Dubuque, Iowa-based Heartland Financial USA Inc. is acquiring Lubbock, Texas-based First Bank Lubbock Bancshares Inc., in a deal valued at approximately $185.6 million.
Each First Bank Lubbock common share will be exchanged for 3.0934 shares of Heartland common stock, plus cash. The cash portion of the deal totals $17.5 million.
More details to follow.
