Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · UMB Financial (UMBF)

UMB agrees to buy Heartland Financial in $2.0 billion all-stock deal

Mixed Impact 5 of 5 m&a Written later

UMB Financial agreed on April 28, 2024 to acquire Heartland Financial USA (HTLF) in an all-stock merger valued at about $2.0 billion, with HTLF holders receiving 0.55 UMB shares per HTLF share. Former HTLF stockholders are expected to hold about 31% of the combined company, which the companies say would bring UMB to $64.5 billion in assets and expand its footprint to 13 states. The deal requires UMB shareholder and HTLF stockholder approval and federal regulatory consents, and is expected to close in the first quarter of 2025.

Key points

  • Exchange ratio of 0.55 UMB shares per HTLF share, valued at $45.74 per HTLF share based on UMB's $83.17 close on April 26, 2024
  • Former HTLF stockholders expected to own about 31% of the combined company; five HTLF directors will join a 16-member UMB board
  • Termination fee of $70 million payable by either party in certain circumstances
  • Expected close in the first quarter of 2025, subject to Federal Reserve and OCC approvals and UMB shareholder and HTLF stockholder votes

The filing

CompanyUMB Financial (UMBF)
Form8-K, current report
Filed with the SECApr 29, 2024, 8:00 AM ET
Accession number0001193125-24-120054

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.