Reuters logo
BRIEF-Heartland Financial USA says will acquire Signature Bancshares in Minnesota
November 13, 2017 / 11:19 PM / 7 days ago

BRIEF-Heartland Financial USA says will acquire Signature Bancshares in Minnesota

Nov 13 (Reuters) - Heartland Financial USA Inc:

* Heartland Financial USA, Inc. will acquire Signature Bancshares, Inc. in Minnesota

* Heartland Financial USA Inc - deal for ‍$53.4 million​

* Heartland Financial USA Inc - ‍following completion of transaction, combined organization will operate under Minnesota Bank & Trust brand name​

* Heartland Financial USA Inc - ‍expects transaction to be accretive to earnings per share within first year of combined operations​

* Heartland - as per deal, Signature shareholders will receive 0.0610 shares of Heartland stock, $0.335 in cash for each share of Signature stock​

* Heartland-Co, Signature ‍anticipate transaction to qualify as tax-free exchange with respect to stock consideration received by signature​ shareholders Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below