Mergers & Acquisitions ·
Hawthorn Bancshares completes acquisition of FSC Bancshares for stock and cash
HWBKHawthorn Bancshares, Inc.
Hawthorn Bancshares, Inc. has completed its previously announced merger with FSC Bancshares, Inc., effective as of September 3, 2026. Under the transaction terms, FSC shareholders received aggregate consideration consisting of 413,101 shares of Hawthorn common stock and $14 million in cash, subject to a purchase price adjustment based on FSC's adjusted tangible equity at closing. The acquisition adds approximately $395.8 million in total assets from FSC Bancshares' Missouri-based banking operations to Hawthorn's balance sheet. Hawthorn Bancshares operates as a bank holding company providing financial services through its subsidiary, Hawthorn Bank.