder, holding 683,376 shares (28% of outstanding), have signed voting and support agreements in favor of the merger.
Analysis · HBT · Finance
The definitive proxy statement/prospectus for HBT's acquisition of Tri-County Financial Group has been mailed to TYFG stockholders, setting the special meeting for October 29, 2026. The filing confirms the merger consideration of 2.4589 HBT shares or $71.01 cash per TYFG share, with an updated implied transaction value of approximately $206.3 million based on HBT's September 15 closing price of $36.58. Castle Creek, TYFG's largest stockholder with 563,064 shares (23.6%), has committed to an all-cash election, and 28% of outstanding shares are locked up under voting agreements. The deal remains subject to regulatory approvals and stockholder vote, with closing expected in Q4 2026 or Q1 2027.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HBT was trading at $36.01 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $22.36 to $37.51. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.