YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Two financial institutions based in central Illinois are merging in a cash-and-stock deal valued at over $170 million.
HBT Financial (NASDAQ: HBT) is merging with CNB Bank Shares (OTC: CNBN). HBT is the holding company for Heartland Bank and Trust Co., while CNB is the holding company for CNB Bank & Trust.
The combined entity's name will be Heartland Bank and Trust. It will have roughly $6.9 billion in assets and $5.9 billion in deposits, with 84 branches in Illinois, Iowa and Missouri.
Read more from the Journal-Courier.
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