M&A
confidence high
sentiment positive
materiality 0.70
UMB Financial receives regulatory approvals to complete Heartland acquisition; close expected Jan 31, 2025
UMB FINANCIAL CORP
- Combined assets ~$66B, top 4% of publicly traded U.S. banks (based on Sept. 30, 2024 data).
- Acquisition increases private wealth AUM/AUA by 31%; nearly doubles retail deposit base; expands from 8 to 13 states.
- Five HTLF board members (Schmidt, Henderson, Hopkins, Lazo, Murphy) will join UMB Board, growing it to 16 members.
- Final regulatory approvals from OCC and Federal Reserve received; shareholder approvals already obtained.
- Transaction expected to close on or around Jan. 31, 2025, subject to remaining customary closing conditions.