HBT Financial Completes Merger with CNB Bank Shares, Inc.
March 2, 2026
HBT Financial, Inc. completed its merger with CNB Bank Shares, Inc., the holding company for CNB Bank. Following the transaction, CNB became a wholly-owned subsidiary of HBT, and CNB Bank merged into HBT’s subsidiary Heartland Bank. The combined organization expands HBT Financial’s footprint across central Illinois and the Chicago and St. Louis metro areas.
- Buyers
- HBT Financial, Inc.
- Targets
- CNB Bank Shares, Inc., CNB Bank Trust, N.A., CNB Bank
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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