UMB Financial Corp. has closed on the acquisition of Heartland Financial USA Inc. (HTLF), which has locations in Iowa, which does business in Iowa as Dubuque Bank & Trust. The acquisition will increase UMB’s asset size by more than 30% to approximately $68 billion and expand its footprint from eight to 13 states, the largest acquisition in the company’s history. In addition, 104 new branches and 115 ATMs will be added to UMB’s current 93 banking centers and 235 ATMs and five Heartland Financial board members will join the UMB Financial board of directors. Heartland Financial will operate as a division of UMB until its operations are combined, which is anticipated to occur in the fourth quarter of 2025. Iowa-based customers can continue banking as they normally would until that time, the release said.