April 29 (Reuters) - Regional lender UMB Financial Corp ( UMBF )
has agreed to buy its smaller rival Heartland Financial
in an all-stock deal valued at about $2 billion, the
banks said on Monday.
Founded in 1981, Denver-based Heartland had $19.4 billion in
assets and $16.2 billion in total deposits, as of March 31.
Shares of Heartland rose nearly 4% in premarket trading,
while UMB Financial's ( UMBF ) stock was last up 1.2%.
The companies expect the deal to close in the first
quarter of 2025.