Vedder is pleased to have represented HBT Financial, Inc., the holding company for Heartland Bank and Trust Company, in its announced acquisition of Tri-County Financial Group, Inc., the holding company for First State Bank in Mendota, Illinois. At the time of the announcement, the combined stock/cash transaction was valued at approximately $204.6 million. The transaction is expected to close in the first quarter of 2027.
The Vedder deal team included Financial Institutions and Consumer Financial Services Group Co-Lead Shareholder Mark Svalina, Compensations & Employee Benefits Shareholder Thomas Desmond, Capital Markets & Securities Shareholder Jennifer Durham King, Finance & Transactions Associate Kelly Miller and Financial Institutions Associate Mackenzie Ellis. Learn more about the deal here.
