Add-on Acquisition • Financial Services

HTLF Acquires Keokuk Bancshares

On July 1, 1994, HTLF acquired financial services company Keokuk Bancshares

Acquisition Context
  • This is HTLF’s 1st transaction in the Financial Services sector.
  • This is HTLF’s 1st transaction in the United States.
  • This is HTLF’s 1st transaction in Iowa.

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M&A Deal Summary

Date July 1, 1994
Target Keokuk Bancshares
Sector Financial Services
Buyer(s) HTLF
Deal Type Add-on Acquisition
Advisor(s) Prairie Capital Advisors Inc (Financial)
Schiff Hardin LLP (Legal)

Target Company

Keokuk Bancshares

Iowa, United States
Keokuk Bancshares, Inc. is a commercial and banking services provider.
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Buyer Overview 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 Context for Buyer #
Overall 1 of 15
Sector: Financial Services 1 of 15
Type: Add-on Acquisition 1 of 14
State: Iowa 1 of 1
Country: United States 1 of 15
Year: 1994 1 of 1
FOLLOWING 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