HBT Financial filings document the formal disclosure record for a bank holding company whose primary operating subsidiary is Heartland Bank and Trust Company. The record includes 8-K reports on operating and financial results, Regulation FD investor presentations, cash dividends on common stock, board appointments and completed bank merger activity.
Other filings describe capital-structure matters, including the private placement of fixed-to-floating rate subordinated notes, related material agreements and registration rights. Proxy materials cover director elections, executive compensation, shareholder voting matters and governance practices for HBT Financial and Heartland Bank.
HBT Financial announced it has entered into an Agreement and Plan of Merger under which CNB Bank Shares, Inc. will merge with and into HBT. The employee video describes HBT as a community bank operating as Heartland Bank and Trust, with $5 billion in assets and 66 branches across Illinois and Eastern Iowa.
Next steps include regulatory approvals for HBT and a shareholder vote for CNBN. If approvals are obtained, the merger is targeted to close in early second quarter or late first quarter of 2026, with systems conversion expected in the first half of 2026. HBT will file a Form S-4 that includes a proxy statement/prospectus for CNBN shareholders, who will receive definitive materials after effectiveness.
HBT Financial (HBT) announced a definitive merger agreement to acquire CNB Bank Shares (CNBN). Each CNBN share will be converted into the right to receive, at the holder’s election, either 1.0434 HBT common shares, cash of $27.73, or a mix, subject to adjustment and proration. Based on CNBN securities outstanding on signing, CNBN shareholders are expected to receive approximately $33.8 million in cash and about 5.5 million HBT shares.
The deal requires CNBN shareholder approval, required regulatory approvals, and effectiveness of an S-4 for the HBT shares to be issued. Two CNBN directors, Jim Ashworth and Nancy Ruyle, will join the Boards of HBT and Heartland Bank prior to closing, per governance procedures. After closing, CNB Bank & Trust, N.A. is expected to merge into Heartland Bank. CNBN agreed to a $7.25 million termination fee payable to HBT under specified events, and certain CNBN insiders signed voting and support agreements. HBT also furnished its Q3 2025 earnings release and related presentations.
HBT Financial (HBT) entered a definitive agreement to acquire CNB Bank Shares (CNBN). A wholly owned HBT subsidiary will merge into CNBN, which will then become a wholly owned HBT subsidiary and merge into HBT; CNB Bank & Trust will later merge into Heartland Bank.
At closing, each CNBN share will convert, at the holder’s election and subject to proration and adjustments, into 1.0434 HBT shares, $27.73 in cash, or a mix. Based on CNBN’s current common and RSUs, CNBN holders are expected to receive approximately $33.8 million in cash and about 5.5 million HBT shares. In lieu of fractional shares, cash will be paid.
Closing is subject to customary conditions, including CNBN shareholder approval, required regulatory approvals, and the effectiveness of an S-4 registering HBT shares to be issued. CNBN directors and certain shareholders signed voting and support agreements. The agreement includes a $7.25 million termination fee payable by CNBN to HBT under specified events. HBT will appoint CNBN directors Jim Ashworth and Nancy Ruyle to the boards of HBT and Heartland Bank, subject to governance procedures.
HBT Financial, Inc. notified its paying agent, UMB Bank N.A., that it intends to redeem all $40 million of its outstanding 4.50% Fixed-to-Floating Rate Subordinated Notes due 2030 on September 15, 2025. The Company stated the redemption will be at a price equal to 100% of principal plus accrued and unpaid interest to, but excluding, the Redemption Date, and that the Notice was given pursuant to the Paying Agent and Registrar Agreement governing the Notes.
HBT Financial, Inc. filed an Item 8.01 Form 8-K stating that on July 22, 2025 its Board declared a $0.21 quarterly cash dividend on the company’s common stock. The dividend will be paid on August 12, 2025 to shareholders of record at the close of business on August 5, 2025. No other material events, financial results, or guidance were disclosed. The action signals ongoing capital returns and suggests management’s confidence in current liquidity and earnings stability. Investors who own the shares before the ex-dividend date (typically one business day prior to the record date) will receive the payment.