Announced
Financials
Tags
Merger
Friendly
banking
Banks
financial sercives
United States
mortgage
wealth management
Single Bidder
Domestic
Public
Acquisition
Pending
Majority
Synopsis
UMB Financial, an American financial services holding company, agreed to merge with Heartland Financial USA, a Denver, Colorado-based bank holding company, in a $2bn deal. “This is a historic and exciting milestone for our company. While we have maintained an outstanding pace of organic growth during the past decade, this compelling combination with HTLF marks a truly momentous expansion of all our core services in both existing and new markets. This synergy, along with a like-minded culture and customer approach, is an ideal fit for our business model, our credit and risk profiles, and our associates, customers and communities,” Mariner Kemper, UMB Financial Chairman and CEO.
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