CNB Bank & Trust

What CNB Bank & Trust does

CNB Bank & Trust, N.A. was a privately held, FDIC-insured community bank headquartered in Carlinville, Illinois, with roots tracing to 1854. The bank offered a full suite of community banking services across three primary verticals: personal banking (checking, savings and CDs, credit cards, mortgage and personal loans), business banking (business checking, credit cards, treasury services, merchant services, and business loans), and a specialized agricultural services platform (agricultural loans, crop insurance, farm management, farmland appraisals, and farmland sales). A wealth management division provided financial planning, portfolio management, fiduciary advisory, and retirement plan services. Distribution combined physical branch locations across Illinois and the St. Louis MSA with standard digital channels including an online banking portal and iOS/Android mobile applications. Customer segments spanned retail consumers, small and mid-sized businesses, and agricultural operators in central Illinois.

CNB Bank & Trust operated with between 101 and 250 employees and generated revenue through a traditional community bank model: net interest margin on loans and deposits, fee income from treasury and merchant services, and advisory fees from wealth management. The bank was privately held under parent holding company CNB Bank Shares, Inc. until March 1, 2026, when it was acquired by HBT Financial, Inc. in a merger valued at approximately $170.2 million. Following the acquisition, CNB Bank & Trust, N.A. survived as a wholly-owned subsidiary of HBT Financial and was fully integrated into Heartland Bank and Trust Company, HBT's banking subsidiary, with systems conversions completed in March 2026.

The post-merger combined entity operates 86 branch locations across Illinois, eastern Iowa, and Missouri, with approximately $6.9 billion in assets. Heartland Bank and Trust Company was ranked #1 on Forbes' 2026 America's Best Banks List, signaling strong performance and brand recognition within the regional community banking segment. Following integration, the CNB Bank & Trust brand no longer operates independently, and all operations, products, and customer relationships are consolidated under the Heartland Bank and Trust Company brand.

Name

CNB Bank & Trust

Legal name

CNB Bank & Trust, N.A.

Website

https://cnbil.com

Company type

Private

Founded year

1900

Operating status

Acquired

Headcount range

101–250 employees

Short description

CNB Bank & Trust was a privately held community bank in Illinois offering personal banking, business banking, agricultural lending, and wealth management services across the Illinois and St. Louis MSA markets. It was acquired by HBT Financial in March 2026 and integrated into Heartland Bank and Trust Company.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Community banking
• Personal banking
• Agricultural lending
• Wealth management
• Small business banking

Headquarters

HQ city

Carlinville

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Distribution channels1 record

Core offering

CNB Bank & Trust was a community bank delivering personal banking (checking, savings and CDs, credit cards, mortgage and personal loans), business banking (checking, credit cards, treasury and merchant services, business loans), specialized agricultural services (loans, crop insurance, farm management, farmland appraisals and sales), and wealth management (financial planning, portfolio management, fiduciary advisory, retirement plan services), accessible through branches, online banking, and a mobile app.

Product overview

CNB Bank & Trust operated as a regional community bank that has been integrated into Heartland Bank and Trust Company following HBT Financial's acquisition completed on March 1, 2026. The combined entity offers a comprehensive suite of banking products organized into personal banking (checking, savings, credit cards, mortgages, loans), business banking (checking, credit cards, treasury and merchant services, business loans), and agricultural services (loans, crop insurance, farm management, farmland sales and appraisals). Wealth management services include financial planning, portfolio management, fiduciary advisory, and retirement plan services. Digital banking capabilities are provided through online banking and mobile applications available on iOS and Android. The merged entity operates 86 branch locations across Illinois, eastern Iowa, and Missouri.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking Personal banking services for individuals and households, including checking accounts, savings and CDs, consumer credit cards, mortgage loans, and personal loan options.
• Business Banking Business banking services for small and mid-sized businesses, including business checking, business credit cards, treasury services, merchant services, and business loans.
• Agricultural Services Specialized agricultural banking services for farm operators and agribusinesses, including agricultural loans, crop insurance, farm management, farmland appraisals, farmland sales, record and log forms, and seed plot results.
• Wealth Management Wealth management services for individuals, families, and businesses, including financial planning, portfolio management, fiduciary advisory services, and business retirement plan services.
• Online Banking Digital banking platform enabling customers to manage accounts, pay bills, and access banking services online through the bank's website.
• Mobile Banking App Mobile banking application available on iOS and Android platforms, enabling customers to manage accounts, pay bills, and access banking services on mobile devices.
• Treasury Services Business treasury management services for business clients, including merchant services for payment processing.

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Busey Bank: Illinois-based community and commercial bank serving central Illinois with personal, business, and wealth services — directly comparable footprint and product mix to CNB.
• Midland States Bank: Midwest regional bank with retail, commercial, and wealth management businesses across Illinois, Missouri, and surrounding states — directly comparable in scale and product breadth.
• United Community Bank (Illinois): Illinois-headquartered community bank serving central Illinois with consumer, business, and agricultural lending — comparable geography and product set.
• Hickory Point Bank and Trust: Central Illinois community bank providing personal, business, agricultural, and mortgage services — closely comparable to CNB's product mix and geographic footprint.
• Banterra Bank: Regional bank serving southern Illinois, Indiana, Kentucky, and Tennessee with consumer, commercial, and mortgage products — comparable Midwest community-banking profile.
• Heartland Bank and Trust Company (HBT Financial): Now the parent and operator of CNB's former franchise; an Illinois-headquartered community bank with personal, business, agricultural, and wealth offerings. Directly comparable in geography, products, and customer mix.
• INB (Illinois National Bank): Springfield, Illinois-based community bank offering personal, business, mortgage, and wealth services in overlapping central Illinois markets.
• First Mid-Illinois Bancshares (First Mid Bank): Illinois-headquartered community bank holding company operating across central and southern Illinois with similar personal, business, and wealth management offerings.

Regional players

• Scott Credit Union: Large Illinois-based credit union serving the St. Louis and southern Illinois corridor — directly comparable deposit-taking and consumer lending competitor in CNB's core markets.

Broad incumbents

• State Street Bank and Trust (in Illinois markets): Large incumbent bank with broad treasury, custody, and lending capabilities serving institutional and commercial clients across the Midwest — represents the larger competitive backdrop community banks operate against.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/cnbbankandtrust
• Facebookfacebook.com/cnbbankandtrust

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CNB Bank & Trust