Heartland Financial USA — Merger or Acquisition (May 2024)
27 slides from Heartland Financial USA's merger presentation, May 2, 2024
Slide 1: 2024 May All-Employee Town Hall
2024 May All-Employee Town Hall 1
Slide 2: Same Mission, New Vision
Same Mission We help our customers achieve their goals by delivering financial expertise and insights,and best-in-class experiences, while actively contributing to the vitality of the communities where we live and work. NEW VISION Enriching lives one customer, employee and community at a time. 2
Slide 3: Living Our Core Values
Living Our Core Values Integrity Always do the right thing – be honest and open Community Engage your community and your team – support one another and unlock the potential around you Accountability Own the opportunity and the outcome – keep your promises, follow through and follow up Excellence Exc
Slide 4: HTLF and UMB Merger Highlights
HTLF and UMB Merger Highlights $64.5B Combined Assets Combination organization will result in one of the largest regional banks in the country. HTLF and UMB operate in complementary geographies and the merger will nearly double UMB’s current retail presence. Both companies have strong balance sheets
Slide 5: Combined Value for Both Organizations
Combined Value for Both Organizations HTLF: 107 (4) UMB: 90 Pro Forma: 197 Attractive Deal Pricing & Financial Metrics Pro Forma Metrics $64.5B Assets $21.2B Wealth AUM/AUA $52.2B Deposits $35.0B Loans $6.2B Market Cap (5) 13 Total States UMB Multiple EPS Accretion (2)(3) 31% Transaction Multiple 9.
Slide 6: Meaningful scale opportunities with complementary business models
Meaningful scale opportunities with complementary business models Retail / Consumer Banking Wealth Management Specialty Lending Food & Agribusiness Fund Services Commercial Banking Corporate & Specialty Trust Capital Markets Institutional Custody Small Business Banking Treasury Management Card Solut
Slide 7: How does HTLF Benefit?
How does HTLF Benefit? Create a $64.5 billion bank with a need for strong HTLF talent. Realize or accelerate several HTLF 3.0 initiatives, including Digital,Retail and Treasury Management. Make us stronger and create greater operating leverage for the combined organization. Bring new products and ca
Slide 8: What does this mean for our customers?
What does this mean for our customers? The combination will create a compelling offering for our customers,allowing us to accelerate delivery of key components of our HTLF 3.0 strategy already in place at UMB. Enhanced product capabilities include Card, Digital, Institutional, Treasury,Trust and Wea
Slide 9: What does the transaction mean for me?
Continue to focus on serving our customers and each other What does the transaction mean for me? There are no immediate changes. The transaction is expected to close in Q1 2025. Until then, both companiescontinue to operate independently with their respective employees. Our growth strategy and opera
Slide 10: At-a-glance Project Timeline
At-a-glance ACQUISITION ANNOUCEMENT 2024 April 29 NOTIFICATION OF ROLES 2024 End of June EXPECTED DEAL CLOSE 2025 Q1 CONVERSION 2025 October Project Timeline 10
Slide 11: UMB
UVES |
Slide 12: An introduction to UMB: Mariner Kemper
12 Chairman and Chief Executive Officer UMB Financial Corporation Mariner Kemper umb An introduction to
Slide 13: Our story
13 Growth-minded company – constantly evolving and creating opportunities. We encourage and celebrate associates having multiple careers with UMB. Our 111-year history is the foundation for our future. More opportunity. More trust. More heart. We strive for our associates to Be part of something mor
Slide 14: UMB phrases and terms
14 The acronym for our vision and greatest aspiration, to be recognized for the unparalleled customer experience. “TUCE” Instead of jumping to conclusions, it’s important to remember we are all on the same team and working toward the same goals. “Assume positive intent.” A metaphor to explain our co
Slide 15: HTLF and UMB have many things in common
15 Most significant strategic bank acquisition in UMB history. Like-minded cultures Shared commitment to our customers and service Diversified business models Passion for our associates and communities have many things in common. htlf umb and
Slide 16: We are excited about our next chapter together
16 Corresponding and additive businesses Complementary and expanded footprint Opportunities for expansion and growth We are excited about our next chapter together.
Slide 17: Learn more about UMB
17 InvestorRelations.umb.com Corporate website Corporate Citizenship and ESG Report UMB Blog Social media, including Facebook (@UMBBank) and LinkedIn (UMB Bank) UMBBenefits.com/HTLF UMB.com UMB.com/ESGReport Blog.UMB.com Customized page of the Benefits Hub where we will post updates for you Learn mo
Slide 18: UMB
UVES |
Slide 19: How do UMB's benefits compare to HTLF's?
2024 BENEFITS REMAIN THE SAME How do UMB’s benefits compare to HTLF’s? Employee Benefits 19
Slide 20: Staying Informed
Staying Informed INSITE >> HTLF UMB Merger Submit questions any time during the transition. Easily access Q&A, communications, and resources on Insite. 20
Slide 21: What should I do now?
What should I do now? Until the merger closes,HTLF and UMB will continueto operate independently. Continue to serve your customers to the best of your abilities and standards they have come to expect. We commit to keeping you informed throughout this process. Continue performing your job at a high-l
Slide 22: UMB
UVES |
Slide 23: HTLF + UMB
HTLF + UMB Upon close, the combined organization will have more than $64.5 billion in assets and be one of the largest regional banks in the country. The combination with UMB allows us to realize or accelerate several HTLF 3.0 initiatives and will create greater operating leverage for the combined o
Slide 24: Complementary Geographies
HTLF: 107 (4) UMB: 90 Pro Forma: 197 24 Our banks operate in complementary geographies and the merger will nearly double UMB’s current retail presence, expanding into California, Northern Illinois, Iowa, Minnesota, New Mexico, West Texas, and Wisconsin, and enhancing density in Denver, Kansas City a
Slide 25: Q&A
Q&A
Slide 26: Upcoming all-employee meetings
ALL EMPLOYEE MEETING Early June 2024 ALL EMPLOYEE QUARTERLY TOWN HALL July 2024
Slide 27: Cautionary Note Regarding Forward Looking Statements
Cautionary Note Regarding Forward Looking StatementsThis communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule
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