Announced
Financials
Tags
regional banks
Banks
Public
Majority
Domestic
Pending
Single Bidder
Friendly
Acquisition
United States
Merger
Synopsis
HBT Financial, a bank holding company, agreed to merge with Town and Country Financial, a banking holding company, in a $101m deal. "Operating with a similar relationship-based approach to commercial banking and conservative credit culture, Town and Country has built a high-performing institution with an attractive deposit base. Throughout our history, our disciplined approach to M&A has helped us to consistently enhance the value of our franchise. We believe that combining with Town and Country will help us continue generating profitable growth and create additional value for shareholders in the years ahead," Fred Drake, HBT Financial Chairman and CEO.
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