HBT Financial Inc. (NASDAQ:HBT), the holding company for Heartland Bank and Trust Co., has completed its acquisition of NXT Bancorporation Inc., the holding company for NXT Bank.
Fred Drake, chairman and CEO of HBT Financial, said, “We are excited to welcome NXT’s customers, employees and shareholders to the HBT family. Since the announcement of the acquisition in June, we have worked closely with Nate and his team to coordinate a smooth transition for our new customers and employees. Working collaboratively with our new colleagues, we will be able to build on the strengths of each organization to offer customers a superior banking experience, a greater selection of products and services to meet their financial needs, and an increased ability to accommodate clients with larger, more complex borrowing requirements. We look forward to fully capitalizing on the synergies created from the combination of our institutions and further enhancing the value of the HBT franchise.”
“We will continue to operate with the same commitment to relationship banking and outstanding customer service that helped us to build NXT into a highly successful community bank,” said NXT Bank President and CEO Nathan Koch. “With the additional resources, financial strength, and expertise provided by HBT, we believe that we will be able to accelerate our growth and elevate our profile in Iowa in the coming years by attracting additional banking talent and pursuing relationships with larger commercial clients.”