tiprankstipranks
Heartland Financial and UMB Announce Strategic Merger Agreement
Company Announcements

Heartland Financial and UMB Announce Strategic Merger Agreement

Don't Miss our Black Friday Offers:

Heartland Financial USA (HTLF) has shared an announcement.

On April 28, 2024, Heartland Financial USA, Inc. (HTLF) and UMB Financial Corporation announced a merger agreement, where HTLF will become a wholly owned subsidiary of UMB, followed by a merger of their respective banking subsidiaries. Shareholders of HTLF will receive 0.55 shares of UMB stock for each HTLF share, plus cash for fractional shares. The merger is subject to approval by both companies’ shareholders, regulatory consents, and other customary conditions. The deal also includes provisions for the treatment of HTLF’s equity awards and the composition of the post-merger board of directors, aiming to combine the strengths of both organizations and enhance shareholder value.

For a thorough assessment of HTLF stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyHeartland Financial director sells $1.54M in common stock
TheFlyUMB Financial price target raised to $137 from $124 at Piper Sandler
TipRanks Auto-Generated NewsdeskHeartland Financial Reports Strong Q3 Earnings Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App