The Vedder Price Financial Institutions Group is pleased to have represented HBT Financial, Inc., and its wholly-owned subsidiary, Heartland Bank and Trust Company, in its announced acquisition of CNB Bank Shares, Inc. and its wholly-owned subsidiary CNB Bank & Trust, N.A. At the time of the announcement, the combined stock/cash transaction was valued at approximately $170.2 million. The transaction is expected to close in the first half of 2026.
The transaction team consisted of Financial Institutions Group Shareholder and Consumer Financial Services group Co-Lead Mark Svalina, Compensations & Employee Benefits Shareholder Thomas Desmond, Capital Markets & Securities Shareholder Jennifer Durham King, and Finance & Transactions Associate Kelly Miller.
Read more on the transaction here.
