Heartland Financial USA Inc., the parent of Merriam-based Morrill & Janes Bank and Trust Co., is in the process of raising $75 million.
Heartland Financial has been one of the most active bank acquirers in the U.S. during the past few years. It owns 13 independently chartered banks, with about $6 billion in assets and operations in 18 states.
The company announced a private offering of $75 million of subordinated notes at 5.75 percent due 2024. The company said it intends to use the proceeds for…
Heartland Financial USA Inc., the parent of Merriam-based Morrill & Janes Bank and Trust Co., is in the process of raising $75 million.
Heartland Financial has been one of the most active bank acquirers in the U.S. during the past few years. It owns 13 independently chartered banks, with about $6 billion in assets and operations in 18 states.
The company announced a private offering of $75 million of subordinated notes at 5.75 percent due 2024. The company said it intends to use the proceeds for…