09:10 AM EDT, 08/10/2026 (MT Newswires) -- HBT Financial ( HBT ) agreed to acquire Tri-County Financial in a stock-and-cash transaction valued at approximately $204.6 million, the companies said Monday.

Tri-County shareholders can elect to receive 2.4589 HBT shares, $71.01 in cash or a combination of both, subject to proration, and are expected to own about 9% of HBT after the deal.

The transaction received unanimous board approval from both companies and is expected to close in Q1 2027, the company added.