UMB Purchases Pulaski Bank's Kansas City Location
October 11 2005 - 11:57AM
Business Wire
UMB Financial Corporation (Nasdaq:UMBF) announces today the
purchase of a Pulaski Financial Corporation branch facility located
at 8442 Wornall Road, Kansas City, Mo. Effective in the first
quarter of 2006, UMB will assume responsibility of all deposit
accounts and fixed assets located at the 8442 Wornall banking
center. The accounts are FDIC-insured to the maximum extent
provided by law. "The agreement to purchase this facility is a
win-win proposition for the customers of both UMB and Pulaski
bank," said Peter deSilva, chairman and chief executive officer of
UMB Bank, n.a. "Our new Pulaski customers will have access to 40
UMB banking centers and 212 ATMs throughout the Kansas City
metropolitan area. With the purchase of the Pulaski location, our
current UMB customers in this market will have an improved facility
that is more easily accessible." "The banking center's size, direct
proximity to a large grocery store and a well-traveled intersection
made this an attractive purchase," added deSilva. "This facility
gives us the opportunity to advance operational efficiencies and
customer service in the south central region of Kansas City."
Effective with the closing, UMB customers will have access to 40
banking centers throughout Kansas City. This acquisition is
consistent with UMB expansion in the metropolitan area. In May
2005, UMB opened a banking center at 135th & Metcalf and
construction is underway at a western Shawnee location. UMB
Financial Corporation is a multi-bank holding company headquartered
in Kansas City, Mo., offering complete banking and related
financial services to both individual and business customers. Its
banking subsidiaries own and operate 138 banking centers throughout
Missouri, Illinois, Colorado, Kansas, Oklahoma and Nebraska in
addition to a loan production office in Arizona. Subsidiaries of
the holding company and the lead bank, UMB Bank, n.a., include an
investment services group based in Milwaukee, Wisconsin, a trust
management company in South Dakota, and single-purpose companies
that deal with brokerage services, consulting services and
insurance.
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