UMB Financial Corporation completed its acquisition of Heartland Financial USA, Inc. on January 31, 2025, under the terms of a previously announced merger agreement. As part of the transaction, Heartland merged into UMB, with its subsidiary HTLF Bank merging into UMB Bank, National Association.

Under the agreement, each outstanding share of HTLF common stock was converted into 0.55 shares of UMB common stock. Holders of HTLF preferred stock received equivalent shares of newly created UMB preferred stock. HTLF's listing on NASDAQ has been withdrawn, and UMB has filed for the deregistration of HTLF's securities.

Additionally, five former HTLF board members—John Schmidt, Brad Henderson, Jennifer Hopkins, Margaret Lazo, and Susan Murphy—have joined UMB’s board. HTLF's previous executives and board members ceased their roles at the time of the merger.