HBT Financial to acquire CNB Bank Shares for $170.2 million
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HBT Financial, Inc. and CNB Bank Shares, Inc. Jointly Announce Strategic Transaction
October 20, 2025 7:05 AM EDTBLOOMINGTON, Ill. and CARLINVILLE, Ill., Oct. 20, 2025 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the Company or HBT Financial or HBT), the holding company for Heartland Bank and Trust Company (Heartland Bank), and CNB Bank Shares, Inc. (OTC: CNBN) (CNBN), the holding company for CNB Bank & Trust, N.A. (CNB Bank), today jointly announced the signing of a definitive agreement pursuant to which CNBN will merge with and into HBT in a combined common stock/cash transaction valued at approximately $170.2 million, based on HBTs 15-day volume weighted average stock price of $24.44 as of October 17, 2025. The combined... More
