Hawthorn Bancshares Completes FSC Bancshares Merger, Creating $2.2B Missouri Bank
HWBK sits 34% above its 52-week low of $29.39 on light trading volume (0.1× avg).
Summary
Hawthorn Bancshares completed its merger with FSC Bancshares on September 3, 2026, paying $13.95M in cash and 413,101 shares to create a $2.2B-asset Missouri bank with 27 locations.
Key Events · M&A and Partnerships · HWBK
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Merger Completed
Effective September 3, 2026, FSC Bancshares merged into Hawthorn Bancshares, with Farmers State Bank merging into Hawthorn Bank.
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Final Consideration
FSC shareholders received $73.7099 cash plus 2.1823 HBI shares per FBI share — totaling $13,953,000 in cash and 413,101 shares of HBI common stock.
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Combined Scale
The combined company has approximately $2.2 billion in total assets and 27 banking locations across Missouri plus one in Kansas.
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Integration Timeline
Customer conversion is anticipated during Q1 2027; Farmers State Bank customers continue on existing systems until then.
Analysis · HWBK · Finance
The acquisition of FSC Bancshares closed on September 3, 2026, finalizing a deal first announced in April. Farmers State Bank's Cameron, Missouri operations now join Hawthorn Bank, expanding the combined franchise to 27 banking locations across Missouri and one in Kansas. FSC shareholders received total consideration of $13.95 million in cash plus 413,101 shares of HBI common stock. The combined entity now holds approximately $2.2 billion in total assets. Integration begins immediately, with customer conversion targeted for Q1 2027. This transformative in-market consolidation meaningfully expands Hawthorn's footprint and asset base.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.8% of the 1864 measured filings Wiseek scored 8 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, HWBK was trading at $39.40 on NASDAQ in the Finance sector, with a market capitalization of approximately $271.9M. The 52-week trading range was $29.39 to $40.60. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.