UMB Announces Agreement to Acquire Heartland Financial

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UMB Bank stock falls after announcing $2 billion deal to acquire Heartland Financial

April 29, 2024 8:31 AM EDT

Shares of UMB Bank (NASDAQ: UMBF) are down around 8% premarket Monday after the company reported its first quarter results and announced that it it has agreed a deal to acquire Heartland Financial (NASDAQ: HTLF).

The company has entered into an all-stock transaction agreement to acquire Heartland, valued at approximately $2 billion.

Heartland, headquartered in Denver, has $19.4 billion in assets, $16.2 billion in total deposits and $12.1... More