UMB Financial Corp., based in Kansas City, Missouri signed a merger agreement to acquire Denver-based Heartland Financial USA Inc. in a stock transaction valued at approximately $2 billion. With this acquisition, UMB will gain HTLF's $19.4 billion in assets, $16.2 billion in deposits and $12.1 billion in loans, according to a press release.

UMB will have $64.5 billion in assets following this transaction. It will also expand its branch present to an additional 13 states including California, Minnesota, New Mexico, Iowa and Wisconsin.

Through the agreement, HTLF stockholders will receive 0.55 shares of UMB common stock for each share of HTLF common stock.

"This is a historic and exciting milestone for our company," Mariner Kemper, chairman and CEO, UMB, said in the release. "While we have maintained an outstanding pace of organic growth during the past decade, this compelling combination with HTLF marks a truly momentous expansion of all our core services in both existing and new markets. This synergy, along with a like-minded culture and customer approach, is an ideal fit for our business model, our credit and risk profiles, and our associates, customers and communities."

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