HBT Financial in Bloomington, Ill., has set the stage for its next CEO.
The $4.3 billion-asset company said in a press release that J. Lance Carter will also become its president on May 24. Carter, president and CEO of HBT’s bank, will succeed Fred Drake.
Drake will remain chairman of HBT and its bank.
“In recent years, Lance has demonstrated the capability to lead HBT into the future,” Drake said in the release.
“Over his 22-year career with us, he has gained experience with overall bank management, including credit administration, mergers/acquisitions, and overseeing a public company,” Drake added.