MergerApr 29, 2026, 04:39 PM
HWBK to Acquire FSC Bancshares for $28.3M; Expands MO Presence
AI Summary
Hawthorn Bancshares, Inc. announced the signing of an Agreement and Plan of Reorganization to acquire FSC Bancshares, Inc. in a cash and stock transaction valued at approximately $28.3 million. The acquisition is expected to expand Hawthorn's presence in northern Missouri, adding approximately $384 million in assets and nine branch locations. The combined entity is projected to have total assets of $2.2 billion and the transaction is anticipated to be approximately 20% accretive to earnings per share.
Key Highlights
- HWBK to acquire FSC Bancshares, Inc. for approximately $28.3 million.
- FSC shareholders to receive 413,101 HWBK common shares and $14.0 million in cash.
- Combined company expected to have total assets of approximately $2.2 billion.
- Combined company expected to have total loans of approximately $1.7 billion and deposits of $1.9 billion.
- Transaction expected to be accretive to EPS by approximately 20%.
- Tangible book value dilution at closing expected to be 9.8%, earned back in approximately 3.0 years.
- FSC adds approximately $384 million in total assets and nine branch locations.
- Transaction expected to close in the third quarter of 2026.
Price Impact
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