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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 &amp; 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.

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The transaction team consisted of Financial Institutions Group Shareholder and Consumer Financial Services group Co-Lead <a href="/people/mark-c-svalina/">Mark Svalina</a>, Compensations &amp; Employee Benefits Shareholder <a href="/people/thomas-p-desmond/">Thomas Desmond</a>, Capital Markets &amp; Securities Shareholder <a href="/people/jennifer-durham-king/">Jennifer Durham King</a>, and Finance &amp; Transactions Associate <a href="/people/kelly-l-miller/">Kelly Miller</a>.

Read more on the transaction <a href="https://www.sec.gov/Archives/edgar/data/775215/000077521525000043/hbt-20250930ex993.htm" target="_blank" rel="noopener noreferrer">here</a>.

Chicago

Dallas

Mark C. Svalina

Vedder Price Represents HBT Financial, Inc. in its Acquisition of CNB Bank Shares, Inc.

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