Federal Reserve approves UMB's acquisition of Heartland Financial, expanding UMB's assets and reach.

The Federal Reserve Board has approved UMB Financial Corporation's acquisition of Heartland Financial USA, Inc., both financial institutions based in Missouri and Colorado, respectively. The deal, expected to close by January 31, 2025, will expand UMB's assets to about $66 billion and increase its retail deposits and wealth management assets. Additionally, the acquisition will broaden UMB's presence to 13 states from 8.

2 months ago
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