HILLS BANCORPORATION (HBIA) Form 8-K — May 15, 2026
Hills Bancorporation announced on May 11, 2026, that its subsidiary, Hills Bank and Trust Company, entered into an agreement to purchase approximately 19.2 acres of land and improvements in Iowa City, Iowa, for $20.7 million. The property, part of the former ACT campus, will be used to consolidate operational teams into a single location to address long-term capacity constraints and support future growth. The transaction is subject to standard real estate conditions and regulatory approvals, with closing scheduled for the first quarter of 2027.
Key figures
- Deal Value Usd
- 20700000
- Closing period
- Q1 2027
- Property size acres
- 19.2
Price after filing
Close on the filing date to close N calendar days later (from $43.00). Historical, not a forecast.
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