UMB Financial agrees to acquire El Dorado Savings Bank for about $506 million
Bitget2026/10/27 20:07- UMB Financial will acquire El Dorado Savings Bank for approximately $506 million in a 52% cash, 48% stock transaction.
- El Dorado shareholders will receive a fixed exchange ratio of 13.553 and $1,958.88 in cash for each outstanding share.
- El Dorado held $2.4 billion in assets and $2.1 billion in deposits as of September 30, 2026.
- The acquisition adds 31 California branches and four Nevada branches, expanding the combined network to 227 branches across 15 states.
- The transaction is expected to close in the first quarter of 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Crypto prices
More
