M&A Deal Summary

HTLF Acquires First National Bank of Clovis

On January 1, 2000, HTLF acquired financial services company First National Bank of Clovis for 23M USD

Acquisition Highlights
  • This is HTLF’s 3rd transaction in the Financial Services sector.
  • This is HTLF’s 9th largest (disclosed) transaction.
  • This is HTLF’s 3rd transaction in the United States.
  • This is HTLF’s 1st transaction in New Mexico.

M&A Deal Summary
Date 2000-01-01
Target First National Bank of Clovis
Sector Financial Services
Buyer(s) HTLF
Deal Type Add-on Acquisition
Deal Value 23M USD
Advisor(s) Sheshunoff & Co. Investment Banking (Financial)

Target

First National Bank of Clovis

New Mexico, United States
First National Bank of Clovis is a provider of banking and 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 3 of 15
Sector (Financial Services) 3 of 15
Type (Add-on Acquisition) 3 of 14
State (New Mexico) 1 of 2
Country (United States) 3 of 15
Year (2000) 1 of 1
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-03-01 Cottage Grove State Bank

Wisconsin, United States

Cottage Grove State Bank is a provider of full range of financial services.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Rocky Mountain Bancorporation

Billings, Montana, United States

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

Buy $35M
Mergr

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