M&A Deal Summary

UMB Financial Acquires HTLF

On April 29, 2024, UMB Financial acquired financial services company HTLF for 2.0B USD

Acquisition Highlights
  • This is UMB Financial’s 10th transaction in the Financial Services sector.
  • This is UMB Financial’s largest (disclosed) transaction.
  • This is UMB Financial’s 10th transaction in the United States.
  • This is UMB Financial’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2024-04-29
Target HTLF
Sector Financial Services
Buyer(s) UMB Financial
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

HTLF

Denver, Colorado, United States
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.

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Buyer(S) 1

Buyer

UMB Financial

Kansas City, Missouri, United States
Category Company
Founded 1913
Sector Financial Services
Employees3,599
Revenue 1.3B USD (2023)
DESCRIPTION

UMB Financial is a diversified financial holding company offers complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB Financial was founded in 1913 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 10 of 10
Sector (Financial Services) 10 of 10
Type (Add-on Acquisition) 7 of 7
State (Colorado) 2 of 2
Country (United States) 10 of 10
Year (2024) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Old National Bancorp. - HSA Business

Evansville, Indiana, United States

Old National Bancorp. - HSA Business (health savings account) provides health savings account solutions for healthcare spending account cards.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-30 UMB Distribution Services

Kansas, Missouri, United States

UMB Distribution Services will include asset management clients with mutual funds, exchange-traded funds (ETF), and closed-end fund products. UMB Distribution Services is based in Kansas, Missouri.

Sell -
Mergr

Product

Company

Legal