---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-120054"
form_type: "8-K"
ticker: "UMBF"
cik: "0000101382"
company_name: "UMB FINANCIAL CORP"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:20:13.056534+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# UMB Financial to acquire Heartland Financial in stock merger; exchange ratio 0.55

## Summary
- UMB Financial to acquire Heartland Financial in a stock merger; each HTLF share exchanged for 0.55 UMBF shares.
- Combined board expands to 16 directors, with 5 from HTLF.
- To fund the deal, UMBF entered a forward sale agreement for 2.8M shares at $72 each, with an option for 420k more.
- Transaction subject to regulatory approvals (Fed, OCC), shareholder votes, and termination fee of $70M.
- HTLF CEO Bruce K. Lee (0.02% stake) agreed to vote his shares in favor.

## SEC filing metadata
- accession: 0001193125-24-120054
- form_type: 8-K
- ticker: UMBF
- cik: 0000101382
- company_name: UMB FINANCIAL CORP
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101382/000119312524120054/0001193125-24-120054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101382/000119312524120054/d808030d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-120054
- JSON: https://secwatch.observer/filing/0001193125-24-120054.json
- Plain text: https://secwatch.observer/filing/0001193125-24-120054.txt

## Key facts
- Material Agreements
  UMB FINANCIAL CORP entered into Agreement and Plan of Merger with Heartland Financial USA, Inc. and Blue Sky Merger Sub Inc. (effective 2024-04-28).
  - Action: entry
  - Agreement: merger
  - Counterparty: Heartland Financial USA, Inc. and Blue Sky Merger Sub Inc.
  - Effective: 2024-04-28
  source text: On April 28, 2024 (the “Signing Date”), UMB Financial Corporation, a Missouri corporation (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Heartland Financial USA, Inc., a Delaware corporation (“HTLF”) and Blue Sky Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Blue Sky Merger Sub”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/101382/000119312524120054/0001193125-24-120054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.