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5 thoughts on “Heads Up – Bank Acquisition”

    1. UMB doesn’t have any preferred shares that I can see and it is difficult to assess at first glance whether the combined bank will be better than HTLF by itself.

    2. For now it stays outstanding…. At the Effective Time, each share of 7.00% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E, par value $1.00 per share of HTLF (the “HTLF Preferred Stock”), issued and outstanding immediately before the Effective Time will be converted into the right to receive one share of a newly created series of preferred stock of the Company (“Company Preferred Stock”) with such rights, preferences, privileges and powers (including voting powers) as set forth in the Certificate of Designations attached as an exhibit to the Merger Agreement….
      If you want to dig further for any nuggets, this can occupy an extensive amount of time if needing newspaper material for a bathroom break.

      1. Grid, all that has to happen is for UMB to stay healthy for another 14 months. At that point they either call it or pay 5 yr Treasury plus 6.675% for the next 5yrs I’m betting it gets called.

        1. Im making no claims on anything Charles, as I dont own it. But being a person who is distrustful of mergers in general, I would personally be referencing “attached hereto as Exhibit B” for the details it directed owners to do. That way one can definitively determine the facts of the matter. I never looked or searched for the “Exhibit B” document it so referenced.

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