HBT Financial, Inc. Initial Public Offering

Davis Polk advised the representatives of the several underwriters in connection with the $132.8 million initial public offering of 8,300,000 shares of common stock of HBT Financial, Inc. HBT Financial, Inc. is listed on the Nasdaq Global Select Market under the symbol “HBT.”

HBT Financial, Inc. is headquartered in Bloomington, Illinois and provides a comprehensive suite of business, commercial, wealth management and retail banking products and services to businesses, families and local governments throughout Central and Northeastern Illinois through 64 branches. HBT Financial, Inc. is a longstanding Central Illinois company, with banking roots that can be traced back nearly 100 years.

 The Davis Polk capital markets team included partners Byron B. Rooney and Shane Tintle and associates Yoojin L. Kim, Arisa Akashi and Roman Shapurko. The financial institutions team included partner Margaret E. Tahyar and associate Tyler X. Senackerib. The tax team included partner Mario J. Verdolini and associate Joseph M. Gerstel. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.