The Bank Slate


HBT in Illinois taps insider as next bank president

HBT Financial in Bloomington, Ill., will soon have a new bank president.


The $4.2 billion-asset HBT said in a press release that Patrick Busch will step down as president of Heartland Bank and as the company’s chief lending officer, effective Dec. 31. He will remain at the company as vice chairman.


J. Lance Carter, the company’s president and chief operating officer, will succeed Busch at the bank level.


Lawrence Horvath, the bank’s senior lending manager, will replace Busch as chief lending officer.


“Pat Busch has been an integral part of the success of the company and Heartland Bank since 1995,” Fred Drake, HBT’s chairman and CEO, said in the release. “Larry Horvath will be a strong successor to Pat … and will carry on the conservative credit culture that has resulted in the company being a high-performing bank.”

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