secwatch.observer — SEC 8-K summary
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Issuer:     UMB FINANCIAL CORP (UMBF)
CIK:        0000101382
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001193125-25-018885
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 2.03, 3.03, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101382/000119312525018885/0001193125-25-018885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101382/000119312525018885/d827883d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-018885

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