HBT Financial, Inc. Completes Merger with CNB Bank Shares, Inc.

Core Viewpoint - HBT Financial, Inc. has successfully completed its merger with CNB Bank Shares, Inc., enhancing its market presence in central Illinois, Chicago MSA, and St. Louis MSA markets [2][3]. Company Overview - HBT Financial, Inc. is headquartered in Bloomington, Illinois, and serves as the holding company for Heartland Bank and Trust Company, with banking operations dating back to 1920. As of December 31, 2025, HBT Financial reported total assets of $5.1 billion, total loans of $3.5 billion, and total deposits of $4.4 billion [6]. Merger Details - The merger involved CNB merging with a wholly-owned subsidiary of HBT, with CNB becoming a wholly-owned subsidiary of HBT. Subsequently, CNB Bank merged into Heartland Bank, which continues as the surviving entity. As of December 31, 2025, CNB had total assets of $1.8 billion, total loans of $1.3 billion, and total deposits of $1.5 billion [1][2]. Leadership Changes - Following the merger, the Boards of HBT Financial and Heartland Bank expanded, appointing James T. Ashworth and Nancy L. Ruyle as new directors, effective March 1, 2026. Their initial term will expire at the HBT Financial 2026 Annual Meeting of Stockholders [3][4]. Strategic Fit - The merger is described as a strong cultural and strategic fit, aimed at enhancing the banking experience for customers. HBT Financial has a history of successful bank integrations and is focused on a smooth transition for CNB's customers, employees, and shareholders [3][4].