M&A Deal Summary

HTLF Acquires Cottage Grove State Bank

On March 1, 1997, HTLF acquired financial services company Cottage Grove State Bank for 8M USD

Acquisition Highlights
  • This is HTLF’s 2nd transaction in the Financial Services sector.
  • This is HTLF’s 14th largest (disclosed) transaction.
  • This is HTLF’s 2nd transaction in the United States.
  • This is HTLF’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 1997-03-01
Target Cottage Grove State Bank
Sector Financial Services
Buyer(s) HTLF
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

Cottage Grove State Bank

Wisconsin, United States
Cottage Grove State Bank is a provider of full range of financial 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 2 of 15
Sector: Financial Services M&A 2 of 15
Type: Add-on Acquisition M&A Deals 2 of 14
State: Wisconsin M&A 1 of 3
Country: United States M&A 2 of 15
Year: 1997 M&A 1 of 1
Size (of disclosed) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-07-01 Keokuk Bancshares

Iowa, United States

Keokuk Bancshares, Inc. is a commercial and banking services provider.

Buy -
FOLLOWING 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