M&A Deal Summary

HTLF Acquires Heritage Bank N.A.

On December 7, 2012, HTLF acquired financial services company Heritage Bank N.A. for 16M USD

Acquisition Highlights
  • This is HTLF’s 6th transaction in the Financial Services sector.
  • This is HTLF’s 11th largest (disclosed) transaction.
  • This is HTLF’s 6th transaction in the United States.
  • This is HTLF’s 1st transaction in Arizona.

M&A Deal Summary
Date 2012-12-07
Target Heritage Bank N.A.
Sector Financial Services
Buyer(s) HTLF
Deal Type Add-on Acquisition
Deal Value 16M USD
Advisor(s) Hovde Group LLC (Financial)

Target

Heritage Bank N.A.

Arizona, United States
Heritage Bank N.A. is a financial services provider.

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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 6 of 15
Sector (Financial Services) 6 of 15
Type (Add-on Acquisition) 6 of 14
State (Arizona) 1 of 2
Country (United States) 6 of 15
Year (2012) 2 of 2
Size (of disclosed) 11 of 14
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-18 Morrill Bancshares

Merriam, Kansas, United States

Morrill Bancshares, Inc. is a provider of full range of banking services.

Buy $62M
Mergr

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