Recent Updates — TYFG

Tri-County Financial Group stockholders approved the previously announced Agreement and Plan of Merger with HBT Financial, Inc., voting approximately 82.3% in favor at a special meeting held on October 29, 2026. The transaction involves Tri-County merging into HBT, which will remain as the surviving corporation. This regulatory milestone clears a key shareholder hurdle for the strategic combination of the two banking entities.

On August 10, 2026, Tri-County Financial Group, Inc. entered into a definitive merger agreement with HBT Financial, Inc., under which Tri-County will merge into HBT as a wholly-owned subsidiary. Tri-County shareholders may elect to receive $71.01 per share in cash or 2.4589 shares of HBT common stock for each share held, representing an implied purchase price of $82.89 based on HBT's August 7 closing price. The transaction is valued at approximately $204.6 million and will result in a combined entity with roughly $8.3 billion in total assets. Tri-County shareholders are expected to hold approximately 9% of the post-merger company, while HBT stockholders will retain the majority interest. The deal requires approval from Tri-County's board and shareholders, as well as regulatory clearance, with a closing target in the first quarter of 2027. Tri-County Financial Group operates as a community bank holding company providing commercial and personal banking services through First State Bank.