UMB Financial Corporation Completes Deal with Mountain States Bancorporation
September 18 2006 - 10:12AM
Business Wire
UMB Financial Corporation (NASDAQ: UMBF) and Denver-based Mountain
States Bancorporation, Inc. have completed the acquisition of
Mountain States Bank by UMB Financial Corporation. Effective
Friday, Sept. 15, UMB Financial Corporation merged Mountain States
Bank into UMB Bank Colorado, n.a., a subsidiary of UMB Financial
Corporation. Following the acquisition of Mountain States Bank, UMB
Bank Colorado will add approximately $234 million in total
deposits, increasing total deposits to approximately $628 million.
Customers of Mountain States Bank will benefit from a much larger
suite of products and services, as well as the convenience of
numerous ATM locations with free transactions. Additionally, UMB
customers will benefit from a sixth branch location in Denver in
addition to five existing branch locations in Colorado Springs. UMB
Financial Corporation (NASDQ: UMBF) is a multi-bank holding company
headquartered in Kansas City, Mo., offering complete banking and
related financial services to both individual and business
customers nationwide. Its banking subsidiaries own and operate 141
banking centers throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma, Nebraska and 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. UMB was named one of
Business Week's "Web Smart 50" companies in 2005.
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