M&A Deal Summary

UMB Financial Acquires Old National Bancorp. - HSA Business

On June 27, 2022, UMB Financial acquired financial services company Old National Bancorp. - HSA Business from Old National Bank

Acquisition Highlights
  • This is UMB Financial’s 9th transaction in the Financial Services sector.
  • This is UMB Financial’s 9th transaction in the United States.
  • This is UMB Financial’s 1st transaction in Indiana.

M&A Deal Summary
Date 2022-06-27
Target Old National Bancorp. - HSA Business
Sector Financial Services
Buyer(s) UMB Financial
Sellers(s) Old National Bank
Deal Type Divestiture

Target

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.

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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 9 of 10
Sector (Financial Services) 9 of 10
Type (Divestiture) 3 of 3
State (Indiana) 1 of 1
Country (United States) 9 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 UMB Financial - Accounts Receivable Financing Division

Kansas, Missouri, United States

UMB Financial's Accounts Receivable Financing Division portfolio offers complete payment solutions. UMB Financial's Accounts Receivable Financing Division is based in Kansas, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 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.

Buy $2.0B

Seller(S) 1

SELLER

Old National Bank

Evansville, Indiana, United States
Category Company
Founded 1834
Sector Financial Services
Employees3,955
Revenue 1.8B USD (2023)
DESCRIPTION

Old National Bank is a financial services holding company. Old National Bank was founded in 1834 and is based in Evansville, Indiana.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Divestiture) 3 of 3
State (Indiana) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 First Midwest Bank

Chicago, Illinois, United States

First Midwest Bank is a provides a full range of both business and retail banking and trust and investment management services through some 100 offices located in 64 communities primarily in metropolitan Chicago. First Midwest Bank was founded in 1982 and is based in Chicago, Illinois.

Buy -
Mergr

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