Mergers & Acquisitions ·
Hawthorn Bancshares, Inc. completed its merger with FSC Bancshares, Inc., effective September 3, 2026
HWBKHawthorn Bancshares, Inc.
Hawthorn Bancshares, Inc. completed its merger with FSC Bancshares, Inc., effective September 3, 2026. Under the transaction terms, each share of FSC common stock was converted into $73.7099 in cash and 2.1823 shares of Hawthorn common stock, plus cash for fractional shares. The total consideration included 413,101 shares of HBI common stock and approximately $13.95 million in cash. Following the merger, the combined entity holds total assets of approximately $2.2 billion. Customer conversion is anticipated during the first quarter of 2027. Hawthorn Bancshares operates as a financial holding company providing commercial and consumer banking services through its subsidiary, Hawthorn Bank.