BLOOMINGTON, Ill., December 14, 2021 (GLOBE NEWSWIRE) – HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial”) announced today that its board of directors has approved a new share buyback program (the “Program”) which will take effect after the Company’s current share buyback program expires on December 31, 2021. The company will not conduct any further buybacks under the current program after December 31, 2021. The new program authorizes the company to buy back up to $ 15 million of the common stock.
Share buybacks under the Program may be made from time to time in the open market, in privately negotiated transactions, or otherwise in accordance with applicable securities laws (including the safe haven under Rule 10b-18 of Securities). Act of 1934, as amended) at the discretion of the company’s management. The program will be in effect until January 1, 2023, with the timing of purchases and the number of shares repurchased under the program depending on a variety of factors including price, trading volume, company and regulatory requirements, and market conditions. The company has no obligation to purchase shares under the program, and the program may be suspended or terminated at any time without notice.
About HBT Financial, Inc.
HBT Financial, Inc. is headquartered in Bloomington, Illinois and is the holding company of Heartland Bank and Trust Company. HBT provides a full range of business, commercial, wealth management, and retail banking products and services to individuals, corporations, and community facilities across central and northeast Illinois and east Iowa through 61 branches. As of September 30, 2021, HBT had total assets of $ 3.9 billion, total loans of $ 2.1 billion, and total deposits of $ 3.4 billion. HBT is a long-standing central Illinois company that now operates in eastern Iowa and whose banking roots can be traced back to 1920.
The story goes on