HAWTHORN BANCSHARES Closes FSC Bancshares Deal, Assets Reach $2.2B
The Missouri bank holding company completed its acquisition of Farmers State Bank parent FSC Bancshares on September 3, lifting total assets to about $2.2 billion.
Hawthorn Bancshares (HWBK) said it has completed the merger of FSC Bancshares into Hawthorn, with Hawthorn surviving, and the merger of FSC's banking subsidiary Farmers State Bank of Cameron, Missouri, into Hawthorn Bank. The transactions became effective on September 3, 2026, and the combined company now holds total assets of roughly $2.2 billion.
Hawthorn Bank, based in Jefferson City, Missouri, now operates twenty-seven banking locations across northern, central, western and mid-Missouri, plus one location in Kansas.
Chief Executive Officer Brent Giles said the deal "allows us to bring greater resources, expanded financial solutions, and enhanced capabilities to customers while preserving the relationship-based service and community focus that define both organizations."
Integration of Farmers State Bank onto Hawthorn's platform has begun, with customer conversion anticipated during the first quarter of 2027. Until then, Farmers State Bank customers continue to be served through their existing banking centers, website and mobile app.
Raymond James & Associates advised Hawthorn with Hunton Andrews Kurth as legal counsel, while Northland Capital Markets advised FSC with Stinson as counsel. Olsen Palmer rendered a fairness opinion to FSC.
The company cautioned that expected cost savings and synergies may not be fully realized or may take longer than expected, and that operating costs, customer loss and business disruption following the acquisition could be greater than anticipated. Hawthorn most recently reported second quarter 2026 results on July 29 and declared a quarterly dividend of $0.21 per common share.
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