On January 31, UMB Financial Corp., the parent company of Kansas City, Missouri-based UMB Bank, announced the closing of its acquisition of Denver, Colorado-based Heartland Financial USA Inc., which operates in Texas as First Bank & Trust, based in Lubbock.
Heartland Financial USA operated 19 branches in Texas before the merger. Its Texas-based banks will continue to do business as First Bank & Trust, a division of UMB Bank, prior to banking center and systems conversions, which are anticipated to occur in the fourth quarter of 2025, after which time the bank will operate as UMB.
Established in 1934, First Bank & Trust has locations across the Texas Panhandle and West Texas in Amarillo, Abilene, Colorado City, Dimmit, Farwell, Levelland, Littlefield, Lubbock, Memphis, Midland, Muleshoe, Odessa, Paducah, Pampa, Plains, Snyder and Tahoka. UMB had four banking offices in the Dallas/Fort Worth metroplex and Denton before the acquisition.
With the acquisition, UMB adds 104 new branches and 115 ATMs to its current count of 93 banking centers and 235 ATMs. UMB’s asset size will increase to approximately $68 billion and its geographic footprint will expand from eight to 13 states, adding California, Iowa, Minnesota, New Mexico and Wisconsin.
“As the largest acquisition in our company’s history, this new chapter presents a tremendous opportunity to expand our core services and capabilities, while also introducing new communities to our geographic footprint,” says Mariner Kemper, chair and CEO of UMB Financial Corp.
Five Heartland Financial USA board members now join the UMB Financial Corp. board of directors, expanding the body to 16 members.
