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New Deal


Announced

UMB Financial to acquire the health savings account business of Old National Bancorp.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Majority

Banks

Pending

United States

Domestic

health savings account

Private

Acquisition

Synopsis

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UMB Financial, a financial services company, agreed to acquire the health savings account business of Old National Bancorp, a bank holding company. Financial terms were not disclosed. “Our strategic focus continues to be on growth in the direct-to-employer space. This acquisition provides significant business gain and a strong, experienced team that will complement our organic growth efforts,” Phil Mason, UMB Director of Healthcare Services.

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