UMB Financial Corporation Receives Regulatory Approval for Marquette Financial Companies Acquisition
May 14 2015 - 5:45PM
Business Wire
UMB Financial Corporation (Nasdaq: UMBF) announced today that
its applications to acquire and merge with Marquette Financial
Companies and to merge Meridian Bank, n.a. and Meridian Bank Texas
into UMB Bank, n.a. have been approved by the Board of Governors of
the Federal Reserve System and the Office of the Comptroller of the
Currency. The transactions are expected to close on May 31,
2015.
Upon closing, UMB will acquire Marquette Financial Companies’
portfolio of financial services businesses, including two banks
with 13 branches in Arizona and Texas, two national commercial
specialty-lending businesses focused on asset-based lending and
factoring as well as an asset-management firm.
“We are pleased to receive the necessary approvals to complete
this transaction and look forward to welcoming Marquette to the UMB
family,” said Mariner Kemper, chairman and CEO of UMB Financial
Corporation. “The most successful acquisitions result when
complementary cultures and values are brought together. That’s why
we are excited about the opportunities for success this merger
creates for our company and our valued customers.”
About UMB
UMB Financial Corporation (Nasdaq: UMBF) is a diversified
financial holding company headquartered in Kansas City, Mo.,
offering complete banking services, payment solutions, asset
servicing and institutional investment management to customers. UMB
operates banking and wealth management centers throughout Missouri,
Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas.
Subsidiaries of the holding company include companies that offer
services to mutual funds and alternative-investment entities and
registered investment advisors that offer equity and fixed income
strategies to institutions and individual investors. For more
information, visit umbfinancial.com, umb.com, blog.umb.com or
follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank
and LinkedIn at linkedin.com/company/umb-bank.
UMB Financial CorporationMedia Contact:Kelli
Christman, 816-916-3240Kelli.Christman@umb.comorInvestor
Relations Contact:Abby WendelAbigail.Wendel@umb.com
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