Acquisition History / HBT Financial, Inc. / CNB Bank Shares, Inc.
HBT Financial, Inc. Acquires CNB Bank Shares, Inc.
Announced October 20, 2025 — $182.1M
What happened
HBT Financial agreed on October 20, 2025 to acquire Illinois-based CNB Bank Shares and completed the merger March 1, 2026. Consideration comprised $33.8M in cash and 5.5M HBT shares, an aggregate of $182.1M based on HBT's closing price on February 27, 2026.
- Acquirer
- HBT Financial, Inc.
- Target
- CNB Bank Shares, Inc.
- Announced
- October 20, 2025
- Price
- $182.1M
- Industry
- Community banking
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did HBT Financial, Inc. acquire CNB Bank Shares, Inc.?
HBT Financial, Inc. acquired CNB Bank Shares, Inc. on October 20, 2025. This was HBT Financial, Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did HBT Financial, Inc. pay for CNB Bank Shares, Inc.?
HBT Financial, Inc. paid $182.1M for CNB Bank Shares, Inc..
What does CNB Bank Shares, Inc. do?
HBT Financial agreed on October 20, 2025 to acquire Illinois-based CNB Bank Shares and completed the merger March 1, 2026. Consideration comprised $33.8M in cash and 5.5M HBT shares, an aggregate of $182.1M based on HBT's closing price on February 27, 2026.
What other Community banking companies has HBT Financial, Inc. acquired?
CNB Bank Shares, Inc. is HBT Financial, Inc.'s only publicly tracked acquisition in Community banking so far.