HBT Financial to undertake CFO succession plan

Executive Vice President Matthew Doherty will step down from the CFO role he holds at  Bloomington, Ill.-based HBT Financial, Inc., at the end of this year. 

Peter Chapman, EVP and CFO of the $13 billion Great Western Bancorp, Inc., Sioux Falls, S.D. will join HBT Financial on Oct. 1 and assume the CFO role on Jan. 1. A Chartered Accountant, Chapman has a Bachelor of Accounting degree from Royal Melbourne Institute of Technology, in Australia. 

“Pete’s experience as CFO of a larger regional bank will be valuable as we continue to grow our franchise in the future,” said Fred Drake, chair and CEO of the $4.2 billion HBT Financial. 

Doherty will remain as treasurer as a step toward his eventual retirement.