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  6. UMB Bank Colorado National Association Acquires The Citadel Bank

M&A Deal Summary

UMB Bank Colorado National Association Acquires The Citadel Bank

On July 16, 2008, UMB Bank Colorado National Association acquired financial services company The Citadel Bank

Acquisition Highlights
  • This is UMB Bank Colorado National Association’s 1st transaction in the Financial Services sector.
  • This is UMB Bank Colorado National Association’s 1st transaction in the United States.
  • This is UMB Bank Colorado National Association’s 1st transaction in Colorado.

M&A Deal Summary
Date 2008-07-16
Target The Citadel Bank
Sector Financial Services
Buyer(s) UMB Bank Colorado National Association
Deal Type Add-on Acquisition

Target

The Citadel Bank

Colorado Springs, Colorado, United States
The Citadel Bank offers personal and commercial banking services.Citadel Bank had total assets of $89.0 million and total deposits of $81.9 million as of March 31, 2008. Citadel has a strong core deposit franchise, with non-interest bearing deposits comprising 31.57 percent of total deposits and cost of funds of only 1.29 percent for the last 12 months as of March 31, 2008.

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Buyer(S) 1

Buyer

UMB Bank Colorado National Association

Denver,, Colorado, United States
Category Company
Founded 1958
Sector Financial Services
DESCRIPTION

UMB Bank Colorado, National Association provides financial products and services for individuals and businesses.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
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