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Fred L. Drake net worth and biography
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Fred Drake Biography and Net Worth

Chairman of HBT Financial

Fred L. Drake is Executive Chairman of the Company and of Heartland Bank. He joined Heartland Bank’s predecessor bank, Bank of Carlock, in 1983, and has been an integral part of the Company’s success since. In 1992, he led our entry into the Bloomington-Normal market, one of Heartland Bank’s most successful initiatives, setting the tone for the Company’s organic growth in the 1990s and early 2000s. He continues to provide leadership in all facets, including overall strategy, growth, and acquisitions. Mr. Drake holds a BS in Finance and an MBA, both from University of Illinois. Mr. Drake serves as Executive Chairman on our board and on the board of Heartland Bank.

What is Fred L. Drake's net worth?

The estimated net worth of Fred L. Drake is at least $544,604.50 as of February 13th, 2025. Drake owns 22,825 shares of HBT Financial stock worth more than $544,605 as of May 3rd. This net worth approximation does not reflect any other investments that Drake may own. Additionally, Drake receives a salary of $687,570.00 as Chairman at HBT Financial. Learn More about Fred L. Drake's net worth.

How old is Fred L. Drake?

Drake is currently 67 years old. There are 7 older executives and no younger executives at HBT Financial. Learn More on Fred L. Drake's age.

What is Fred L. Drake's salary?

As the Chairman of HBT Financial, Inc., Drake earns $687,570.00 per year. The highest earning executive at HBT Financial is Mr. J. Lance Carter, President, CEO & Director, who commands a salary of $828,210.00 per year. Learn More on Fred L. Drake's salary.

How do I contact Fred L. Drake?

The corporate mailing address for Drake and other HBT Financial executives is 401 N. HERSHEY ROAD, BLOOMINGTON IL, 61702. HBT Financial can also be reached via phone at 888-897-2276 and via email at hbtir@hbtbank.com. Learn More on Fred L. Drake's contact information.

Has Fred L. Drake been buying or selling shares of HBT Financial?

Fred L. Drake has not been actively trading shares of HBT Financial during the last ninety days. Most recently, Fred L. Drake sold 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $25.15, for a transaction totalling $251,500.00. Following the completion of the sale, the chairman now directly owns 22,825 shares of the company's stock, valued at $574,048.75. Learn More on Fred L. Drake's trading history.

Who are HBT Financial's active insiders?

HBT Financial's insider roster includes Roger Baker (Director), Eric Burwell (Director), Patrick Busch (Director), Peter Chapman (CFO), and Fred Drake (Chairman). Learn More on HBT Financial's active insiders.

Are insiders buying or selling shares of HBT Financial?

During the last year, HBT Financial insiders bought shares 1 times. They purchased a total of 6,000 shares worth more than $113,940.00. During the last year, insiders at the sold shares 10 times. They sold a total of 64,953 shares worth more than $1,599,845.31. The most recent insider tranaction occured on February, 13th when Chairman Fred L Drake sold 10,000 shares worth more than $251,500.00. Insiders at HBT Financial own 59.8% of the company. Learn More about insider trades at HBT Financial.

Information on this page was last updated on 2/13/2025.

Fred L. Drake Insider Trading History at HBT Financial

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Fred L. Drake Buying and Selling Activity at HBT Financial

This chart shows Fred L Drake's buying and selling at HBT Financial by year and by quarter.

Skip ChartChart Data in Insider Trading History Table
2022202320242025$0bought$0soldQ2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2-$500k$0$500kTotal Insider BuyingTotal Insider Selling

HBT Financial Company Overview

HBT Financial logo
HBT Financial, Inc. operates as the bank holding company for Heartland Bank and Trust Company that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities in Central and Northeastern Illinois, and Eastern Iowa. The company's deposits accounts consist of noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposits, health savings accounts, and individual retirement accounts. Its loan offering comprises owner and non-owner occupied commercial real estate; construction and land development and multi-family; commercial and industrial; agricultural and farmland; and one-to-four family residential loans, as well as municipal, consumer, and other loans. The company also offers wealth management services, including financial planning to consumers, trusts, and estates; trustee and custodial; investment management; corporate retirement plan consulting and administration; and retail brokerage services. In addition, it provides farmland management, and farmland sales and services; commercial checking accounts; and treasury management services, as well as originates and sells residential mortgage loans. Further, the company offers digital banking services, such as online and mobile banking, and digital payment services, as well as personal financial management tools. The company was formerly known as Heartland Bancorp, Inc. and changed its name to HBT Financial, Inc. in September 2019. HBT Financial, Inc. was founded in 1920 and is headquartered in Bloomington, Illinois.
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Today's Range

Now: $23.86
Low: $23.26
High: $23.86

50 Day Range

MA: $22.85
Low: $20.78
High: $25.00

2 Week Range

Now: $23.86
Low: $18.16
High: $26.25

Volume

24,631 shs

Average Volume

32,438 shs

Market Capitalization

$754.72 million

P/E Ratio

10.56

Dividend Yield

3.59%

Beta

0.62