UMB Financial is set to acquire Heartland Financial in a significant all-stock transaction valued at $2 billion.
Heartland shareholders will receive 0.55 shares of UMB stock for each Heartland share, amounting to a valuation of $45.74 per share for Heartland.
This acquisition marks a milestone for UMB Financial, being the largest deal in its 111-year history.
The acquisition will notably expand UMB’s branch network, covering 13 states and introducing new markets in California, Minnesota, New Mexico, Iowa, and Wisconsin.
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