MergerJul 14, 2026, 05:27 PM
Hawthorn Bancshares Receives Regulatory Approval for FBI Merger
AI Summary
Hawthorn Bancshares, Inc. (HBI) and its wholly-owned subsidiary, Hawthorn Bank, have received all required regulatory approvals and non-objections for the acquisition of FSC Bancshares, Inc. (FBI). The Agreement and Plan of Reorganization was initially announced on April 29, 2026. The transaction is still contingent on the approval of FBI's shareholders and other customary closing conditions, with completion anticipated in the third quarter of 2026.
Key Highlights
- Hawthorn Bancshares received all regulatory approvals for FBI merger as of July 10, 2026.
- Acquisition of FSC Bancshares, Inc. (FBI) by Hawthorn Bancshares (HBI).
- Agreement and Plan of Reorganization signed on April 29, 2026.
- Transaction remains subject to FBI shareholder approval.
- Expected completion in the third quarter of 2026.
Price Impact
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