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Hawthorn Bancshares closes FSC merger, bringing combined assets to $2.2 billion

9/4/2026

The merger of FSC Bancshares, Inc. (NASDAQ: HWBK) became effective September 3, 2026, carrying the Jefferson City, Missouri company to approximately $2.2 billion in combined total assets.

The case for the deal is scale and geography.

What complicates the read is timing: Farmers State Bank customers will not move to Hawthorn Bank's platform until sometime in the first quarter of 2027, meaning Hawthorn now carries two parallel banking infrastructures through year-end.

The footprint addition is real. Hawthorn Bank now operates twenty-seven banking locations across northern, central, western, and mid-Missouri, with one location in Kansas.