UMB Financial (UMBF) was cleared by the Federal Reserve Board and the Office of the Comptroller of the Currency to acquire Denver-based Heartland Financial USA (HTLF), the final regulatory hurdles needed for the deal to move forward, the bank companies said Friday.
The bank companies announced the proposed all-stock transaction in 2024, and are now expecting to close the deal by the end of January, pending completion of customary conditions.
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