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Heartland Financial USA Inc and Morrill Bancshares Inc. Announce Signing Of Definitive Merger Agreement

Wednesday, 12 Jun 2013 04:00pm EDT 

Heartland Financial USA Inc announced that it has entered into a definitive merger agreement with Morrill Bancshares, Inc., based in Merriam, Kansas. Morrill is the parent of Morrill & Janes Bank and Trust Company, a commercial bank serving the greater Kansas City and northeast Kansas markets. According to terms of the agreement, Morrill Bancshares, Inc. will merge into Heartland and Morrill & Janes Bank and Trust Company will become a subsidiary of Heartland, operating under its present name and management team as Heartland`s tenth state-chartered bank. The stockholders of Morrill Bancshares, Inc. will receive Heartland common stock and cash that together are valued at approximately $61.5 million. 

Company Quote

20 Nov 2014