CLINTON — State Bank of Lincoln, in Clinton, will become Heartland Bank & Trust.
Local State Bank of Lincoln president Steve Aughenbaugh, addressed a letter to SBL customers, which many received over the weekend, telling them about the change.
SBL became a subsidiary of HBT Financial, Inc. two years ago. HBT, which owns Heartland Bank, is based in Bloomington.
The FDIC (Federal Deposit Insurance Corporation) and the Illinois Department of Financial and Professional Regulations approved the merger. The SBL board approved the merger in October.
The Clinton State Bank of Lincoln branches now will operate as Heartland Bank and Trust Company. SBL’s four banks in Lincoln will continue to operate under the State Bank of Lincoln name as a division of Heartland Bank & Trust.