HBT Company

HBT Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

HBT Financial, Inc. (NASDAQ: HBT) was founded in 1920, originally under the name Heartland Bancorp, Inc. The company operates as a bank holding company for Heartland Bank and Trust Company, providing a wide range of financial services to individuals, businesses, and municipal entities.

Parent Company/Ownership Structure

HBT Financial operates as an independent entity and is publicly traded on the NASDAQ stock exchange under the ticker symbol "HBT." The company's ownership structure includes a significant percentage of shares held by institutional investors (approximately 78.55%) and insider ownership (around 59.70%).

Headquarters Location

The headquarters of HBT Financial is located at 401 North Hershey Road, Bloomington, Illinois, 61704, USA.

Global Business Scope

While HBT Financial primarily serves clients in central and northeastern Illinois and eastern Iowa, its operations are focused on retail and commercial banking products. The company does not have a global presence but maintains a strong regional footprint.

Main Regulatory Bodies

HBT Financial is subject to regulation by several key bodies, including:

• The Board of Governors of the Federal Reserve System (as a bank holding company)
• The Federal Deposit Insurance Corporation (FDIC)
• The Illinois Department of Financial and Professional Regulation (IDFPR)

2. Company History and Development

Key Milestones

• 1920: Founded as Heartland Bancorp, Inc.
• 2019: The company rebranded to HBT Financial, Inc. and went public.
• 2020: Heartland Bank merged with State Bank of Lincoln, consolidating its operations.

Business Expansion Journey

HBT Financial has expanded its services through both organic growth and strategic acquisitions. Over the years, the company has integrated multiple community banks, enhancing its market presence and service offerings.

Customer Base Growth

The bank has steadily increased its customer base, now serving a diverse clientele that includes individuals, small businesses, and municipal entities. The bank's commitment to personalized service has contributed to its growth.

Platform Development History

HBT Financial has invested in digital banking solutions, enhancing its online and mobile banking platforms to cater to the needs of modern consumers. This development has facilitated easier access to banking services for its customers.

Important Awards or Recognitions Received

HBT Financial has received various recognitions for its service quality and community engagement, although specific awards were not detailed in the available information.

3. Trading Services Offered

Forex Trading Options

HBT Financial does not primarily focus on forex trading as part of its offerings. Instead, it specializes in traditional banking services, including deposit accounts and loans.

Stock Trading Options

As a bank holding company, HBT Financial does not directly offer stock trading services. However, it does provide investment management services through its wealth management division.

CFD Trading Products

The company does not provide Contracts for Difference (CFD) trading products, focusing instead on conventional banking services.

Other Financial Instruments

HBT Financial offers a range of financial products, including:

• Loans: Commercial, residential, agricultural, and municipal loans.
• Deposit Accounts: Non-interest bearing demand deposits, money market accounts, and savings accounts.
• Wealth Management Services: Financial planning, investment management, and retirement plan consulting.

Special Services or Unique Advantages

HBT Financial differentiates itself through its commitment to personalized service and community involvement. The bank emphasizes safety and soundness in its operations, which has helped build a strong reputation in its markets.

4. Regulatory and Legal Background

Detailed Regulatory Information

HBT Financial operates under the oversight of several regulatory bodies:

• Federal Reserve System
• FDIC
• IDFPR

Legal Entity Structure by Region

HBT Financial is structured as a bank holding company, with its primary banking operations conducted through Heartland Bank, which is chartered in Illinois.

Client Fund Protection Measures

As a member of the FDIC, HBT Financial provides deposit insurance for its customers, protecting their funds up to the insured limit.

Countries/Regions Served

The primary service areas for HBT Financial are central and northeastern Illinois and eastern Iowa, focusing on local markets rather than international operations.

Compliance History

HBT Financial has maintained a robust compliance framework, adhering to federal and state regulations. The companys history reflects a commitment to regulatory standards, which has fostered trust among its customers and stakeholders.

5. Competitive Landscape

3-5 Main Competitors

HBT Financial competes with several regional banks and financial institutions, including:

• First Mid Bank & Trust
• Heartland Bank
• Associated Bank
• Busey Bank
• Old National Bank

Positioning in the Industry

HBT Financial positions itself as a community-focused bank, emphasizing personalized service and community engagement. Its regional focus allows it to compete effectively against larger money-center banks.

Market Differentiation Factors

The company's differentiation factors include:

• A strong commitment to community involvement and customer service.
• A diverse range of financial products tailored to meet local needs.
• A focus on maintaining high asset quality and sound banking practices.

Conclusion

HBT Financial, Inc. stands out in the financial services sector as a well-established regional bank with a commitment to community service and personalized banking. Its history of growth, coupled with a robust regulatory framework, positions it favorably within the competitive landscape. As it continues to evolve, HBT Financial remains dedicated to serving its clients with integrity and excellence.

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