secwatch.observer — SEC 8-K summary
======================================

Issuer:     HBT Financial, Inc. (HBT)
CIK:        0000775215
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0000775215-26-000021
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HBT Financial completes $34M + 5.5M shares acquisition of CNB Bank Shares
-------------------------------------------------------------------------

- Total consideration ~$34M cash and ~5.5M HBT shares; exchange ratio 1.0434 HBT shares or $27.73 cash per CNB share.
- CNB had $1.8B in assets, $1.3B loans, $1.5B deposits as of Dec 31, 2025.
- Merger expands HBT's footprint into central Illinois, Chicago MSA, and St. Louis MSA.
- HBT appointed former CNB president James T. Ashworth and former CNB director Nancy L. Ruyle to its board, effective March 1, 2026.
- CNB stock (CNBN) will no longer be quoted on OTC QX; financial statements to be filed as amendment within 71 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/775215/000077521526000021/0000775215-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/775215/000077521526000021/hbt-20260301.htm
  HTML page:      https://secwatch.observer/filing/0000775215-26-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer