# Tri-County Financial Group, Inc. (TYFG) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_ecb87599cb4f13bb67a4 · retrieved 2026-08-14T01:24:48.880Z

## Overview
Tri-County Financial Group, Inc. is a Delaware bank holding company that owns First State Bank, an Illinois state-chartered bank headquartered in Mendota, Illinois.

On August 10, 2026, Tri-County Financial Group, Inc. (TYFG) entered into an Agreement and Plan of Merger with HBT Financial, Inc. and HBT's wholly-owned subsidiary HB-TYFG Merger, Inc. Under the merger agreement, TYFG shareholders will receive, at their election, either 2.4589 shares of HBT common stock, $71.01 in cash per share, or a combination thereof. In aggregate, TYFG shareholders are expected to receive approximately $59.9 million in cash consideration and approximately 3.8 million shares of HBT common stock. The merger is subject to customary closing conditions including TYFG shareholder approval, receipt of required regulatory approvals, and effectiveness of an HBT Registration Statement on Form S-4. A termination fee of $7.25 million is payable by TYFG to HBT upon termination under specified events.

## Terms
- Counterparty: HBT Financial, Inc. · Deal value: $59.9M · Consideration: mixed · Price/share: $71.01

## Key dates
- Announced 2026-08-10

## Timeline
- 2026-08-10 · 8-K (0001493152-26-036754): 8-K - Tri-County Financial Group, Inc. — *Tri-County Financial Group, Inc. is a Delaware bank holding company that owns First State Bank, an Illinois state-chartered bank headquartered in Mendota, Illinois.* On August 10, 2026, Tri-County Financial Group, Inc. (TYFG) entered into an Agreement and Plan of Merger with HBT Financial, Inc. and HBT's wholly-owned subsidiary HB-TYFG Merger, Inc. Under the merger agreement, TYFG shareholders will receive, at their election, either 2.4589 shares of HBT common stock, $71.01 in cash per share, or a combination thereof. In aggregate, TYFG shareholders are expected to receive approximately $59.9 million in cash consideration and approximately 3.8 million shares of HBT common stock. The merger is subject to customary closing conditions including TYFG shareholder approval, receipt of required regulatory approvals, and effectiveness of an HBT Registration Statement on Form S-4. A termination fee of $7.25 million is payable by TYFG to HBT upon termination under specified events.
  https://www.sec.gov/Archives/edgar/data/1725262/0001493152-26-036754.txt

## Citations
- 0001493152-26-036754 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226036754