UMB Financial to Acquire Heartland Financial in $2 Billion All-Stock Deal, Expanding Presence Across 13 States

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.

bigbreakingwire

Bringing you the latest updates on finance, economies, stocks, bonds, and more. Stay informed with timely insights.

bigbreakingwire.in