UMB Financial Corporation Acquires Heartland Financial USA, Inc.
April 29, 2024
UMB Financial Corporation completed its previously announced all-stock acquisition of Heartland Financial USA, Inc., creating a larger regional bank with approximately $68 billion in assets and expanded operations across 13 states. The deal (announced at an implied value of about $2.0 billion and using a 0.55 share exchange ratio) increases UMB's private wealth AUM by roughly 31–32%, adds more than 100 branches and ATMs, and brings HTLF operations onto UMB platforms before full brand conversion.
- Buyers
- UMB Financial Corporation
- Targets
- Heartland Financial USA, Inc.
- Sellers
- Heartland Financial USA, Inc. stockholders
- Industry
- Financial Services
- Location
- Colorado, United States
- Transaction Type
- Buyout
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