S-4 Filing Lays Out Full Terms of HBT's $204.6M Tri-County Acquisition
HBT sits 59% above its 52-week low of $22.36.
Summary
The S-4 for the $204.6M acquisition of Tri-County Financial Group has been filed, revealing full merger terms including the 2.4589 exchange ratio, $71.01 cash option, and $7.25M termination fee.
Key Events · M&A and Partnerships · HBT
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S-4 Filed for TYFG Merger
The S-4 registration statement for the $204.6M acquisition of Tri-County Financial Group has been filed, providing the full merger agreement and proxy materials.
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Merger Consideration Structure
TYFG stockholders can elect 2.4589 HBT shares or $71.01 cash per share, with aggregate cash capped at $59.95M and aggregate stock at 3,797,844 shares.
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Termination Fee Disclosed
A $7.25M termination fee is payable to HBT if the deal is terminated due to a superior proposal or adverse recommendation change.
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First State Mortgage Divestiture
The sale of substantially all assets of First State Mortgage to Luminate Bank was completed on August 24, 2026, satisfying a merger condition.
Analysis · HBT · Finance
The S-4 registration statement for the Tri-County Financial Group acquisition has been filed, giving investors their first look at the complete merger agreement and proxy materials. The deal values TYFG at approximately $204.6 million, with stockholders able to elect either 2.4589 HBT shares or $71.01 in cash per share, subject to proration. Among the newly disclosed terms are a $7.25 million termination fee, the special meeting date, and the completed sale of First State Mortgage to Luminate Bank. This transaction significantly expands HBT's Illinois footprint, adding $1.6 billion in assets and 19 branches to its existing $6.7 billion asset base.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. 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 $35.48 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 8 out of 10.