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.

Hawthorn Bancshares, Inc. reported second quarter 2026 net income of $7.3 million, or diluted earnings per share of $1.06, representing a 20.1% increase from the prior year quarter. The company also announced that its Board of Directors approved a quarterly cash dividend of $0.21 per common share, payable on October 1, 2026 to shareholders of record as of September 15, 2026. Additionally, the board amended the repurchase plan to increase the authorized limit to $10 million. Hawthorn Bancshares operates in the banking industry as a bank holding company providing financial services through its subsidiary, Hawthorn Bank.

Hawthorn Bancshares, Inc. announced that it and its subsidiary, Hawthorn Bank, have received all necessary regulatory approvals and non-objections to complete its acquisition of FSC Bancshares, Inc. The transaction, which was originally entered into on April 29, 2026, remains subject to shareholder approval from FSC Bancshares, Inc. and other customary closing conditions. The deal is expected to close in the third quarter of 2026. Hawthorn Bancshares, Inc. is a financial services company providing banking services.

Hawthorn Bancshares, Inc. held its 2026 Annual Meeting of Shareholders on June 2, 2026, where shareholders elected four Class I director nominees and ratified the appointment of Forvis Mazars, LLP as the independent registered public accounting firm. Additionally, the shareholders approved executive compensation and the frequency of votes on executive compensation. The Board also approved a new restricted stock unit agreement for non-employee directors.