M&A Deal Summary

HTLF Acquires Morrill Bancshares

On October 18, 2013, HTLF acquired financial services company Morrill Bancshares for 62M USD

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

M&A Deal Summary
Date 2013-10-18
Target Morrill Bancshares
Sector Financial Services
Buyer(s) HTLF
Deal Type Add-on Acquisition
Deal Value 62M USD
Advisor(s) Hovde Group LLC (Financial)
Stinson (Legal)

Target

Morrill Bancshares

Merriam, Kansas, United States
Morrill Bancshares, Inc. is a provider of full range of 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 7 of 15
Sector (Financial Services) 7 of 15
Type (Add-on Acquisition) 7 of 14
State (Kansas) 1 of 1
Country (United States) 7 of 15
Year (2013) 1 of 1
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-07 Heritage Bank N.A.

Arizona, United States

Heritage Bank N.A. is a financial services provider.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-16 Community Bank Corp Of Sheboygan

Sheboygan, Wisconsin, United States

Community Bank Corp Of Sheboygan, Inc. is a provider of commercial and personal banking services.

Buy $52M
Mergr

Product

Company

Legal