Hawthorn Bancshares, Inc. (NASDAQ:HWBK) Files An 8-K Other Events
Item 8.01 Other Events.
On February 8, 2019, Hawthorn Bank, a wholly-owned subsidiary of Hawthorn Bancshares, Inc. (NASDAQ: HWBK) completed the sale of its branch located in Branson, Missouri to Branson Bank, Branson, Missouri. Total deposits transferred were approximately $10.6 million while loans assigned to the branch were retained. The sale is expected to result in a pre-tax gain of approximately $2.1 million, subject to certain future adjustments required in the definitive agreement.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. 99.1 Hawthorn Bancshares, Inc. press release dated February 14, 2019.
HAWTHORN BANCSHARES, INC. Exhibit
EX-99.1 2 ex99-1.htm PRESS RELEASE Blueprint Exhibit 99.1 Hawthorn Bancshares Announces Sale of Branson,…
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About Hawthorn Bancshares, Inc. (NASDAQ:HWBK)
Hawthorn Bancshares, Inc. is a bank holding company. Its activities are limited to ownership, indirectly through its subsidiary, Union State Bancshares, Inc. (Union), of the outstanding capital stock of Hawthorn Bank. Hawthorn Bank is a full service bank conducting a general banking and trust business, offering its customers checking and savings accounts, Internet banking, debit cards, certificates of deposit, trust services, brokerage services, safety deposit boxes and a range of lending services. Its loans portfolio includes commercial and industrial loans, single payment personal loans, installment loans and commercial and residential real estate loans. Its investment portfolio includes the government-sponsored enterprises, asset-backed securities, and obligations of states and political subdivisions. Its liquid assets consist of available-for-sale investment securities, federal funds sold, and excess reserves held at the Federal Reserve Bank. It has over 24 banking offices.
