FSC Bancshares Acquired by Hawthorn Bancshares | Financial Services M&A Deal

Hawthorn Bancshares has acquired FSC Bancshares, a banking business in Missouri, for $28.3 million. Hawthorn Bancshares acquisitions expand Hawthorn Bank’s community banking footprint by adding Farmers State Bank operations through the FSC Bancshares acquisition, strengthening northern Missouri presence. FSC Bancshares is the holding company for Farmers State Bank, and the strategic acquisition supports relationship-driven lending and expanded products and services in MO. This add on acquisition is a strategic acquisition in financial services M&A, valued at $28.3 million in a cash and stock transaction, with FSC shareholders receiving 413,101 shares of Hawthorn common stock plus $14.0 million cash. Boards approved the banking acquisition, and closing is expected in Q3 2026 subject to customary conditions and shareholder approval.