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HBT Financial Priced, Nasdaq: HBT

Family-owned bank with 64 branches in central and northeastern Illinois.

Industry: Financials

Latest Trade: $16.14 0.00 (0.0%)

First Day Return: -2.9%

Return from IPO: +0.9%

Industry: Financials

We are HBT Financial (formerly known as Heartland Bancorp), a bank holding company headquartered in Bloomington, Illinois. As of June 30, 2019, we had total assets of $3.2 billion, loans held for investment of $2.2 billion, total deposits of $2.8 billion and stockholders' equity of $340 million. Through our two bank subsidiaries, Heartland Bank and Lincoln Bank, we provide a comprehensive suite of business, commercial and retail banking products and services to businesses, families and local governments throughout Central and Northeastern Illinois. We currently operate 61 full-service and three limited-service branch locations, and have a leading deposit share, which we define as a top three deposit share rank, in the majority of our core markets in Central Illinois that we attribute to our long track record of providing relationship-based and personalized service to our customers and communities. The roots of our Company can be traced back nearly 100 years to 1920 when M.B. Drake, the grandfather of our current Chairman and CEO, Fred Drake, helped found a community bank in Cornland, Illinois. The Company has remained a family controlled organization, with the Drake family owning over 95% of the Company before giving effect to this offering.
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IPO News for HBT Financial
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IPO Data
IPO File Date 09/13/2019
Offer Price $16.00
Price Range $17.00 - $19.00
Offer Shares (mm) 8.3
Deal Size ($mm) $133
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/10/2019
Offer Price $16.00
Price Range $17.00 - $19.00
Offer Shares (mm) 8.3
Deal Size ($mm) $133
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Bloomington, IL
Founded 1920
Employees 742
Website www.hbtbank.com