Announced

UMB Financial to merge with Heartland Financial USA in a $2bn deal.

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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