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An update from UMB Financial Corp (UMBF) is now available.
UMB Financial Corporation and Heartland Financial USA, Inc. have entered into a definitive merger agreement, with Heartland becoming a wholly owned subsidiary of UMB. This complex financial maneuver includes a series of mergers, a subsequent bank merger, and a stock conversion plan—HTLF common stockholders will receive 0.55 shares of UMB stock for each share held. The agreement also outlines how equity awards will be handled post-merger, with certain awards being vested and converted to UMB stock. The arrangement, subject to shareholder and regulatory approvals, aims to create a robust financial entity, with a keen eye on shareholder interests and market positioning.
See more data about UMBF stock on TipRanks’ Stock Analysis page.