UMB Financial Corporation announced the successful completion of its acquisition of Heartland Financial USA, Inc., effective January 31, 2025. This all-stock transaction significantly expands UMB's operational scale and geographic presence.
As a result of the acquisition, UMB's asset size will increase to approximately $68 billion, based on assets as of December 31, 2024. The company's geographic footprint will expand from eight to 13 states, doubling its branch network. Additionally, UMB's private wealth management assets under management/administration will increase by 32%.
The completion of this acquisition is a pivotal moment for UMBF, positioning it as a larger, more diversified financial institution. This strategic expansion is expected to enhance UMB's core deposit base and provide a platform for accelerated growth across its banking and financial services offerings.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.