UMB Financial slides after $2 billion Heartland Financial acquisition deal

Heartland Financial USA

29/04/2024 13:13

** Shares of regional lender UMB Financial  UMBF.O  falls
~7.8% to $76.66 premarket
    ** UMBF on Monday agreed to buy its smaller rival Heartland
Financial  HTLF.O  in an all-stock deal valued at about $2
billion
    ** Founded in 1981, Denver-based Heartland had $19.40
billion in assets and $16.20 billion in total deposits, as of
March 31
    ** YTD, the stock is down ~0.4%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))