CNB Bank Shares Acquired by HBT Financial | Financial Services M&A Deal

HBT Financial has completed the acquisition of CNB Bank Shares, a banking business in Illinois, for $33.8 million. HBT Financial acquisitions bring CNB Bank Shares’ deposit and lending operations into its financial services platform, expanding retail and commercial banking capabilities in IL acquisitions. The merger acquisition supports financial services M&A goals by combining loan portfolios, credit risk management, and banking infrastructure across Illinois. The strategic acquisition is a closed merger acquisition deal with total consideration disclosed across multiple components, including $182.1 million and $20.0 million, and is sized in the $25M–$50M range.