Brief: HBT Financial, Inc. Expands Illinois Footprint Through Merger With Town And Country Financial Corporation

Heartland Financial USA

23/08/2022 21:23

Aug 23 (Reuters) - HBT Financial Inc  HBT.O :
    * HBT FINANCIAL, INC. EXPANDS ILLINOIS FOOTPRINT THROUGH
MERGER
WITH TOWN AND COUNTRY FINANCIAL CORPORATION
    * HBT FINANCIAL INC - STRONG EPS ACCRETION OF 17% EXPECTED
IN 2023
(EXCLUDING TRANSACTION EXPENSES, ASSUMING TRANSACTION CLOSES IN
Q1 OF 2023)
    * HBT FINANCIAL INC - BASED ON FINANCIAL RESULTS AS OF JUNE
30,
2022, COMBINED COMPANY WOULD HAVE HAD PRO FORMA TOTAL ASSETS OF
$5.1 BILLION
    * HBT FINANCIAL - TOWN, COUNTRY SHAREHOLDERS TO HAVE RIGHT
TO
RECEIVE 1.9010 SHARES OF HBT FOR EACH SHARE, OR $35.66/SHARE
CASH, OR COMBINATION OF CASH AND STOCK
    * HBT FINANCIAL INC - IMPLIED PER SHARE PURCHASE PRICE IS
$35.66
    * HBT FINANCIAL INC - SHAREHOLDERS OF TOWN AND COUNTRY ARE
EXPECTED TO HOLD ABOU T11% OF HBT'S OUTSTANDING COMMON STOCK

Source text for Eikon:  ID:nGNXp40mJ 
Further company coverage:  HBT.O 

 ((Reuters.Briefs@thomsonreuters.com;))