![Fred Drake](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Fred Drake
Chairman at
HBT FINANCIAL, INC.
Net worth: 494 M $ as of 2026-05-30
Profile
Fred L.
Drake is Executive Chairman at HBT Financial, Inc. since 2023.
Mr. Drake is Chairman at State Bank of Lincoln (Illinois) since 2012.
Mr. Drake is Executive Chairman at Heartland Bank & Trust Co. since 2023.
Former positions include Chairman at First Federal Bancshares, Inc. (Illinois), Executive Chairman at Heartland BancCorp, and Chairman at Lincoln Banking Co. Ltd. (Colorado).
Education includes undergraduate and MBA degrees from the University of Illinois.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
HBT FINANCIAL, INC. 47.47% | 2026-04-27 | 17,270,558 ( 47.47% ) | 494 M $ | 2026-05-30 |
Fred Drake active positions
| Companies | Position | Start |
|---|---|---|
| HBT FINANCIAL, INC. | Chairman | 2005-12-31 |
Heartland Bank & Trust Co.
 Heartland Bank & Trust Co. Regional BanksFinance Operates as a state chartered commercial bank | Chairman | 2023-05-23 |
State Bank of Lincoln (Illinois)
 State Bank of Lincoln (Illinois) Regional BanksFinance Functions as a state chartered commercial bank | Chairman | 2011-12-31 |
Former positions of Fred Drake
| Companies | Position | End |
|---|---|---|
First Federal Bancshares, Inc. (Illinois)
 First Federal Bancshares, Inc. (Illinois) Savings BanksFinance Operates as a bank holding company which provides banking and financial services | Chairman | 2013-02-28 |
Lincoln Banking Co. Ltd. (Colorado)
 Lincoln Banking Co. Ltd. (Colorado) Financial ConglomeratesFinance Bank holding company | Chairman | 2013-01-21 |
| HEARTLAND BANCCORP | Chairman | - |
Training of Fred Drake
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
2
1st degree connections
7
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 7 |
|---|---|
First Federal Bancshares, Inc. (Illinois)
First Federal Bancshares, Inc. (Illinois) Savings BanksFinance Operates as a bank holding company which provides banking and financial services | Finance |
Heartland BancCorp
 Heartland BancCorp Regional BanksFinance Operates as a bank holding company | Finance |
Lincoln Banking Co. Ltd. (Colorado)
Lincoln Banking Co. Ltd. (Colorado) Financial ConglomeratesFinance Bank holding company | Finance |
University of Illinois
 University of Illinois Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
HBT Financial, Inc.
 HBT Financial, Inc. Regional BanksFinance Operates as a bank holding company whose subsidiary provides banking services | Finance |
State Bank of Lincoln (Illinois)
State Bank of Lincoln (Illinois) Regional BanksFinance Functions as a state chartered commercial bank | Finance |
Heartland Bank & Trust Co.
Heartland Bank & Trust Co. Regional BanksFinance Operates as a state chartered commercial bank | Finance |
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