M&A Deal Summary

HTLF Acquires Rocky Mountain Bancorporation

On June 1, 2004, HTLF acquired financial services company Rocky Mountain Bancorporation for 35M USD

Acquisition Highlights
  • This is HTLF’s 4th transaction in the Financial Services sector.
  • This is HTLF’s 7th largest (disclosed) transaction.
  • This is HTLF’s 4th transaction in the United States.
  • This is HTLF’s 1st transaction in Montana.

M&A Deal Summary

Date 2004-06-01
Target Rocky Mountain Bancorporation
Sector Financial Services
Buyer(s) HTLF
Deal Type Add-on Acquisition
Deal Value 35M USD
Advisor(s) D.A. Davidson & Co. (Financial)
Christian, Samson & Baskett (Legal)

Target

Rocky Mountain Bancorporation

Billings, Montana, United States
Rocky Mountain Bancorporation, Inc. is a provider of full range of commercial and retail banking services.

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Buyer(S) 1

Buyer

HTLF

Denver, Colorado, United States

Category Company
Founded 1981
Sector Financial Services
Revenue 580M USD (2023)
DESCRIPTION

HTLF is a diversified financial services company that provides banking, mortgage, wealth management, investment, insurance, and consumer finance services to individuals and businesses. Heartland currently has 86 banking locations in 63 communities. HTLF was founded in 1981 and is based in Denver, Colorado.


DEAL STATS #
Overall 4 of 15
Sector (Financial Services) 4 of 15
Type (Add-on Acquisition) 4 of 14
State (Montana) 1 of 1
Country (United States) 4 of 15
Year (2004) 1 of 1
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 First National Bank of Clovis

New Mexico, United States

First National Bank of Clovis is a provider of banking and financial services.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 First Shares

Platteville, Wisconsin, United States

First Shares, Inc. is a financial and banking services provider.

Buy $11M