HBT Financial, Inc. Announces $15 Million Stock Repurchase Program
November 03 2020 - 4:05PM
HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT
Financial”) announced today that its Board of Directors has
approved a stock repurchase program (the “Program”) that authorizes
the Company to repurchase up to $15 million of its common
stock.
Stock repurchases under the Program may be made from time to
time on the open market, in privately negotiated transactions, or
in any other manner that complies with the applicable securities
law (including pursuant to the safe harbor provided under Rule
10b-18 of the Securities Act of 1934, as amended), at the
discretion of the management of the Company. The Program will be in
effect until December 31, 2021 with the timing of purchases
and number of shares repurchased under the Program dependent upon a
variety of factors including price, trading volume, corporate and
regulatory requirements, and market conditions. The Company is not
obligated to purchase any shares under the Program and the Program
may be suspended or discontinued at any time without notice.
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 individuals, businesses and municipal
entities throughout Central and Northeastern Illinois through 63
branches. As of September 30, 2020, HBT had total assets of
$3.5 billion, total loans of $2.3 billion, and total deposits of
$3.0 billion. HBT is a longstanding Central Illinois company, with
banking roots that can be traced back 100 years.
CONTACT:Matthew KeatingHBTIR@hbtbank.com(310)
622-8230
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