---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-018885"
form_type: "8-K"
ticker: "UMBF"
cik: "0000101382"
company_name: "UMB FINANCIAL CORP"
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T03:51:25.136519+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# UMB closes acquisition of Heartland Financial; assets rise to ~$68B, footprint expands to 13 states

## Summary
- UMB issued ~24M shares of common stock to HTLF shareholders at 0.55x exchange ratio.
- Total assets increase to ~$68B (Dec 31, 2024 pro forma) with addition of 104 branches and 115 ATMs.
- Private wealth management AUM/AUA increases by 32%; geographic footprint expands from 8 to 13 states.
- Five HTLF directors join UMB board, increasing board size to 16.
- UMB to fully settle forward sale agreement in Q1 2025 for net proceeds of ~$231.8M.

## SEC filing metadata
- accession: 0001193125-25-018885
- form_type: 8-K
- ticker: UMBF
- cik: 0000101382
- company_name: UMB FINANCIAL CORP
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 2.03, 3.03, 5.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101382/000119312525018885/0001193125-25-018885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101382/000119312525018885/d827883d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-018885
- JSON: https://secwatch.observer/filing/0001193125-25-018885.json
- Plain text: https://secwatch.observer/filing/0001193125-25-018885.txt

## Key facts
- Executive change
  Jennifer Hopkins was appointed as Director at UMB FINANCIAL CORP.
  - Action: appointed
  - Role: Director
  source text: The five former directors of HTLF mutually agreed by UMB and HTLF, each of whom previously served as a member of the board of directors of HTLF immediately prior to the Merger and was appointed by the Board to fill the vacancies resulting from the increase in the size of the Board referred to above, in each case effective as of the Effective Time, are as follows: John Schmidt, Jennifer Hopkins, Susan Murphy, Margaret Lazo and Brad Henderson (collectively, the “New Directors”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/101382/000119312525018885/0001193125-25-018885-index.htm
- Executive change
  Margaret Lazo was appointed as Director at UMB FINANCIAL CORP.
  - Action: appointed
  - Role: Director
  source text: The five former directors of HTLF mutually agreed by UMB and HTLF, each of whom previously served as a member of the board of directors of HTLF immediately prior to the Merger and was appointed by the Board to fill the vacancies resulting from the increase in the size of the Board referred to above, in each case effective as of the Effective Time, are as follows: John Schmidt, Jennifer Hopkins, Susan Murphy, Margaret Lazo and Brad Henderson (collectively, the “New Directors”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/101382/000119312525018885/0001193125-25-018885-index.htm
- Executive change
  John Schmidt was appointed as Director at UMB FINANCIAL CORP.
  - Action: appointed
  - Role: Director
  source text: The five former directors of HTLF mutually agreed by UMB and HTLF, each of whom previously served as a member of the board of directors of HTLF immediately prior to the Merger and was appointed by the Board to fill the vacancies resulting from the increase in the size of the Board referred to above, in each case effective as of the Effective Time, are as follows: John Schmidt, Jennifer Hopkins, Susan Murphy, Margaret Lazo and Brad Henderson (collectively, the “New Directors”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/101382/000119312525018885/0001193125-25-018885-index.htm
- Executive change
  Brad Henderson was appointed as Director at UMB FINANCIAL CORP.
  - Action: appointed
  - Role: Director
  source text: The five former directors of HTLF mutually agreed by UMB and HTLF, each of whom previously served as a member of the board of directors of HTLF immediately prior to the Merger and was appointed by the Board to fill the vacancies resulting from the increase in the size of the Board referred to above, in each case effective as of the Effective Time, are as follows: John Schmidt, Jennifer Hopkins, Susan Murphy, Margaret Lazo and Brad Henderson (collectively, the “New Directors”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/101382/000119312525018885/0001193125-25-018885-index.htm
- Executive change
  Susan Murphy was appointed as Director at UMB FINANCIAL CORP.
  - Action: appointed
  - Role: Director
  source text: The five former directors of HTLF mutually agreed by UMB and HTLF, each of whom previously served as a member of the board of directors of HTLF immediately prior to the Merger and was appointed by the Board to fill the vacancies resulting from the increase in the size of the Board referred to above, in each case effective as of the Effective Time, are as follows: John Schmidt, Jennifer Hopkins, Susan Murphy, Margaret Lazo and Brad Henderson (collectively, the “New Directors”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/101382/000119312525018885/0001193125-25-018885-index.htm

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