HBT Financial Announces Launch of Initial Public Offering
October 01 2019 - 7:05AM
HBT Financial, Inc. (“HBT”), the holding company for Heartland Bank
and Trust Company and State Bank of Lincoln, today announced that
it has launched the initial public offering of 8,300,000 shares of
its common stock. The underwriters will have a 30-day option to
purchase an additional 1,245,000 shares from HBT at the initial
public offering price, less underwriting discounts and commissions.
The initial public offering price is expected to be between $17.00
and 19.00 per share. HBT expects to list its common stock on the
Nasdaq Global Select Market under the trading symbol “HBT.”
Keefe, Bruyette & Woods, a Stifel Company and J.P. Morgan
are acting as joint book-running managers for the offering. Raymond
James, Sandler O’Neill + Partners, L.P. and D.A. Davidson & Co.
are acting as co-managers.
This proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
proposed offering may be obtained by contacting Keefe, Bruyette
& Woods, Inc., 787 Seventh Ave., 4th Floor, New York, New York
10019, Attention: Equity Capital Markets, or by calling toll free
(800) 966-1559 or by email at kbwsyndicatedesk@kbw.com; or J.P.
Morgan Securities LLC, Attention: Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, or by calling
toll free (866) 803-9204.
When available, to obtain a copy of the prospectus free of
charge, visit the SEC’s website, www.sec.gov, and search under
the registrant’s name, “HBT Financial, Inc.”
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy these securities be accepted prior to the time the
registration statement becomes effective. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About HBT Financial, Inc.
HBT Financial, Inc. is headquartered in Bloomington, Illinois
and is the holding company for Heartland Bank and Trust Company and
State Bank of Lincoln. The banks provide a comprehensive suite of
business, commercial, wealth management and retail banking
products and services to businesses, families and local governments
throughout Central and Northeastern Illinois through 64 branches.
As of June 30, 2019, HBT 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. HBT is a longstanding
Central Illinois company, with banking roots that can be traced
back nearly 100 years.
Contact Information
Diane H. Lanier dlanier@hbtbank.com
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